IBL Finance IPO sets price band at ₹51 apiece: check GMP, key dates, issue details, more
₹51 per share, as per primary market expert. IBL Finance IPO will open for subscription Tuesday, January 9, and will close on Thursday, January 11.
IBL Finance IPO lot size consists of 2,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof.
During the fiscal year that ended on March 31, 2019, IBL Finance started lending money to self-employed professional and small business owners. The business subsequently switched to a fintech-based financial services platform starting in Fiscal 2020.
Lending is made quick and simple by this fintech company, which is driven by technology and data science. Immediate personal loans are offered by the company via a mobile app that is nearly entirely digital, said the company in its draft red herring prospectus (DRHP).
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