Laxmi India Finance IPO
Laxmi India Finance IPO — date, price band, lot size & details 2025
Laxmi India Finance listed on 5 Aug 2025 at ₹137.52, 13% below the ₹158 issue price.
Laxmi India Finance is a non-deposit taking NBFC focused on MSME and vehicle loans. It had 158 branches in five states and assets under management of Rs 1,277.02 crore on 31 March 2025.
Stock price
Laxmi India Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 29 Jul 2025
- Close 31 Jul 2025
- Allotment 01 Aug 2025
- Refund/credit 04 Aug 2025
- Listing 05 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 to 31 Jul, 2025 |
|---|---|
| Price Band | ₹150 – ₹158 |
| Face Value | ₹5 |
| Lot Size | 94 Shares |
| Issue Size | ₹254.26 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,852 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 94 shares at the ₹158 cut-off. Drag to size your application.
| Application | 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 130.67 crore in FY2023 to Rs 248.04 crore in FY2025.
- 02Profit after tax rose from Rs 15.97 crore in FY2023 to Rs 36.01 crore in FY2025.
- 03Assets under management stood at Rs 1,277.02 crore on 31 March 2025.
- 04The company had 158 branches across 5 states on 31 March 2025.
- 05Rs 151.59 crore of the proceeds was for raising the capital base.
Risks · 7
- 01Total borrowing was Rs 1,137.06 crore on 31 March 2025, more than four times net worth of Rs 257.47 crore.
- 02Debt to equity was 4.42 on the figures at the source.
- 03MSME loans made up 76.34% of assets under management, which concentrates lending in one segment.
- 04Operations are limited to 5 states, led by Rajasthan.
- 05Rs 89.09 crore of the issue was offer for sale and did not reach the company.
- 06Shares listed at Rs 137.52 against the issue price of Rs 158.
- 07Promoters held 89.05% before the issue and held 60.45% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Laxmi India Finance offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,412.52 | 984.85 | 778.71 |
| Total Income | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Laxmi India Finance RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Laxmi India Finance IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.61 | ₹6.89 |
| P/E Ratio (x) | 18.35 | 22.94 |
| Market Cap at Offer Price (₹ Cr) | ₹660.81 | ₹825.77 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹158 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹172.50 Cr of the issue is earmarked to named objects.
Laxmi India Finance IPO Anchor Investors
11 anchor investors across 11 fund houses committed ₹75.51 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Sanshi Fund-I | Sanshi | 1,265,898 | 20.00 | 26.49% |
| Saint Capital Fund | Saint Capital | 474,700 | 7.50 | 9.93% |
| BNP Paribas Financial Markets-Odi | BNP Paribas | 443,116 | 7.00 | 9.27% |
| Mint Focused Growth Fund Pcc-Cell 1 | Mint Focused | 379,760 | 6.00 | 7.95% |
| Compact Structure Fund | Compact Structure Fund | 316,498 | 5.00 | 6.62% |
| Cognizant Capital Dynamic Opportunities Fund | Cognizant | 316,498 | 5.00 | 6.62% |
| India Max Investment Fund Ltd. | India Max Investment Fund Ltd. | 316,498 | 5.00 | 6.62% |
| Vijit Growth Fund | Vijit Growth | 316,498 | 5.00 | 6.62% |
| Holani Venture Capital Fund-I | Holani Venture | 316,498 | 5.00 | 6.62% |
| Rajasthan Global Securities Pvt.ltd. | Rajasthan Global Securities | 316,917 | 5.01 | 6.63% |
| Meru Investment Fund Pcc-Cell 1 | Meru Investment | 316,498 | 5.00 | 6.62% |
| Total anchor allocation | 75.51 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
On 31 March 2025 it had 158 branches in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Assets under management stood at Rs 1,277.02 crore, with MSME loans at 76.34% and vehicle loans at 16.12%.
The customer base was 35,568 on that date, including 18,596 active MSME customers and 12,423 active vehicle loan customers.
The IPO was Rs 254.26 crore, with Rs 165.17 crore of fresh issue and Rs 89.09 crore of offer for sale. Rs 151.59 crore was planned for raising the capital base.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Laxmi India Finance IPO Documents
Read the filings this page is built from.
Company contact
Frequently asked
What is the GMP of Laxmi India Finance?
The current Grey Market Premium is ₹2, or 1% over the issue price.
What is the Laxmi India Finance IPO price band?
₹150 to ₹158, on a face value of ₹5.
When is the allotment?
The basis of allotment is 1 August 2025, with listing on 5 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
