Laxmi India Finance Shares Make Weak Debut on Stock Market, List at 12.96% Discount
Laxmi India Finance Ltd, which launched its Initial Public Offering (IPO) on July 29, 2025 made its debut on Dalal Street today on August 5, 2025. The shares of Laxmi India Finance made a weak debut, listing at discount at both NSE and BSE.
The shares opened at ₹136 on the BSE, marking a discount of 13.92% over the IPO upper price band of ₹158. On NSE, the shares of Laxmi India Finance opened at ₹137.52, marking a discount of 12.96%.
Ahead of its listing, the Grey Market Premium of Laxmi India Finance Ltd stood at ₹0, indicating a flat listing.
Laxmi India Finance IPO Overall Subscription Status
(July 31, 2025, 5 PM)
On Day 3, Laxmi India Finance IPO was subscribed 1.86 times. The public issue was subscribed 2.20 times in the retail category, 1.30 times in QIB, and 1.83 times in the NII category.
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.
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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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