Laxmi India Finance IPO is scheduled to open on July 29, 2025, and will close on July 31, 2025. The basis of allotment will be finalized on August 1, 2025. Refunds will be processed by August 4, and shares will be credited to investors’ demat accounts on the same day. The IPO is expected to list on BSE and NSE on August 5, 2025.
Laxmi India Finance IPO is a book-built issue worth ₹254.26 crores, which includes a fresh issue of 1.05 crore equity shares aggregating to ₹165.17 crores and an offer for sale of 56.38 lakh shares worth ₹89.09 crores. The price band for the IPO is ₹150 to ₹158 per share.
For retail investors, the lot size is 94 shares, and the minimum investment amount comes to ₹14,100. For sNII investors, the minimum is 14 lots (1,316 shares) requiring an investment of ₹2,07,928, while bNII investors must apply for 68 lots (6,392 shares) amounting to ₹10,09,936. The IPO quota is divided as follows: QIB – 50%, Retail – 35%, and HNI – 15%.
Looking at the financials, the company reported a revenue of ₹248.04 crores in FY2025 compared to ₹175.02 crores in FY2024. The net profit also grew to ₹36.01 crores in 2025 from ₹22.47 crores in 2024. Based on this strong growth, experts suggest this IPO is a good opportunity for long-term investors.
Overview of Contents
About Laxmi India Finance IPO
Laxmi India Finance Limited, established in 1996, is a well-known Non-Banking Financial Company (NBFC) that supports small businesses and entrepreneurs through its various lending services. The company mainly offers MSME loans, vehicle loans, and construction loans, helping many first-time borrowers grow their businesses. As of March 31, 2025, it has served 35,568 customers, out of which 18,596 are active MSME and 12,423 are active vehicle loan customers, showing a 48.78% growth from the previous year. The company’s Asset Under Management (AUM) reached ₹1,277 crore, with MSME loans contributing over 76% and vehicle loans about 16%.
Laxmi India has a strong network of 158 branches spread across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with the highest presence in Rajasthan. It gets funding support from 47 lenders, including public and private sector banks, small finance banks, and NBFCs. The company uses advanced digital tools to monitor loan repayments and defaults in real-time through a special mobile app, handled by its team of 255 people.
Its main strengths include a strong focus on MSME finance, diversified funding sources, and a robust credit and risk management system. With a hub-and-branch model, it keeps operations cost-effective and reaches deeply into semi-urban and rural areas. Backed by an experienced management team and good governance practices, Laxmi India Finance is well-positioned for long-term growth.
Laxmi India Finance IPO Overview
| Component | Details |
|---|---|
| IPO Category | Fresh Capital + Offer for Sale |
| Exchange Listing | BSE and NSE |
| Face Value per Share | ₹5 |
| IPO Price Band | ₹150 to ₹158 per share |
| Minimum Lot Size | 94 Shares |
| Retail Investment (Min) | ₹14,100 |
| Issue Type | Book Building Issue |
| Offer Structure | Fresh Issue + Offer for Sale (OFS) |
| Total Issue Size | 1,60,92,195 shares (Approx ₹254.26 Cr) |
| Fresh Issue Quantity | 1,04,53,575 shares (Approx ₹165.17 Cr) |
| Offer for Sale (OFS) | 56,38,620 shares (Approx ₹89.09 Cr) |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Pre-Issue Shareholding | 4,18,14,300 shares |
| Post-Issue Shareholding | 5,22,67,875 shares |
Laxmi India Finance IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Laxmi India Finance IPO Dates
| Event | Date (Weekday) |
|---|---|
| IPO Open Date | July 29, 2025 (Tuesday) |
| IPO Close Date | July 31, 2025 (Thursday) |
| Basis of Allotment | August 1, 2025 (Friday) |
| Refund Initiation | August 4, 2025 (Monday) |
