Laxmi India Finance IPO to Open on July 29: Check Issue Size & Key Details
Laxmi India Finance Ltd. is a non-deposit-taking NBFC that provides loans and lending products to the underserved customers in India. The bidding window for Laxmi India Finance IPO opens tomorrow on July 29, 2025 for public subscription.
The IPO will remain open from July 29, 2025 to July 31, 2025. The allotment is expected to be finalised on August 1, 2025. The company’s shares will be listed on both BSE and NSE, with a tentative listing date of August 4, 2025.
Laxmi India Finance - IPO Details
Laxmi India Finance IPO will be a bookbuilding of ₹254.26 crores.
Face Value: ₹5 per share
Issue Price Band: ₹150 to ₹158 per share
Total Issue Size: 1,60,92,195 shares (aggregating to ₹254.24 Crores)
- Offer for Sale (OFS): 56,38,620 shares (aggregating up to ₹89.09 Cr)
- Fresh Issue: 1,04,53,575 shares (aggregating up to ₹165.17 Crores)
Lot Size: 94 shares
Minimum Investment Amount: ₹14,100
Book-running Lead Manager: PL Capital Markets Private Limited
Registrar: MUFG Intime Private Limited (Link Intime)
Utilisation of Proceeds
Laxmi India Finance Ltd. will utilise the net proceeds from the issue for the augmentation of the capital base to meet the future capital requirements towards onward lending.
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GMP Details
Ahead of its opening, the Grey Market Premium (GMP) of Laxmi India Finance Ltd stood at ₹13 as of 8:32 a.m. on July 28, 2025 (as per NDTV Profit). This indicates that the estimated listing price of the shares can be around ₹171, based on the upper end of the price band at ₹158. The expected gain per share is around 8.23%.
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Source: NDTV Profit Media Report dated July 28, 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. |
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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.
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