Laxmi India Finance Ltd., a non-banking financial company (NBFC) headquartered in Rajasthan, is launching its Initial Public Offering (IPO) on July 29, 2025, with the subscription period closing on July 31, 2025. The company aims to raise ₹254.26 crores through a combination of a fresh issue of shares and an offer for sale (OFS). The IPO consists of a fresh issue of 1.05 crore equity shares, aggregating up to ₹165.17 crore, and an offer for sale of 0.56 crore shares, amounting to ₹89.09 crore. The IPO price band has been set at ₹150 to ₹158 per share.
Key Dates for the IPO
The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Issue Details
The IPO issue is a book-built issue. The face value of each share is ₹5. The lot size for an application is 94 shares, requiring a minimum investment of ₹14,100 for retail investors, based on the IPO price band. Retail investors can apply for a minimum of one lot (94 shares), translating to an investment of approximately ₹14,100. Non-institutional investors (NIIs) are segmented into sNII and bNII categories based on investment amounts. The sNII minimum application size is ₹2,07,928 (1,316 shares), while bNII applicants must invest ₹10,09,936 (6,392 shares) at the upper band.
Objectives of the Issue
The primary objective of the fresh issue is to augment the company's capital base to meet future lending requirements. The company intends to use the net proceeds from the fresh issue for augmentation of its capital base to meet future capital requirements towards onward lending. The company will not receive any proceeds from the offer for sale, as the funds will go directly to the selling shareholders.
Financials
Laxmi India Finance reported revenue of ₹248.04 crores in 2025 against ₹175.02 crores in 2024. The company reported a profit of ₹36.01 crores in 2025 against a profit of ₹22.47 crores in 2024. Laxmi India Finance Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024. As of March 31, the company's assets under management (AUM) stood at ₹1,277 crore, a growth of 32.83% over the previous year.
Business Overview
Laxmi India Finance Limited, established in 1996, is a non-deposit-taking NBFC. It offers a diverse product portfolio, including MSME loans, vehicle loans, construction loans, and other lending solutions. As of June 2025, the company had a 26,065-strong customer base that included 15,732 active MSME clients and 6,146 active vehicle loan customers. 38.19% of its customers are first-time borrowers. The MSME segment and vehicles contribute 76.34% and 16.12%, respectively, to the company's AUM. Over 80% of its MSME loans qualify as priority sector lending under RBI guidelines.
Registrar and Lead Managers
PL Capital Markets Private Limited is the book-running lead manager for the IPO, and MUFG Intime India Private Limited (Link Intime) is the registrar.
