Laxmi India Finance Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹150 - ₹158
- Lot size
- 94 shares
- Issue amount
- ₹254.26 cr
- Total subscription
- 1.87×
- Opens
- 29 Jul 2025
- Closes
- 31 Jul 2025
- Allotment
- 1 Aug 2025
- Listing
- 5 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 1,60,92,195 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,100
- Fresh issue
- ₹165.17 cr
- Offer for sale
- ₹89.09 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,852
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,18,14,300
- Shares after issue
- 5,22,67,875
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 94 | ₹14,852 |
| sHNI | 14 | 1,316 | ₹2,07,928 |
| bHNI | 68 | 6,392 | ₹10,09,936 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 59,319 | 1,14,148 |
| HNIs(10L +) | 1,211 | 394 |
| HNIs (2-10L) | 605 | 1,016 |
| EMPLOYEES | 0 | 1,275 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 50.34 | 65.36 |
| RETAIL | 88.1 | 195.52 |
| HNIs 2+ | 12.59 | 23.83 |
| HNIs 10+ | 25.17 | 45.73 |
| EMPLOYEES | 2.54 | 3.99 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.78 | 6.11 | 5.02 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 13.95 | 11.24 | 10.52 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 1996, the company is a Non-Banking Financial Company (NBFC) specializing in secured lending across MSME, vehicle, and construction loan segments. It primarily operates in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 139 branches as of September 2024. The company has experienced strong growth, with a customer base of 26,065—reflecting a 78.9% increase since March 2022—and a workforce of 1,252 employees. As of June/September 2024, its loan portfolio is led by MSME loans serving 15,732 active customers, followed by vehicle loans with 6,146 active customers. The company is backed by 43 funding partners, including banks and financial institutions, through term loans and NCDs. Its collection process is supported by a tech-enabled team of 255 members who use real-time tracking for efficient loan recovery.
Strengths
- Strong Credit & Risk Control: The company checks borrower history and cash flow to reduce risk in low-served markets.
- Wide Reach in Rural Areas: It serves rural and semi-urban areas using direct and indirect channels to grow in less-covered markets.
- Smart Hub-and-Branch Setup: This setup cuts costs, boosts efficiency, and helps serve customers faster in remote regions.
Risk factors
- Funding Dependency Risk: The company needs large funds, and any issue in raising money may affect its cash flow and operations.
- MSME Focus Risk: Over 75% income comes from MSMEs, so any slowdown or policy change can hit business growth.
- Regulatory Risk: As an RBI-regulated NBFC, missing any rules can lead to penalties or business restrictions.
Promoters
Deepak Baid
Prem Devi Baid
Aneesha Baid
Hirak Vinimay Private Limited
Deepak Hitech Motors Private Limited
Prem Dealers Private Limited
Vivan Baid Family Trust
Registrar & documents
Lead manager
PL Capital Markets Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2 DFL, Gopinath Marg, MI Road, Jaipur, Rajasthan, 302001
+91 9773376198
[email protected]Company website ↗Understanding LAXMIINDIA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.