IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.
As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 2 | Experienced promotors. A few litigation are seen in the RHP. |
| Company Financials | 4 | Good growth is seen in the company’s top-line and bottom-line performance. |
| Segment Growth Opportunity | 3 | Very fragmented sector, highly competitive with good growth at sector level. |
| Asking Valuation (compared with Peers) | 2 | Asking PE is ~35, peers in the range of 15-30x. Considering the financials, the asking valuation seems to be on the higher side. |
| Lead Manager’s past performance | 3 | Avg ~ 12% listing day gain for past 32 IPOs. |
| Consolidated Score | 2.7 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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