Laxmi India Finance Ltd, a Jaipur-based non-banking financial company (NBFC), has launched its ₹254.26 crore IPO, open for subscription from July 29 to July 31, 2025. The offer comprises a fresh issue and an offer for sale, with proceeds aimed at strengthening the company’s lending base.
Laxmi India Finance Ltd, a non-deposit-taking non-banking financial company (NBFC) headquartered in Jaipur, Rajasthan, has opened its initial public offering (IPO) on July 29, 2025. The company specializes in providing loan services across vehicle financing, MSME lending, construction loans, and other credit solutions, particularly catering to underserved segments across semi-urban and rural India.
The IPO comprises a fresh issuance of 1.84 crore equity shares and an offer-for-sale of 56.38 lakh shares by existing promoters. At the upper limit of the price band — ₹158 per share — the total issue size aggregates to ₹254.26 crore. The price band for the IPO has been fixed between ₹150 and ₹158 per share.
Funds raised through the fresh equity issuance will be utilized primarily to augment the company’s capital base to support future lending requirements, while a portion will be directed toward general corporate purposes.
The company’s performance has seen a robust upward trajectory. As of March 2025, Laxmi India Finance reported total assets under management (AUM) of ₹1,277 crore, a significant rise from ₹687 crore in March 2023. This marks a compound annual growth rate (CAGR) of over 36%, driven by the expansion of its loan book and improved operational reach through an enhanced branch network.
In the grey market, the IPO is witnessing moderate enthusiasm, with the current grey market premium (GMP) reported at ₹9 per share. This suggests a potential listing price of around ₹167 per share, reflecting a 5.70% premium over the issue’s upper price band.
With a proven track record in tier-2 and tier-3 financial lending, and a demonstrated ability to scale loan disbursement efficiently, Laxmi India Finance is positioning itself as a high-growth NBFC amid evolving credit demands in the Indian economy.
IPO Details:
- IPO Opening Date: July 29, 2025
- IPO Closing Date: July 31, 2025
- Price Band: ₹150 – ₹158 per share
- Lot Size: 950 shares
- Minimum Investment (Retail): ₹150,100 (1 lot at ₹158)
- Total Issue Size: 2.40 crore shares (aggregating up to ₹254.26 crore)
- Fresh Issue: 1.84 crore shares
- Offer for Sale (OFS): 56.38 lakh shares by promoters
- Fresh Issue: 1.84 crore shares
- Face Value: ₹10 per share
- Listing Platform: BSE SME
- Tentative Listing Date: August 7, 2025
READ MORE ON
