The allotment for the IBL Finance IPO has been finalized, and investors can now check their IPO allotment status on the registrar portal, which is Bigshare Services Pvt Ltd. This information will provide details on the number of shares allocated to each investor based on the basis of allotment. Investors who were not allotted any shares will have the refund process initiated, while those who were allocated shares will see them credited to their demat accounts on Monday, January 15.
The IBL Finance IPO is scheduled to be listed on Tuesday, January 16, on the NSE SME platform. Investors who applied for the IPO can check their allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd, using the following steps:
1. Login to the direct Bigshare link: https://ipo.bigshareonline.com/ipo_status.html
2. Select “IBL Finance IPO” in the company name section.
3. Choose ‘Application No/CAF No or Beneficiary ID or PAN Number.’
4. Click ‘Search.’
The IPO subscription status for IBL Finance indicates a subscription of 17.95 times on day 3. The response from retail investors has been particularly positive, with their portion subscribed 24.03 times, and non-institutional buyers’ portion subscribed 11.13 times. The total bids received are for 10,57,52,000 shares against the offering of 58,90,000 shares.
The IBL Finance IPO, valued at ₹33.41 crore, is a fresh issue of 6,550,000 equity shares with no offer-for-sale (OFS) component. The net proceeds from the offering will be utilized for general corporate purposes and expanding the Tier-I capital base to support anticipated future capital needs.
The registrar for the IPO is Link Intime India Private Ltd, and the book running lead manager is Fedex Securities Pvt Ltd. The promoters of IBL Finance are Manish Patel, Piyush Patel, and Mansukhbhai Patel.
As for the grey market premium (GMP) of IBL Finance IPO, it is reported to be ₹0, indicating that shares are trading at their issue price of ₹51 with no premium or discount in the grey market. The “grey market premium” signifies investors’ willingness to pay more than the issue price, and in this case, it suggests that the shares are trading at par with the issue price in the grey market, neither at a premium nor a discount.
