Laxmi India Finance IPO
Open MainLineCurrent GMP
₹3 (+1.90%)
Price Band
₹ 150 – 158
Lot Size
94
Issue Size
₹254.26 Cr
Minimum Investment
₹14852 (94 Shares)
Listing Date
05 August 2025
Subscription
1.87x
About the Company
Laxmi India Finance Limited (incorporated in 1996) is a non-deposit taking Non-Banking Financial Company (NBFC) focused on addressing the credit needs of underserved and underbanked customers, primarily in semi-urban and rural India. The company specializes in MSME, vehicle, construction, and other retail lending products.
Key Operational Highlights (as of March 31, 2025):
- Branches: 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh.
- Holds the widest reach in Rajasthan among peers.
- AUM: ₹12,770.18 million
- MSME Loans: 76.34% of AUM
- Vehicle Loans: 16.12% of AUM
- Customer Base: 35,568 customers
- 48.78% growth YoY (from 23,906 in FY24)
- 37.10% are first-time borrowers (emphasizing financial inclusion)
- Collection Efficiency: FY25 – 96.76%
- Employees: 1,252 (as of Sep 30, 2024)
Financial Highlights:
- Credit Rating: Upgraded to A- (Positive Outlook) by Acuite Ratings
- Cost of Borrowing: Reduced from 12.24% (FY23) to 12.02% (FY25)
- Funding Partners: 47 lenders, including public and private sector banks, NBFCs, and financial institutions
Product Offerings:
- MSME Finance:
- Loans secured against property
- Loan size: ₹0.05M to ₹2.5M
- Tenure: up to 84 months
- LTV: ~65%
80% qualify as Priority Sector Lending (PSL)
- Vehicle Finance:
- Financing for used commercial/personal vehicles, two-wheelers, electric vehicles
- Loan size: up to ₹1.5M
- Construction Loans:
- Secured loans for residential property construction/renovation
- Loan size: up to ₹2.5M
- Interest: 18%–28%
- Others:
- Unsecured business/personal loans (small-ticket)
- Wholesale loans to NBFCs
Technology Integration:
- Digitized loan lifecycle using Loan Origination System (LOS) and Loan Management System (LMS)
- Real-time collections app used by a 357-member team
- CRM system and mobile app for sales teams improve onboarding and customer engagement
Competitive Strengths:
- Strong focus on MSME financing and financial inclusion
- Wide regional reach with deep rural penetration
- Access to diversified, cost-effective capital
- Robust risk and credit management framework
- Scalable hub-and-branch model
Promoters
- Deepak Baid
- Prem Devi Baid
- Aneesha Baid
- Hirak vinimay Private Limited
- Deepak Hitech Motors Private Limited
- Prem dealers Private Limited
- Vivan Baid Family Trust
Promoters Holding
Holding Pre Issue
89.05%
Holding Post Issue
60.25%
Objects of the Issue
The Company Laxmi India Finance IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Augmentation of our capital base to meet our future capital requirements towards onward lending
Address / Contact Info
Laxmi India Finance Limited
2 DFL, Gopinath Marg,
MI Road, Jaipur -302001
Rajasthan, India
Phone: +91 9773376198
Email: investors@lifc.in
Website: http://www.lifc.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 29 July 2025
IPO Close Date
Thursday, 31 July 2025
Basis of Allotment
Friday, 01 August 2025
Initiation of Refunds
Friday, 01 August 2025
Credit of Shares to Demat
Monday, 04 August 2025
Listing Date
Tuesday, 05 August 2025 — NSE & BSE
Important Dates
Open Date
29 July 2025
Close Date
31 July 2025
Basis Of Allotment
01 August 2025
Listing Date
05 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1412.52 | 984.85 | 778.71 |
| Revenue | 248.04 | 175.02 | 130.67 |
| Profit After Tax | 36.01 | 22.47 | 15.97 |
| Net Worth | 257.47 | 201.22 | 152.33 |
| Reserve & Surplus | 236.99 | 181.87 | 134.23 |
| Total Borrowings | 1137.06 | 766.68 | 615.49 |
EPS Pre
8.61%
EPS Post
6.89%
P/E Pre
18.35
P/E (Post Issue)
22.94x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 0 | 0 | 0 |
| Debt / Equity | 4.42 | 3.8 | 4.03 |
| RoNW % | 15.66 | 12.8 | 11.51 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 14.48 | 12.92 | 12.27 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 3186253 | 28.15 | 0 |
| Non-Institutional | 2389691 | 21.12 | 0 |
| BNII | 1593128 | 10.08 | 0 |
| SNII | 796563 | 7.04 | 0 |
| Retail Investors | 5575944 | 49.29 | 0 |
| Employees | 160928 | 1.42 | 0 |
| Total | 11312816 | 100 | 0 |
Subscription Status ( Thu, 31 Jul 25 01:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3186253 | 4136940 | 1.3x |
| Non-Institutional | 2389691 | 4402678 | 1.84x |
| BNII | 1593128 | 2894354 | 1.82x |
| SNII | 796563 | 1508324 | 1.89x |
| Retail Investors | 5575944 | 12374630 | 2.22x |
| Employees | 160928 | 252296 | 1.57x |
| Total | 11312816 | 21166544 | 1.87x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Laxmi India Finance Ltd | 5 | 0.00 | 8.78 | 8.78 | 15.66 | 61.57 |
| MAS Financial Services Ltd | 10 | 16.97 | 17.48 | 17.48 | 14.71 | 142.50 |
| Five Star Business Finance Ltd | 1 | 20.62 | 36.61 | 36.50 | 18.60 | 214.13 |
| SBFC Finance Ltd | 10 | 34.38 | 3.21 | 3.15 | 11.39 | 29.40 |
| Ugro Capital Ltd | 10 | 11.65 | 15.68 | 14.71 | 8.68 | 222.57 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 94 | 14,852.00 |
| Retail (Max) | 13 | 1,222 | 193,076.00 |
| S-HNI (Min) | 14 | 1,316 | 207,928.00 |
| S-HNI (Max) | 67 | 6,298 | 995,084.00 |
| B-HNI (Min) | 68 | 6,392 | 1,009,936.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- PL Capital Markets Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Laxmi India Finance IPO is a Book-building IPO worth ₹254.26 crores. The price band is ₹150 to 158 per share. The IPO opens on Tue, Jul 29, 2025 and closes on Thu, Jul 31, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Laxmi India Finance IPO opens on Tue, Jul 29, 2025 and closes on Thu, Jul 31, 2025
Laxmi India Finance IPO Price Band is ₹150 to 158.
Laxmi India Finance IPO lot size is 94, and the minimum amount required for application is ₹14852.
The minimum investment for Laxmi India Finance IPO is approximately ₹14852 based on the upper price band.
To apply for the Laxmi India Finance IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jul 31, 2025. After submission, funds are blocked until the basis of allotment of Laxmi India Finance IPO is finalised.
Laxmi India Finance IPO issue size is ₹254.26 crores.
Laxmi India Finance IPO allotment date is Sat, Jun 27, 2026.
The registrar for Laxmi India Finance IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Laxmi India Finance IPO through their official website or helpline.
The Laxmi India Finance IPO GMP (Grey Market Premium) is ₹4 as of Tue, Aug 5, 2025. Based on the upper price band of ₹158 per share, the estimated Laxmi India Finance IPO listing price is ₹162, indicating a potential listing gain of approximately 31% over the issue price.