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Dilip Davda recommend to "Avoid" the IPO.
| Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
|---|---|---|---|---|---|
| Count | 0 | 0 | 0 | 1 | 0 |
| % | 0.00 | 0.00 | 0.00 | 100.00 | 0.00 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
| Dilip Davda | Avoid |  |
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of financing self-employed under served masses with its fintech based app. Based on FY24 annualized super earnings, the issue appears aggressively priced. The sustainability of margins remains major concern going forward. There is no harm in skipping this pricey issue. Read detail review...
IBL Finance Limited peer comparison with similar listed entities. (As on March 31, 2023)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| IBL Finance Limited | 1.15 | 1.15 | 12.20 | 44.34 | 9.41 | 4.18 | |
| MAS Financial Services Limited | 37.18 | 37.18 | 277.83 | 23.43 | 13.55 | 3.03 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 23.64 | 25.65 | 0.19 | Consolidated |
| Apollo Finvest (India) Limited | 27.01 | 27.01 | 112.26 | 29.58 | 24.06 | 0.21 | Standalone |
| CSL Finance Limited | 22.02 | 21.40 | 174.85 | 21.12 | 12.59 | 1.94 | Consolidated |
| Ugro Capital Limited | 5.69 | 5.66 | 106.46 | 48.16 | 4.04 | 0.35 |
Notes:
a) Financial information for IBL Finance Limited is derived from the Restated Financial Statements for the year ended March 31, 2023.
b) All the financial information for listed industry peers mentioned above is sourced from the annual reports/ financial results as available of the respective company for the year ended March 31, 2023 submitted to stock exchanges
c) Basic EPS refers to the Basic EPS sourced from the financial results of the respective company for the year ended March 31, 2023.
d) P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 14, 2023 divided by the Diluted EPS provided.
e) P/B Ratio is computed as closing market price of equity shares on BSE as on August 14, 2023 divided by NAV, as on March 31, 2023.
f) RoNW is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth has been computed as sum of paid-up share capital and other equity.
g) Total Equity includes equity share capital and other equity derived from the Restated Financial Statements as of the last day of the relevant year.
h) Net Asset Value per Equity Share is computed as the Total Equity divided by the equity shares outstanding as on March 31, 2023.
IBL Finance IPO Reviews, analysis and views by popular members. Read IBL Finance Limited IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
| Review By | Apply | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Count | 4 | 0 | 0 | 4 |
| % | 50.00 | 0.00 | 0.00 | 50.00 |
| Member | Review |
|---|---|
B.M.SURANA  IPO Guru (2600 Posts, 4800+ Likes) |
Avoid Costly
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| billo.rani |
Avoid Do not get trapped January 10, 2024 3:00:34 PM |
| SMEmitra |
Avoid Parameter Score (0-5) |
| Hirenkumar M |
Apply for Long Term at Cut-off Price Reasonable valuation, gud growth prospects, mid size IPO .. |
| Alpita |
Apply for Short Term at Cut-off Price Parameter - Score (0-5)
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| Ujjaval Patel |
Apply for Long Term at Cut-off Price One of the NBFC company which get approval on NSE sience 2019 in the segment
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| shallow |
Apply for Long Term at Cut-off Price I think company’s main administrative office is situated at 1st floor, 1001, World Trade Centre, Ring Road, Udhna Darwaja, Surat where I have visited many times and also seen working office with well-equipped staff where proposed investor may verify during business hours. It's growing and good company
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| NDN FINANCIAL SERVICES |
Avoid i am personally visited this company reg. office in surat its closed from many times i am visited in office time and no one know this company
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Note:
1| Link|January 5, 2024 4:23:41 PM
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