Laxmi India Finance's IPO closes today, July 31, 2025, presenting investors with the final opportunity to subscribe to the offering. The non-banking financial company (NBFC), which specializes in MSME and vehicle loans, aims to raise ₹254.26 crore through the IPO, which comprises a fresh issue of ₹165.17 crore and an offer-for-sale (OFS) of up to 56,38,620 equity shares aggregating to ₹89.09 crore. The price band for the IPO has been fixed at ₹150 to ₹158 per equity share. Retail investors can bid for a minimum lot size of 94 equity shares, requiring a minimum investment of ₹14,100. The shares are proposed to be listed on both the BSE and NSE on August 5, 2025.

Subscription Status

On Day 3, July 31, 2025, at 10:20 am, the IPO had been subscribed 0.97 times, with bids for 1.09 crore shares against the 1.13 crore shares on offer. The retail investor portion was booked 1.39 times, while the non-institutional investor (NII) segment saw 0.66 times subscription. The qualified institutional buyer (QIB) category was bid 0.45 times. Moreover, the employee quota was subscribed 1.08 times. By the end of Day 2, July 30, 2025, the IPO was subscribed 0.89 times. The retail category was subscribed 1.29 times, QIB 0.45 times, and NII 0.52 times.

Grey Market Premium (GMP)

The grey market premium (GMP) is an unofficial indication of market sentiment. As of July 29, 2025, the GMP for Laxmi India Finance IPO was ₹9 per share, which indicated an estimated listing price of ₹167 (158+9). This suggested a potential listing gain of 5.70%. On July 31, 2025, the GMP was ₹4, indicating an estimated listing price of ₹162 per share, 2.53 percent over the IPO price. Investors should note that GMP is speculative and can fluctuate.

Financial Performance

Laxmi India Finance has demonstrated strong financial growth. The company's revenue soared by 42% from ₹175.02 crores in March 2024 to ₹248.04 crores in March 2025. The company's PAT increased by 60% from ₹22.27 crores to ₹36.01 crores. For FY25, total income stood at ₹248.04 crore, with a net profit of ₹36.01 crore. The company has also reported an average Earnings Per Share (EPS) of ₹7.26 and a Return on Net Worth (RoNW) of 14.01% over the past three years.

Should you apply?

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. The company is focused on serving the financial needs of underserved customers and MSMEs. Based on its recent financial data, the issue appears aggressively priced.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult with a qualified financial advisor before making any investment decisions.