Curis Lifesciences IPO...
01 Nov, 2025
Laxmi India Finance Limited IPO
Laxmi India Finance Limited is coming up with a book-built IPO of ₹254.26 crore, the subscription opens from 29th July to 31st July, 2025. The issue is a combination of a fresh issue worth ₹165.17 crore for 1.05 crore shares and an offer-for-sale worth ₹89.09 crore for 0.56 crore shares. Each share is priced between ₹150 and ₹158, with 94 shares of minimum lot size. The shares are expected to be listed on the BSE and NSE platforms on August 5, 2025. Minimum investment required by a retail investor is ₹14,100. For sNII and bNII, the minimum investment required is ₹2,07,928 and ₹10,09,936, respectively.
Company Background
Founded in 1996, the company is currently located in Jaipur. Laxmi India Finance Limited works as a non-deposit-taking Non-Banking Financial Company which is focused on catering to underserved customers, specifically in the semi-urban areas. The company provides primary support to MSMEs as well as individual customers with the use of their retail credit products like MSME loans, construction loans and vehicle loans.
Operations & Product Range
Facility and Production
The company currently operates 158 branches, as recorded in March 2025 and works on a hub and branch model. These branches are spread across different states in India, like Rajasthan, Madhya Pradesh, Gujarat, Uttar Pradesh and Chhattisgarh. The company’s business model helps in streamlining its operations, reducing costs and supports in enhancing accessibility for customers with its diverse and developing portfolio.
Brand and Market Presence
Laxmi India Finance has a strong presence in the regions where they runs their operations. The company serves a firm customer base consisting of over 35,000 customers and about 18,600 MSME clients. Laxmi India has a focus on small and medium businesses as well as entrepreneurs, which helps in positioning the company as a credible financial partner in the markets that are underserved.
Revenue Channels
Laxmi India Finance Limited generates revenue from its interest and fees on its lending portfolio, which mainly consists of:
- ● MSME Loans are focused on loan requirements for business operations and working capital needs.
- ● Providing loans in order to purchase commercial and personal vehicles, such as two-wheelers, as well as electric vehicles.
- ● Providing construction loans for equipment and financing for contractors who work on a smaller scale.
- ● Various other small-ticket unsecured personal as well as business loans. Laxmi India also provides wholesale loans to NBFCs.
Management & Shareholding
Promoters and Shareholders
The promoters of Laxmi India Finance are Mr. Deepak Baid, Prem Devi Baid and Aneesha Baid, with enterprises such as Hirak Vinimay Private Limited and family trusts. They currently have a 100% stake in the company and the upcoming IPO is going to dilute their shareholding through public investors.
Board Members
The board group of the company includes various members such as the Managing Director of the company who is Mr. Deepak Baid, Mrs. Prem Devi Baid the Whole Time Director of the company, Mrs. Aneesha Baid who is also a Whole Time Director in Laxmi India, Mr. Surendra Mehta, Mr. Anil Balkrishna Patwardhan, Mr. Brijmohan Sharma and Mr. K Chandrachoodhan who are the Non-Executive Independent Directors in Laxmi India Finance.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Laxmi India Finance Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Laxmi India Finance Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 29, 2025 to July 31, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | ₹150 to ₹158 per share |
| Lot Size | 94 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,60,92,195 shares (aggregating up to ₹254.26 Cr |
| Fresh Issue | 1,04,53,575 shares (aggregating up to ₹165.17 Cr) |
| Offer for Sale | 56,38,620 shares of ₹5 (aggregating up to ₹89.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,18,14,300 shares |
| Share Holding Post Issue | 5,22,67,875 shares |
Laxmi India Finance Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jul 29, 2025 |
| IPO Close Date | Thu, Jul 31, 2025 |
| Tentative Allotment | Fri, Aug 1, 2025 |
| Initiation of Refunds | Mon, Aug 4, 2025 |
| Credit of Shares to Demat | Mon, Aug 4, 2025 |
| Tentative Listing Date | Tue, Aug 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 31, 2025 |
Laxmi India Finance Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,852 |
| Retail (Max) | 13 | 1,222 | ₹1,93,076 |
| S-HNI (Min) | 14 | 1,316 | ₹2,07,928 |
| S-HNI (Max) | 67 | 6,298 | ₹9,95,084 |
| B-HNI (Min) | 68 | 6,392 | ₹10,09,936 |
Laxmi India Finance Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 89.05% | - |
Competitive Strength:
- ● The company has a strong focus on providing financing for Micro, Small and Medium Enterprises (MSMEs).
- ● It has access to various sources of capital and an effective cost of funds.
- ● Laxmi India Limited provides a comprehensive credit assessment, underwriting and risk management framework services to its large clientele.
- ● They have a strong regional reach in the semi-urban and rural areas that are supported by a combination of sourcing channels, which are direct and indirect.
Laxmi India Finance Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 1,412.52 | 248.04 | 36.01 | 257.47 | 1,137.06 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 985 | 175 | 22 | 201 | 766.68 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 778.71 | 130.67 | 15.97 | 152.33 | 615.49 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 4.42 |
| RoNW | 13.95% |
| PAT Margin | 14.48% |
| EBITDA Margin | 66.07% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.61 | 7 |
| P/E (x) | 18.35 | 23 |
IPO Objectives
Proceeds from the IPO will be used for augmenting their capital base in order to support future lending activities of the company and credit demand growth, as well as to increase brand visibility and recognition by stock exchange listing.
Conclusion
Laxmi India Finance Limited IPO provides future investors a chance to join a rapidly growing Non-Banking Financial Company that has a focus on Micro, Small and Medium Enterprises and for vehicle loans. The upcoming IPO of the company will allow Laxmi India to enhance its brand presence and also support the rising demand for credit.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
1. When will Laxmi India Finance Limited go public?
The IPO subscription opens from 29th July to 31st July, 2025.
-
2. What is the minimum investment amount for a retail investor?
Minimum investment required by a retail investor is ₹14,100.
-
3. What is the total issue size of Laxmi India Finance Limited?
Laxmi India Finance Limited is coming up with a book-built IPO of ₹254.26 crore
-
4. How will the proceeds raised from the Laxmi India Finance IPO be utilised?
For augmenting the capital base to support future lending and credit demand growth and to increase brand visibility by stock exchange listing.
.jpg)
