IBL Finance Ltd, initially established as IBL Finance Private Limited in August 2017 in Ahmedabad, transitioned into a public company in May 2023. The company commenced its lending activities in 2019, targeting self-employed professionals and small business entrepreneurs, and subsequently evolved into a fintech-based financial services platform in 2020. Emphasizing technology and data science, IBL Finance offers swift and accessible lending solutions through its mobile application, 'IBL: Instant Personal Loan', available on Google Playstore. As of March 31, 2023, the company's personal loan segment reported an Assets Under Management (AUM) of Rs. 14.62 Crores, underscoring its focus on maintaining credit quality and competitive pricing to ensure sustainable growth.
IBL Finance Ltd is gearing up for an Initial Public Offering (IPO), proposing to issue 67,25,000 fresh equity shares, potentially enhancing its capital base to support future expansion and technological advancements in its lending services.
