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.