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Laxmi India Finance IPO

Laxmi India Finance IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents

Final Subscription Tally 

QIB B HNI X S HNI X NII X RII X Total X
1.30 1.82 1.87 1.83 2.20 1.86
Applications: 115,061
Subscription Review:
Weak subscription trend observed on the last day

 

Who are the promoters of Laxmi India Finance IPO?   
Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem dealers Private Limited and Vivan Baid Family Trust are the promoters of the company.

What are the Objects of Laxmi India Finance IPO?

Augmentation of the capital base to meet the future capital requirements towards onward lending Rs. 177 Cr.

What is the business of Laxmi India Finance?

Laxmi India Finance – Focused Lending for Bharat’s Growth

Incorporated in 1996, Laxmi India Finance Limited is a registered Non-Banking Financial Company (NBFC), primarily engaged in lending to the underserved and semi-urban markets of India. The company offers a range of secured lending products aimed at empowering MSMEs, vehicle owners, and individuals seeking construction finance.

Over 80% of its MSME portfolio qualifies under Priority Sector Lending (PSL), reflecting its focus on financial inclusion and grassroots entrepreneurship.

💼 Core Lending Segments

1. MSME Finance
Secured loans backed by residential or commercial property, with ticket sizes from ₹50,000 to ₹25 lakh, up to 84 months tenure, and Loan-to-Value (LTV) ratio capped at 65%.

2. Vehicle Finance
Loans for personal and commercial vehicles, including:

  • Commercial Vehicles – up to ₹15 lakh

  • Tractors – up to ₹7 lakh

  • Two-wheelers – up to ₹1.5 lakh
    All loans are secured and tailored for rural and semi-urban mobility needs.

3. Construction Loans
Secured loans for construction or renovation against residential or commercial properties. Loan amount up to ₹25 lakh, with interest rates ranging from 18% to 28%, and repayment period up to 84 months.


📊 Key Business Metrics (As of March 31, 2025)

  • Assets Under Management (AUM): ₹1,277.02 crore

    • MSME Loans: 76.34% of AUM

    • Vehicle Loans: 16.12% of AUM

  • Customer Base: 35,568 total customers

    • 18,596 active MSME borrowers

    • 12,423 active vehicle loan customers

    • 37.10% of customers are first-time borrowers

    • 48.78% growth over FY24 (from 23,906 customers)

  • Branch Network: 158 branches (up from 135 in FY24), across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh

    • Highest branch density in Rajasthan

🏦 Robust Lender Support

Laxmi India Finance has secured funding from 47 lenders, including:

  • 8 Public Sector Banks

  • 10 Private Sector Banks

  • 7 Small Finance Banks

  • 22 NBFCs

Laxmi India Finance IPO GMP, Particulars & Guidance

Laxmi India Finance IPO Details 

 
IPO opens on  29 July 2025
IPO closes on  31 July 2025
Issue Type Book Built Issue IPO
Issue Size 16092195 Shares /
Rs ? Crore
* Fresh Issue 10453575 Shares /
Rs ? Crore
* Offer for Sale   5638620 Shares /
Rs – Crore
   
Face Value per share: Rs. 5
Price Band  Rs. 150-158
Retail Discount  Rs 0 per share
Employee discount  Rs. – per share
Retail Lot Size  94 Shares
Listing will at  BSE, NSE

How are the share being offered?

Investor Category Shares Offered
QIB  
NII  
Retail   
Total  

How shares can be applied in the IPO?

Application Lots Shares Amount
Rs.
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

 

What is the timetable of this IPO?
IPO opens on 29 July 2025
IPO Closes on 31 July 2025
IPO Allotment on 1 August 2025
Unblocking of Asba 4 August 2025
Credit of Shares 4 August 2025
Listing of Shares 5 August 2025
Registered Office of the company
Laxmi India Finance Ltd.
2 DFL,
Gopinath Marg,
MI Road,
Jaipur, Rajasthan, 302001
Who are the Lead Managers of
Ajax Engineering IPO?
PL Capital Markets Pvt ltd
Registrar to IPO
Mufg Intime India ltd

Laxmi India Finance IPO Finance Snapshot 

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 1,412.52 984.85 778.71
Revenue 248.04 175.02 130.67
Profit After Tax 36.01 22.47 15.97
EBITDA 163.88 114.59 85.96
Net Worth 257.47 201.22 152.33
Reserves and Surplus 236.99 181.87 134.23
Total Borrowing 1,137.06 766.68 615.49
Amount in Rs. Crore
KPI Values
Debt/Equity 4.42
RoNW 13.95%
PAT Margin 14.48%
EBITDA Margin 66.07%
Price to Book Value 2.57
EPS  
PE Ratio  

How Laxmi India Finance IPO compares with the Peers?
Peer Comparison.

Company Name P/E (x) RoNW (%)
Laxmi India Finance Limited   15.66
Mas Financial Services Ltd 16.97 14.71
Five Star Business Finance 20.62 18.6
SBFC Finance Limited 34.38 11.39
Ugro Capital Ltd 11.65 8.68
Csl Finance Ltd 10.56 14.18
Akme Fintrade (India) Limited 0.94 11.09
Moneyboxx Finance Ltd 476.67 0.53

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Laxmi India Finance IPO Review by Paresh Gordhandas, CA & Research Analyst.

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What does Laxmi India Finance Limited do?

Laxmi India Finance Limited is a Non-Banking Financial Company (NBFC) that provides secured loans in the MSME, vehicle, and construction segments. It focuses on lending to underserved and semi-urban customers across multiple Indian states.

When was Laxmi India Finance Limited incorporated?

The company was incorporated in 1996.

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