Laxmi India Finance IPO
GMP, Subscription, Price, Dates & Financial Details
Finance - Nbfc
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…
Open Date
Tue, 29 Jul 2025
Close Date
Thu, 31 Jul 2025
Price Band
₹ 150 – 158
Lot Size
94
Issue Size
₹ 254.26 Cr
Minimum Investment
₹ 14,852 (94 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Laxmi India Finance IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹254.26 Crore, comprising a fresh issue of 1.05 Crore equity shares aggregating to ₹165.17 Crore and an offer for sale (OFS) of 56.39 Lakh equity shares aggregating to ₹89.09 Crore by the existing shareholders.
The Laxmi India Finance IPO remained open for subscription from July 29, 2025, to July 31, 2025. The basis of allotment was finalized on August 01, 2025, and the company's shares were listed on the NSE and BSE on August 05, 2025.
The company had fixed the price band at ₹150 to ₹158 per share, with a lot size of 94 shares. Retail investors were required to make a minimum investment of ₹14,852 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. PL Capital Markets Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Laxmi India Finance Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Laxmi India Finance IPO Timeline (Tentative)
- IPO Open Date
- Tue, 29 Jul 25
- IPO Close Date
- Thu, 31 Jul 25
- Basis of Allotment
- Fri, 01 Aug 25
- Initiation of Refunds
- Fri, 01 Aug 25
- Credit of Shares to Demat
- Mon, 04 Aug 25
- Listing Date
- Tue, 05 Aug 25 — NSE & BSE
Open Date
29 July 2025
Close Date
31 July 2025
Basis Of Allotment
01 August 2025
Listing Date
05 August 2025
IPO Subscription
Check Live Subscription →The Laxmi India Finance IPO has received bids for 2,11,66,544 shares against 1,13,12,816 shares offered, resulting in an overall subscription of 1.87x. the NII category is subscribed 1.84x, Retail Investors 2.22x, Employees 1.57x, and QIBs 1.3x. Within the NII category, BNII is subscribed 1.82x, while SNII is subscribed 1.89x.
QIB
1.3x
NII
1.84x
BNII
1.82x
SNII
1.89x
RII
2.22x
EMP
1.57x
Total
1.87x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 55,75,944 shares, representing 49.29% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 31,86,253 shares (28.15%), while Non-Institutional Investors (NIIs) receive 23,89,691 shares (21.12%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 3,186,253 | 28.15% |
| Non-Institutional | 2,389,691 | 21.12% |
| BNII | 1,593,128 | 10.08% |
| SNII | 796,563 | 7.04% |
| Retail Investors | 5,575,944 | 49.29% |
| Employees | 160,928 | 1.42% |
| Total | 11,312,816 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Laxmi India Finance Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Debt / Equity | 4.42 | 3.8 | 4.03 |
| RoNW % | 15.66 | 12.8 | 11.51 |
| Pat Margin % | 14.48 | 12.92 | 12.27 |
Peers Comparison
| 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 |
About Laxmi India Finance Limited
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
Laxmi India Finance IPO 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%
Laxmi India Finance IPO Objective
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
Laxmi India Finance Limited Address / Contact Details
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
Laxmi India Finance IPO Lot Size
The Laxmi India Finance IPO has a lot size of 94 shares. Retail investors require a minimum investment of ₹14,852 by applying for 1 lot (94 shares). The maximum application allowed for the retail category is 13 lots (1,222 shares), requiring an investment of ₹1,93,076.
| 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 |
Issue Reservation
- QIB — 28.15%
- NII — 21.12%
- RII — 49.29%
- EMP — 1.42%
Book Running Lead Managers
- PL Capital Markets Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Laxmi India Finance IPO?
Laxmi India Finance IPO is a Book-building IPO with a total issue size of ₹254.26 crore. The Laxmi India Finance IPO price band is ₹150 to 158 per share. The Laxmi India Finance IPO subscription opens on Tue, Jul 29, 2025, and closes on Thu, Jul 31, 2025. The Laxmi India Finance IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Laxmi India Finance IPO.
When will the Laxmi India Finance IPO open for subscription?
The Laxmi India Finance IPO opens on Tue, Jul 29, 2025 and closes on Thu, Jul 31, 2025
What is Laxmi India Finance IPO Price Band?
Laxmi India Finance IPO Price Band is ₹150 to 158 per share.
What is Laxmi India Finance IPO Lot Size?
Laxmi India Finance IPO lot size is 94 shares, Retail investors need a minimum investment of ₹14852 based on the upper price band
What is the minimum investment for Laxmi India Finance IPO?
The minimum investment for Laxmi India Finance IPO is ₹14852, based on one lot of 94 shares at the upper price band of ₹158 per share.
How to apply for Laxmi India Finance IPO?
Investors can apply for the Laxmi India Finance IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jul 31, 2025. The application amount remains blocked until the Laxmi India Finance IPO allotment is finalized.
What is Laxmi India Finance IPO Issue Size?
Laxmi India Finance IPO issue size is ₹254.26 crores.
What is the Laxmi India Finance IPO Allotment Date?
Laxmi India Finance IPO allotment date is Fri, Aug 1, 2025.
Who is the Laxmi India Finance IPO Registrar?
The registrar for Laxmi India Finance IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Laxmi India Finance IPO allotment status, refund processing, and other IPO-related information.
What is the Laxmi India Finance IPO GMP?
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 2.53% over the issue price.
Who is the Laxmi India Finance IPO Lead Manager?
The book-running lead managers (BRLMs) for the Laxmi India Finance IPO are PL Capital Markets Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Laxmi India Finance IPO Red Herring Prospectus (RHP).