LAXMI INDIA FINANCE IPO is a fully book-built public offering with a total issue size of approximately ₹254.26 crores. The IPO consists of a fresh issue of 1.04 crore shares and an offer-for-sale of 56,38,620 shares, bringing the total to 1.6038 crore shares.
The LAXMI INDIA FINANCE IPO will open for subscription on July 29, 2025 and close on July 31, 2025. Anchor investors will participate through bidding on July 28, 2025.
The allotment for the LAXMI INDIA FINANCE IPO is expected to be finalized by August 1, 2025. Refunds and share credit to demat accounts will be completed by August 4, 2025.
The shares of LAXMI INDIA FINANCE IPO are proposed to be listed on both BSE and NSE, with the tentative listing date set for August 5, 2025.
The price band for the LAXMI INDIA FINANCE IPO is fixed at ₹150 to ₹158 per share. The minimum lot size for retail investors is 94 shares, amounting to an investment of ₹14,852.
The IPO registrar is Link Intime India Private Limited, while the lead book-running manager is PL Capital Markets Private Limited.
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IPO Schedule
| IPO Open Date | Tuesday, 29 Jul, 2025 |
|---|---|
| IPO Close Date | Thursday, 31 Jul, 2025 |
| IPO Allotment Date | Friday, 01 Aug, 2025 |
| Refund Initiation | Monday, 04 Aug, 2025 |
| Share credit in Demat | Monday, 04 Aug, 2025 |
| Listing Date | Tuesday, 05 Aug, 2025 |
Key Details
| Price Band | ₹150 to ₹158 Per Share |
|---|---|
| Lot Size | 94 Shares |
| Face Value | ₹5 Per Equity Share |
| Total Issue Size | 16,092,195 Shares |
| Fresh Issue | 10,453,575 Shares |
| OFS Issue | 5,638,620 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE ( BSE ) and NSE ( NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | 14,852 |
| Retail (Max) | 13 | 1222 | 193,076 |
| S-HNI (Min) | 14 | 1316 | 207,928 |
| S-HNI (Max) | 67 | 6298 | 995,084 |
About Laxmi India Finance Limited Company
Laxmi India Finance Limited (LIFL), established in 1996 and headquartered in Jaipur, Rajasthan, is a non-deposit taking NBFC providing financial solutions to underserved customers. LIFL operates across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with 139 branches as of September 30, 2024. The company intends to expand its branch network to enhance its reach.
LIFL offers a diverse product portfolio, including MSME loans, vehicle loans, construction loans, and other loans. As of June 30, 2024, Assets Under Management (AUM) reached ₹103.55 crore, with MSME and vehicle loans contributing 75.49% and 17.46%, respectively. LIFL has shown substantial customer growth with 26,065 customers as of June 30, 2024, including 15,732 active MSME and 6,146 active vehicle loan customers. This represents a 78.92% increase from March 2022.
Key highlights of LIFL's financial performance include:
- Asset Quality: GNPA of 0.73% and NNPA of 0.33% for FY24
- AUM Growth: AUM growth of 39.98% in FY24, reaching ₹961.37 crore.
- Operational Efficiency: Operating expense per branch is ₹44 Lakh, showcasing cost efficiency.
- Net Worth: Net worth of ₹201.22 crore in FY24.
LIFL has strategically expanded its branch network, from 93 branches as of March 31, 2022, to 135 branches as of June 30, 2024.
LIFL's commitment to strong risk management and a healthy loan book, combined with operational efficiency and extensive reach in Rajasthan, positions it well within its peer group.
Laxmi India Finance Limited Financial Details
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | 1130.99 | 984.85 | 778.71 | 558.43 |
| Total Revenue / Total Income | - | 175.02 | 130.67 | 98.25 |
| Profit After Tax | - | 22.47 | 15.97 | 14.65 |
| Net Worth | 208.35 | 201.22 | 152.33 | 126.19 |
| Reserves and Surplus | 188.49 | 181.87 | 134.23 | 110.75 |
| Total Borrowings | 898.06 | 766.68 | 615.49 | 411.36 |
₹ In Crore
Key Performance Indicator
| ₹6.11 | 12.80% | ₹101.30 | Data not available | Data not available | Data not available |
Offer Objectives
The Offer comprises a fresh issue of up to 10,453,575 Equity Shares, aggregating up to ₹[●] million and an Offer for Sale of up to 5,638,620 Equity Shares, aggregating up to ₹[●] million by the Selling Shareholders.
Promoter Shareholding: As of the Draft Red Herring Prospectus date, the promoters collectively hold 36,703,004 shares, representing 87.78% of the pre-offer shareholding. Key promoters include Deepak Baid (17.66%), Prem Devi Baid (3.38%), Aneesha Baid (5.41%), Hirak Vinimay Private Limited (52.01%) and Deepak Hitech Motors Private Limited (6.70%).
Offer Proceeds: The company aims to utilize the net proceeds from the Fresh Issue towards augmenting its capital base for future lending and general corporate purposes, with the latter not exceeding 25% of the gross proceeds. The estimated deployment includes capital base augmentation and general corporate needs.
ESOS 2023: The Company has implemented an Employee Stock Option Scheme (ESOS 2023), comprising 2,090,000 employee stock options. As of the DRHP date, 786,566 options have been granted with 774,240 outstanding and no options have been vested or exercised.
The Net Proceeds from the Fresh Issue are proposed to be used to meet the future capital requirements towards onward lending and General corporate purposes. The funds are proposed to be deployed in accordance with the estimated schedule of implementation.
Company Details
Address:
2 DFL, Gopinath Marg , MI Road, Jaipur - 302001, Rajasthan, India
Phone: +91 9773376198
Email: [email protected]
Website: http://www.lifc.co.in
IPO Registrar Details
LINK INTIME INDIA PRIVATE LIMITED
Phone: +91 810 811 4949
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- PL CAPITAL MARKETS PRIVATE LIMITED
