August 5, 2025
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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 |
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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:
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Commercial Vehicles – up to ₹15 lakh
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Tractors – up to ₹7 lakh
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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)
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Assets Under Management (AUM): ₹1,277.02 crore
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MSME Loans: 76.34% of AUM
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Vehicle Loans: 16.12% of AUM
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Customer Base: 35,568 total customers
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18,596 active MSME borrowers
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12,423 active vehicle loan customers
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37.10% of customers are first-time borrowers
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48.78% growth over FY24 (from 23,906 customers)
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Branch Network: 158 branches (up from 135 in FY24), across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh
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Highest branch density in Rajasthan
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🏦 Robust Lender Support
Laxmi India Finance has secured funding from 47 lenders, including:
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8 Public Sector Banks
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10 Private Sector Banks
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7 Small Finance Banks
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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.
Quicklinks
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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.
The company was incorporated in 1996.
