Laxmi India Finance Limited IPO

Laxmi India Finance Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹150 - ₹158

Total Issue

₹254.26 Cr

Bid Dates

29 Jul - 31 Jul

Subscription

1.87x

Est. GMP

₹1 (0.63%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Laxmi India Finance Limited is a non-deposit taking NBFC–Middle Layer primarily engaged in MSME and vehicle financing. It offers a range of lending products including MSME loans, vehicle loans, and construction loans. As of March 31, 2025, it operates through 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. The company reported an AUM of ₹12,770.18 million, with MSME and vehicle loans contributing 76.34% and 16.12%, respectively. Its customer base includes 35,568 borrowers, comprising 18,596 active MSME and 12,423 active vehicle loan customers.

Lot Info

Lot Information for Laxmi India Finance IPO
Category Lots Shares Amount
Retail (Min) 1 94 ₹14,852
Retail (Max) 13 1,222 ₹1,93,076
S-HNI (Min) 14 1,316 ₹2,07,928
S-HNI (Max) 67 6,298 ₹9,95,084
B-HNI (Min) 68 6,392 ₹10,09,936

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
1,60,928 EQ Shares
Shareholder
₹0.00

Issue Size

Total ₹254.26 Cr
Fresh Issue
₹165.17 Cr (1.05 Cr Shares)
Offer For Sale
₹89.09 Cr (0.56 Cr Shares)

Objects of Issue

  1. Augmentation of our capital base to meet our future capital requirements towards onward lending

Grey Market Premium

GMP ₹1
Est. Price ₹159
Est. Gain 0.63%

Laxmi India Finance IPO Peer Comparison

(Rs. in crores)

Laxmi India Finance IPO Peer Comparison Table
Particulars Laxmi India Finance MAS Financial Services Five Star Business Finance SBFC Finance Ugro Capital CSL Finance AKME Fintrade Moneyboxx Finance
Total Income (in Crs.) 248.04 1,520.45 2,866.02 1,306.75 1,441.85 216.04 102.72 199.23
PAT (In Crs.) 35.91 320.21 1,069.59 339.91 151.23 72.08 33.58 1.14
EPS - Basic 8.78 17.48 36.61 3.21 15.68 31.64 8.28 0.39
NAV per share 61.57 142.50 214.13 29.40 222.57 241.21 89.56 79.85
RONW 15.66% 14.71% 18.60% 11.39% 8.68% 14.18% 11.09% 0.53%
Net Interest Margin 9.73% 5.46% 16.07% 9.94% 4.29% 12.03% 11.31% 13.30%
GNPA 1.07% 2.44% 1.79% 2.74% 2.30% 0.46% 2.77% 6.61%
Price to earning (PE) 18.00 16.97 20.62 34.38 11.65 10.56 0.94 476.67
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 17, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Laxmi India Finance IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 245.71 173.14 129.53
Profit after Tax 35.91 22.62 16.03
Net Worth 257.47 201.22 152.33
Total Borrowing 1,137.06 766.68 615.49
Total Assets 1,412.52 984.85 778.71
NAV per share (in ₹) 61.57 50.65 38.34
EPS - Basic (in ₹) 8.78 6.11 5.02

KPIs

Average Yield on Gross loans

21.92%

Average Cost of Borrowings

12.02%

Net Interest Margin

9.73%

GNPA - NNPA

1.07%/0.48%

PE Ratio

18.00

PB Ratio

2.57

Mkt Cap (in Crs.)

825.83

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

12.68%

Public

87.32%

Hirak Vinimay Pvt Ltd 52.01%
Deepak Baid 17.66%
Deepak Hitech Motors Pvt Ltd 6.70%

Management

Deepak Baid MD
Gopal Sain CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

PL Capital Markets PL Capital Markets

Subscription Status

Updated as on 31-Jul-2025 19:00:00

Mainboard Subscription Status for Laxmi India Finance IPO
Category Sub (x) Offered Bids
QIB 1.27 32,48,719 41,36,940
NII 1.82 24,13,829 44,02,678
bHNI 1.80 16,09,220 28,94,354
sHNI 1.87 8,04,610 15,08,324
Retail 2.20 56,32,268 1,23,74,630
Employee - 0 2,52,296
Total 1.87 1,12,94,817 2,11,66,544

Frequently Asked Questions

What is Laxmi India Finance IPO?
Laxmi India Finance IPO is a Mainboard IPO having an issue size of ₹254.26 Crs. Laxmi India Finance IPO is priced at ₹150 - ₹158 per share. The issue opens on 29 Jul 25 and closes on 31 Jul 25.
When will Laxmi India Finance IPO open?
Laxmi India Finance IPO opens on 29 Jul 25 and closes on 31 Jul 25.
What is the GMP of Laxmi India Finance IPO?
The estimated Grey Market Premium of Laxmi India Finance IPO is ₹1 per share (0.63%).
What is the lot size of Laxmi India Finance IPO?
The minimum lot size of Laxmi India Finance IPO is 94 shares & the minimum application amount is Rs. 14852.
When is the allotment of Laxmi India Finance IPO?
The allotment date of Laxmi India Finance IPO is 01 Aug 25.
What is the listing date of Laxmi India Finance IPO?
The listing date of Laxmi India Finance IPO is 05 Aug 25.
What is the subscription of Laxmi India Finance IPO?
Laxmi India Finance IPO is subscribed 1.87 times.
What is the price band of Laxmi India Finance IPO?
Laxmi India Finance IPO is priced at ₹150 - ₹158 per share.
How to check allotment status of Laxmi India Finance IPO?
Click the allotment link on Laxmi India Finance IPO page of IPO360.
How to apply Laxmi India Finance IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Laxmi India Finance IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Laxmi India Finance IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Laxmi India Finance IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date