The price band for the IPO is set between ₹150 to ₹158 per share. The allocation for investors is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (HNIs), and 35% for Retail Investors. The IPO is proposed to be listed on both BSE and NSE, with the tentative listing date set as August 5, 2025. The IPO allotment date is likely to be August 1, 2025.
The Laxmi India Finance IPO will open for subscription on July 29, 2025, and close on July 31, 2025. It is a Book Built Issue, aiming to raise approximately ₹254.26 crores. This includes a fresh issue of ₹165.17 crores and an offer for sale (OFS) of up to 56,38,620 equity shares with a face value of ₹5 each.
In terms of financial performance, Laxmi India Finance reported a revenue of ₹248.04 crores in FY 2025, up from ₹175.02 crores in FY 2024. The company’s net profit also grew to ₹36.01 crores in FY 2025, compared to ₹22.47 crores in FY 2024, reflecting strong financial growth.
Given the company’s consistent performance and expansion outlook, long-term investors may consider this IPO as a promising opportunity.
Laxmi India Finance IPO Objectives:
To augment our capital base in order to meet future funding requirements for onward lending activities.
Alternatively, for a more simplified and polished version:
To strengthen our capital base to support future lending operations and business growth.
Laxmi India Finance IPO Review (Apply or Not)
- May Apply
Laxmi India Finance IPO Date & Price Band Details:
| IPO Open Date: | July 29, 2025 |
| IPO Close Date: | July 31, 2025 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹150 to ₹158 Per Share |
| Issue Size: | Approx ₹254.26 Crores |
| Fresh Issue: | Approx ₹165.17 Crores |
| Offer for Sale: | Approx 56,38,620 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Laxmi India Finance IPO Lot Size:
The minimum market lot for the Laxmi India Finance IPO is 94 shares, requiring an application amount of ₹14,852. Retail investors can apply for up to 13 lots, comprising 1,222 shares, for a total investment of ₹1,93,076.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 94 | ₹14,852 |
| Retail Maximum | 13 | 1,222 | ₹1,93,076 |
| S-HNI Minimum | 14 | 1,316 | ₹2,07,928 |
| B-HNI Minimum | 68 | 6,392 | ₹10,09,936 |
Laxmi India Finance IPO Allotment & Listing Date (Details)
The Laxmi India Finance IPO will open on July 29 and close on July 31, 2025. The basis of allotment is expected to be finalized on August 1, 2025, with the IPO likely to be listed on the stock exchanges on August 5, 2025.
| IPO Open Date: | July 29, 2025 |
| IPO Close Date: | July 31, 2025 |
| Basis of Allotment: | August 1, 2025 |
| Refunds: | August 4, 2025 |
| Credit to Demat Account: | August 4, 2025 |
| IPO Listing Date: | August 5, 2025 |
Laxmi India Finance IPO GMP Today:
The latest Grey Market Premium (GMP) for Laxmi India Finance IPO is ₹15. Based on the upper price band of ₹158, the estimated listing price is around ₹173 per share (cap price + GMP). This indicates a potential gain of approximately 9.49% per share on listing.
Promoters of Laxmi India Finance
The promoters of Laxmi India Finance Ltd include Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak Vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem Dealers Private Limited, and the Vivan Baid Family Trust.
About Laxmi India Finance Ltd
Laxmi India Finance Limited, established in 1996, is a well-established Non-Banking Financial Company (NBFC) primarily focused on providing credit to underserved segments. The company offers a range of lending products including MSME loans, vehicle loans, construction loans, and other financial solutions tailored for small businesses and entrepreneurs.
As of June 30, 2024, the company serves over 26,000 customers, which includes approximately 15,732 active MSME borrowers and 6,146 active vehicle loan customers. To fund its lending operations, Laxmi India Finance is supported by 43 lenders, including prominent banks and financial institutions, through instruments such as term loans, non-convertible debentures (NCDs), and working capital loans.
The company has a workforce of 255 employees as of September 30, 2024, who utilize a proprietary mobile application for real-time monitoring of repayments, loan defaults, and overdue accounts. Its physical presence spans 139 branches across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, enabling strong regional outreach.
