Lakshmi India Finance IPO has been launched with a book building of ₹254.26 crore. The issue has been launched with a total issue of ₹165.17 crore in the form of 1.05 crore new shares and an offer to the public of 0.56 crore shares, aggregating to ₹89.09 crore.
Laxmi India Finance IPO will open for subscription on July 29, 2025 and close on July 31, 2025, the last date for subscription. Allotment of Lakshmi India Finance IPO is being finalized on Friday, August 1, 2025. Lakshmi India Finance IPO will be listed on BSE and NSE, with an expected listing date of Tuesday, August 5, 2025.
Laxmi India Finance IPO price has been fixed at ₹150 to ₹158 per share. The lot size for application is 94 shares. The minimum investment amount required for a retailer is ₹14,100 (94 shares). The lot size investment for SNII is 14 lots (1,316 shares), amounting to ₹2,07,928, and for BNII is 68 lots (6,392 shares), amounting to ₹10,09,936.
PL Capital Markets Private Limited is the book-running lead manager of Laxmi India Finance IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar to the issue.
Laxmi India Finance IPO Details
| 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 | Book building 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 IPO Timeline (Tentative Schedule)
Laxmi India Finance IPO opens on July 29, 2025, and closes on July 31, 2025.
| 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 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 IPO Promoter Holding
Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem dealers Private Limited and Vivan Baid Family Trust are the promoters of the company.
| Share Holding Pre Issue | 89.05% |
| Share Holding Post Issue |
Laxmi India Finance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Laxmi India Finance Ltd. Financial Information.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,412.52 | 984.85 | 778.71 |
| Revenue | 248.04 | 175.02 | 130.67 |
| Profit After Tax | 36.01 | 22.47 | 15.97 |
| EBITDA | 163.88 | 114.59 | 85.96 |
| Net Worth | 257.47 | 201.22 | 152.33 |
| Reserves and Surplus | 236.99 | 181.87 | 134.23 |
| Total Borrowing | 1,137.06 | 766.68 | 615.49 |
| Amount in ₹ Crore | |||
About tha Lakshmi India Finance IPO
Founded in 1996, the company operates as Laxmi India Finance Limited, a non-banking financial company.
The company offers MSME loans, vehicle loans, construction loans and other loan products, supporting small businesses and entrepreneurs. Over 80% of MSME loans qualify as priority sector lending.
MSME Finance: The company offers secured loans against residential or commercial property for MSMEs, with loan amounts ranging from ₹0.05 million to ₹2.5 million, with an LTV ratio of 65% and tenures up to 84 months.
Vehicle Finance: The company offers secured vehicle loans for personal and business use, including financing for commercial vehicles (up to ₹1.5 million), two-wheelers (up to ₹0.15 million) and tractors (up to ₹0.7 million).
Construction Loans: The company offers secured loans to retail customers for construction or renovation of residential or commercial properties, with loan amounts up to ₹2.5 million, interest rates between 18%-28% and tenures up to 84 months.
Key Facts as of March 31, 2025
Assets Under Management (AUM): ₹12,770.18 million in 2025, of which MSME and vehicle loans accounted for 76.34% and 16.12%, respectively.
Customer base: 35,568 customers, including 18,596 active MSME customers and 12,423 active vehicle loan customers, an increase of 48.78% compared to 23,906 customers as on March 31, 2024. 37.10% of its customer base are first-time loan borrowers.
Branch network: Increased from 135 branches to 158 branches as on March 31, 2024. The company has branches in Rajasthan, Gujarat, Madhya Pradesh and Chhattisgarh, with Rajasthan having the highest number of branches.
Funding raised from 47 lenders - 8 public sector banks, 10 private banks, 7 small finance banks and 22 NBFCs.
Competitive Strengths:
Focus on MSME financing
Access to diverse sources of capital and effective cost of funds
Comprehensive credit appraisal, underwriting and risk management framework
Deep regional reach in semi-urban and rural areas supported by a mix of direct and indirect sourcing channels
Our hub and branch model streamlines operations, reduces costs and enhances customer reach, thereby driving business growth and market expansion.
Experienced management with good corporate governance practices.