The initial public offering (IPO) of Laxmi India Finance is set to open on July 29, 2025, and close on July 31, 2025. This main-board IPO aims to raise ₹254.26 crore through a combination of a fresh issue of 1.05 crore shares amounting to ₹165.17 crore and an offer for sale of 0.56 crore shares aggregating to ₹89.09 crore.
The price band for the IPO has been fixed at ₹150 to ₹158 per share, with a face value of ₹5. Retail investors can apply for a minimum lot size of 94 shares, requiring an investment of ₹14,100. For small non-institutional investors (sNII), the lot size is 14 lots (1,316 shares) with an investment of ₹2,07,928, while for big non-institutional investors (bNII), the lot size is 68 lots (6,392 shares), requiring ₹10,09,936.
The IPO has reserved not more than 50% of the shares for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% of the offer for retail investors.
Laxmi India Finance intends to utilize the net proceeds from the fresh issue to augment its capital base and meet future lending requirements. The company's objectives include strengthening its capital base to support future lending activities, expanding its loan book to meet growing credit demand, and enhancing its visibility and brand recognition through listing on stock exchanges.
The grey market premium (GMP) for the Laxmi India Finance IPO today signals a potentially bullish trend in the unlisted market. The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. A positive GMP premium signals that the IPO is likely to be at a profit, while a negative GMP indicates that the IPO is likely to be at a discount.
Laxmi India Finance Limited, established in 1996, is a non-banking financial company (NBFC) registered with the Reserve Bank of India. The company focuses on providing financial services to underserved and semi-urban populations across India. Its product portfolio includes MSME loans, vehicle financing, construction loans, and other tailored lending solutions. As of March 2025, Laxmi India Finance had assets under management (AUM) of ₹1,277 crore, with MSME loans comprising 76.34% of its total portfolio.
The company operates through 139 branches across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh. As of March 31, 2025, the company operated 158 branches. Laxmi India Finance gets funds from 43 lenders, including banks and financial institutions, using term loans, NCDs, and working capital loans.
PL Capital Markets Private Limited is the book-running lead manager for the IPO, while MUFG Intime India Private Limited is the registrar for the issue. The tentative listing date for the shares on both the BSE and NSE is August 5, 2025. The allotment for the Laxmi India Finance IPO is expected to be finalized on August 1, 2025.