Laxmi India Finance combines technology and a focused lending approach to empower small businesses and support financial inclusion in Tier-II and Tier-III cities.
Laxmi India Finance IPO – Financial Highlights
Laxmi India Finance has demonstrated strong financial growth in recent years. The company reported a total revenue of ₹248.04 crores in FY 2025, a significant increase from ₹175.02 crores in FY 2024.
Its net profit also rose to ₹36.01 crores in FY 2025, compared to ₹22.47 crores in FY 2024, reflecting robust operational performance and improved profitability.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹130.67 | ₹108.65 | ₹15.97 | ₹778.71 |
| 2024 | ₹175.02 | ₹145.38 | ₹22.47 | ₹984.85 |
| 2025 | ₹248.04 | ₹200.68 | ₹36.01 | ₹1,412.52 |
Laxmi India Finance IPO Valuation – FY2025
Here are the key valuation metrics for Laxmi India Finance IPO based on the company’s financials for FY2025:
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹8.78 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.66% |
| Net Asset Value (NAV): | ₹61.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| MAS Financial Services Limited | 17.48 | 16.97 | 14.71 | 142.50 | 1520.45 Cr. |
| Five Star Business Finance Limited | 36.61 | 20.62 | 18.60 | 214.13 | 2866.02 Cr. |
| SBFC Finance Limited | 3.21 | 34.38 | 11.39 | 29.40 | 1306.75 Cr. |
| Ugro Capital Limited | 15.68 | 11.65 | 8.68 | 222.57 | 1441.85 Cr. |
| CSL Finance Limited | 31.64 | 10.56 | 14.18 | 241.21 | 216.04 Cr. |
| AKME Fintrade (India) Limited | 8.28 | 0.94 | 11.09 | 89.56 | 102.72 Cr. |
| Moneyboxx Finance Limited | 0.39 | 476.67 | 0.53 | 79.85 | 199.23 Cr. |
Laxmi India Finance IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: laxmifinance.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- PL Capital Markets Private Limited
Laxmi India Finance Company Address
Laxmi India Finance Ltd.
2 DFL,
Gopinath Marg,
MI Road,
Jaipur, Rajasthan, 302001
Phone: +91 9773376198
Email: investors@lifc.in
Website: http://www.lifc.co.in/
Laxmi India Finance IPO – Frequently Asked Questions (FAQs)
Q1. What is the Laxmi India Finance IPO open and close date?
The Laxmi India Finance IPO will open on July 29, 2025, and close on July 31, 2025.
Q2. What is the price band of the Laxmi India Finance IPO?
The IPO price band is fixed between ₹150 to ₹158 per equity share.
Q3. What is the lot size for the Laxmi India Finance IPO?
The minimum lot size is 94 shares, requiring an investment of ₹14,852. Retail investors can apply for up to 13 lots (1,222 shares), amounting to ₹1,93,076.
Q4. What is the total issue size of the IPO?
The company aims to raise around ₹254.26 crores, including a fresh issue of ₹165.17 crores and an offer for sale (OFS) of up to 56,38,620 equity shares.
Q5. When will the allotment of shares be finalized?
The allotment is expected to be finalized on August 1, 2025.
Q6. What is the expected listing date of Laxmi India Finance IPO?
The IPO is likely to be listed on BSE and NSE on August 5, 2025.
Q7. What is the latest GMP (Grey Market Premium) of Laxmi India Finance IPO?
As of July 26, 2025, the latest GMP is ₹15, indicating a potential listing price of ₹173 per share, based on the upper price band.
Q8. What are the main objectives of the IPO?
The primary objectives include augmenting the capital base to support onward lending and to meet future capital requirements.
Q9. Who are the promoters of Laxmi India Finance?
The promoters include Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak Vinimay Pvt Ltd, Deepak Hitech Motors Pvt Ltd, Prem Dealers Pvt Ltd, and Vivan Baid Family Trust.
Q10. Who is the registrar of the IPO?
The IPO registrar is MUFG Intime India Private Limited.
