Laxmi India Finance IPO Day 1: Check GMP, Subscription Status & Key Highlights
Laxmi India Finance Ltd is launching its Initial Public Offering (IPO) today on July 29, 2025. The bidding window for Laxmi India Finance IPO will be open till July 31, 2025 for public subscription. The allotment process for the public issue is expected to be finalised on Friday, August 1, 2025. The company’s shares will be listed on both BSE and NSE, with a tentative listing date of Monday, August 4, 2025.
Laxmi India Finance IPO Details
Laxmi India Finance IPO is a bookbuilding of ₹254.26 crores. The public issue is a combination of fresh issue of 1.05 crore shares aggregating to ₹165.17 crores and offer for sale (OFS) of 0.56 crore shares aggregating to ₹89.09 crores.
The issue price band is set at ₹150 to ₹158 per share. The minimum lot size for an application is 94 and the minimum investment amount required for retail investor is ₹14,100 (94 shares).
PL Capital Markets Private Limited is the book-running lead manager of the Laxmi India Finance IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Check out newly Listed IPOs on BSE and NSE.
Laxmi India Finance IPO Day 1 Subscription Status
(July 29, 2025, 5 PM)
On Day 1, Laxmi India Finance IPO was subscribed 0.37 times. The public issue was subscribed 0.61 times in the retail category, 0.10 times in QIB, and 0.19 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the augmentation of the capital base to meet the future capital requirements towards onward lending.
Laxmi India Finance GMP Details
According to NDTV Profit, the Grey Market Premium (GMP) of Laxmi India Finance Ltd stood at ₹9 as of 09:00 a.m. on July 29, 2025. This indicates that the estimated listing price of the shares can be around ₹167, based on the upper end of the price band at ₹158. The expected gain per share is around 5.70%.
|
Source: NDTV Profit Media Report dated July 29, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Laxmi India Finance Limited
Laxmi India Finance Ltd, founded in 1996 and based in Jaipur, is a non-deposit-taking NBFC focused on semi-urban and rural markets. It offers secured MSME loans, vehicle finance, and personal loans across five states including Rajasthan, Gujarat, and Madhya Pradesh. As of March 2025, it operates 158 branches with an AUM of ₹1,277 crore.
The company reported strong growth in FY25, with net interest income of ₹116.7 crore and net profit of ₹35.9 crore.
Explore other Upcoming IPOs on BSE and NSE.
|
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. To read the RA disclaimer, please click here |