IBL Finance SME IPO GMP

IBL Finance Limited is set to make its debut on the NSE SME Exchange with its initial public offering (IPO). This IPO is generating significant interest among investors and traders, with the Grey Market Premium (GMP) playing a pivotal role in assessing its potential listing performance. In this blog, we will delve into the details of IBL Finance SME IPO, including its GMP, company background, objectives, and IPO dates.

Also See: All IPO GMP Price Today

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IBL Finance SME IPO Overview:

  • Issue Size: Rs 34.30 Crores
  • Type: 100% Fresh Issue
  • Face Value: Rs 10 per equity share
  • Price Band: Rs 51 per equity share
  • Minimum Lot: 2000 equity shares (and in multiples thereof)

IBL Finance IPO GMP:

To understand the market sentiment surrounding IBL Finance SME IPO, it’s essential to monitor the Grey Market Premium (GMP). As of now, the GMP stands at ₹4, indicating that the IPO is trading at its issue price of ₹51 per equity share. Here is a snapshot of the GMP data: [ Last Updated: 16 Jan, 2024; 11:35]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
16-01-2024₹51.00₹46100₹55 (7.84%)
15-01-2024₹51.00₹46100₹55 (7.84%)
14-01-2024₹51.00₹34600₹54 (5.88%)
13-01-2024₹51.00₹34600₹54 (5.88%)
12-01-2024₹51.00₹0₹51 (0%)
11-01-2024₹51.00₹0₹51 (0%)
10-01-2024₹51.00₹0₹51 (0%)
09-01-2024₹51.00₹0₹51 (0%)
08-01-2024₹51.00₹0₹51 (0%)
07-01-2024₹51.00₹0₹51 (0%)
06-01-2024₹51.00₹0₹51 (0%)
05-01-2024₹51.00₹0₹51 (0%)
04-01-2024₹51.00₹0₹51 (0%)
03-01-2024₹51.00₹0₹51 (0%)

Note: GMP is subject to change and is not an official indicator of IPO performance.

Also Read: Upcoming IPO in India

What is IPO Grey Market Premium (GMP)?

The Grey Market Premium (GMP) is the unofficial and unregulated market where IPO shares are traded before their official listing. It provides insight into how the IPO might perform on its listing day. A positive GMP suggests potential profits, while a negative GMP implies a possible discount.

However, it’s crucial to remember that GMP can be highly volatile and speculative. Investing solely based on GMP can be risky, so it’s essential to consider all factors before making an investment decision.

Also Read: What is GMP in IPO: Understanding Grey Market Premium (GMP) in IPOs

About IBL Finance Limited:

IBL Finance Limited was established in August 2017 and initially focused on lending to freelancers and small businesses. In the 2020 financial year, the company transitioned into a fintech-based financial services platform. As a technology-driven fintech firm, IBL Finance simplifies lending processes using technology and data science. The company offers instant loans through its mobile app, streamlining the process significantly.

IBL Finance IPO

One of the company’s key strengths is its digital lending process, which allows borrowers to apply, get approved, and receive funds within a short timeframe. This quick and hassle-free approach aligns well with the digitally connected Indian population’s needs.

IBL Finance follows an innovative cohort-based approach, segmenting customers based on various factors to provide tailored products. They emphasize risk management, data science, and machine learning in their operations.

Also Read: When Can a Company Go for IPO in India

Strengths of IBL Finance SME IPO:

  • Mobile-first approach for enhanced customer engagement and experience
  • Leveraging risk management, data science, and machine learning
  • A stable and experienced management team
  • Improved financial performance

IBL Finance SME IPO Objectives:

The net proceeds from the IPO will be utilized for the following objectives:

  1. Augmenting the company’s Tier-I capital base to meet future capital requirements.
  2. General corporate purposes.

Also Read: Upcoming IPOs in 2024: 11 expected issues in the new year; check out the full list

IBL Finance SME IPO Dates:

  • SME IPO Open Date: 09-01-2024
  • SME IPO Close Date: 11-01-2024
  • Basis of Allotment Finalization Date: 12-01-2024
  • Refunds Initiation: 15-01-2024
  • Credit of Shares to Demat Account: 15-01-2024
  • SME IPO Listing Date: 16-01-2024

Please note that these dates are subject to change and should be verified closer to the IPO opening.

In conclusion, the IBL Finance SME IPO is generating considerable interest in the market, with investors closely watching its Grey Market Premium. While GMP provides insight into market sentiment, it’s crucial to conduct thorough research and consider all factors before making investment decisions. If you decide to participate in the IPO, make sure to follow the official application process and stay updated on any changes in the IPO schedule.

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