The Jaipur-based Laxmi India Finance opens to the public today in a price band of ₹150-158 per share. The IPO will conclude on July 31.
The ₹254.26-crore IPO is a combination of a fresh issue of 1.84 crore equity shares and an offer-for-sale of 56.38 lakh shares by the promoters.
As part of the IPO, Laxmi India Finance Ltd on Monday raised over ₹75 crore from anchor investors by allotting 47.79 lakh equity shares to 11 funds at ₹158 apiece
This anchor portion saw participation from institutional investors, including Saint Capital Fund, BNP Paribas Financial Markets — ODI, Compact Structure Fund, Cognizant Capital Dynamic Opportunities Fund, India Max Investment Fund, Holani Venture Capital Fund-I and Rajasthan Global Securities.
Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes.
Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers.
As of March 2025, the company’s assets under management (AUM) increased to ₹1,277 crore from ₹687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in the volume of its loans and strengthened branch network.
Its operational network spans across 158 branches in of the rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh as of March 2025.
The NBFC player’s revenue from operations increased 42 per cent to ₹246 crore in FY25, against ₹173 crore in the preceding fiscal year, while its profit-after-tax rose 60 per cent to ₹36 crore, compared to ₹22.5 crore during the period.
PL Capital Markets is the sole book-running lead manager to the public issue.
Published on July 29, 2025