| Credit to Demat Account | August 4, 2025 (Monday) |
| Listing Date on BSE & NSE | August 5, 2025 (Tuesday) |
Laxmi India Finance IPO Lot Size
Investors can apply for a minimum of 94 shares (1 lot) and in multiples thereafter. The table below shows the minimum and maximum investment allowed for Retail, Small HNI (s-HNI), and Big HNI (b-HNI) categories:
| Category | Lots | Shares | Amount |
|---|---|---|---|
| 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 |
Objects of the Issue
- Augmentation of our capital base to meet our future capital requirements towards onward lending
Laxmi India Finance IPO – Peer Group Comparison
| Company Name | Total Income (₹ Cr) | Net Asset Value (₹) | EPS (₹) | P/E Ratio (x) | Return on Net Worth (%) |
|---|---|---|---|---|---|
| Five Star Business Finance Ltd. | 2,866.02 | 214.13 | 36.61 | 20.62 | 18.60% |
| MAS Financial Services Ltd. | 1,520.45 | 142.50 | 17.48 | 16.97 | 14.71% |
| Ugro Capital Ltd. | 1,441.85 | 222.57 | 15.68 | 11.65 | 8.68% |
| SBFC Finance Ltd. | 1,306.75 | 29.40 | 3.21 | 34.38 | 11.39% |
| CSL Finance Ltd. | 216.04 | 241.21 | 31.64 | 10.56 | 14.18% |
| Moneyboxx Finance Ltd. | 199.23 | 79.85 | 0.39 | 476.67 | 0.53% |
| AKME Fintrade (India) Ltd. | 102.72 | 89.56 | 8.28 | 0.94 | 11.09% |
Laxmi India Finance IPO Financial Performance
| Financial Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Total Assets | 1,412.52 | 984.85 | 778.71 |
| Revenue from Operations | 248.04 | 175.02 | 130.67 |
| Profit After Tax (PAT) | 36.01 | 22.47 | 15.97 |
| EBITDA | 163.88 | 114.59 | 85.96 |
| Net Worth | 257.47 | 201.22 | 152.33 |
| Reserves & Surplus | 236.99 | 181.87 | 134.23 |
| Total Borrowings | 1,137.06 | 766.68 | 615.49 |
Laxmi India Finance IPO GMP
- To be Updated Soon
Laxmi India Finance IPO – Valuation Summary (FY2025)
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) – Basic | ₹8.78 |
| EPS (Pre-IPO / Post-IPO) | ₹8.61 / ₹6.89 |
| Price to Earnings (P/E) Ratio | 18.35x / 22.94x (Pre/Post) |
| Return on Net Worth (RoNW) | 15.66% |
| RoNW (Alternative Value) | 13.95% |
| Net Asset Value (NAV) | ₹61.57 |
| Price to Book Value | 2.57 |
| Debt-to-Equity Ratio | 4.42 |
| PAT Margin | 14.48% |
| EBITDA Margin | 66.07% |
| Return on Equity (ROE) | – |
| Return on Capital Employed (ROCE) | – |
Laxmi India Finance IPO Review
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Laxmi India Finance IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: laxmifinance.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Laxmi India Finance Ltd.
2 DFL,
Gopinath Marg,
MI Road,
Jaipur, Rajasthan, 302001
Phone: +91 9773376198
Email: investors@lifc.in
Website: http://www.lifc.co.in/
Laxmi India Finance IPO FAQs
What is the opening and closing date of Laxmi India Finance IPO?
Laxmi India Finance IPO will open on July 29, 2025 and close on July 31, 2025.
What is the price band of Laxmi India Finance IPO?
The IPO price band is set at ₹150 to ₹158 per equity share.
What is the minimum lot size for Laxmi India Finance IPO?
The minimum lot size is 94 shares, and the minimum investment for retail investors is ₹14,852.
What is the total issue size of Laxmi India Finance IPO?
The IPO aims to raise around ₹254.26 crore, including a fresh issue of ₹165.17 crore and an offer for sale of ₹89.09 crore.
When will the allotment for Laxmi India Finance IPO be finalized?
The allotment is expected to be finalized on August 1, 2025.
When will shares be credited to demat accounts?
Shares will be credited to successful investors’ demat accounts on August 4, 2025.
What is the expected listing date of Laxmi India Finance IPO?
Laxmi India Finance IPO is likely to be listed on August 5, 2025 on BSE and NSE.
What is the face value of Laxmi India Finance shares?
The face value of each equity share is ₹5.