Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to provide loans.
IBL Finance's Finance Committee approved a Draft Prospectus for a Public Issue of Secured, Rated Non-Convertible Debentures. The issue aims to raise up to ₹25 Cr (Base Issue) with an option to retain oversubscription of ₹25 Cr, totaling up to ₹50 Cr.
IBL Finance allotted 100 Senior Secured Non-Convertible Debentures (NCDs) at ₹1 lakh each through a private placement to an identified investor. This raises ₹1 Cr for the company, providing a direct fund infusion with a 13% fixed coupon.
IBL Finance allotted 41 Unlisted, Secured NCDs at ₹1,00,000 each via private placement, raising ₹0.41 Cr. This capital infusion will strengthen the company's financials.
IBL Finance allotted 65 Unlisted Secured NCDs via private placement, each at Rs. 1,00,000. This raised Rs. 0.65 Cr for the company, carrying a fixed 13% annual interest.
IBL Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2026. Further, the company has informed the Exchange regarding voting results.