IBL Finance Ltd - IPO

IBL Finance Ltd IPO Details

Initial public issue* of 65,50,000 equity shares of face value of Rs. 10/- each (Equity Shares) of IBL Finance Limited (The Company or the Issuer) for cash at a price of Rs. 51/-per equity share (the Issue Price), (including a premium of Rs. 41/-per equity share), aggregating Rs. 33.41 crores (The Issue), of which 3,30,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 51/- each aggregating Rs. 1.68 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 62,20,000 equity shares of face value ofRs. 10 each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 31.72 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.49 % and 25.15 % respectively of the post issue paid up equity share capital of the company. *Subject to finalisation of basis of allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 5.1 times of the face value.

Objective of issue

Augmenting the company's Tier I capital base to meet its company's future capital requirements arising out of the growth of its business and asset. General corporate purposes.

IBL Finance Ltd Contact Details

IBL Finance Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@iblfinance.in

Website - www.iblfinance.in