Registered Office:
# 151 Silver Stone Arcade,Singapore Causeway Rd Katargam,
Surat
-
395004,
Gujarat, India.
Phone :
98281 16900 Fax:
Email : compliance@iblfinance.in
Website : www.iblfinance.in
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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 of
Rs. 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 allotment
The face value of the equity shares is Rs. 10/- each and the issue price is 5.1 times of the face value.
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Issue
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Money Payable On
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Opens On
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Closes On
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Application
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Allotment
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09-Jan-24
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11-Jan-24
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(Rs) 51.00
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(Rs) 0.00
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Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
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Lead Managers to the Issue
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Project Cost (Rs.Cr)
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31.66
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Fedex Securities Pvt Ltd
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Project Financed through Current Offer (Rs.Cr)
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33.41
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Post Issue Equity Share Capital (Rs.Cr)
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24.73
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Issue Price (Rs)
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51.00
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