Laxmi India Finance IPO is a book-built IPO with a total issue size of โน254.26 crore. The offering consists of a fresh issue of 1.05 crore equity shares aggregating to โน165.17 crore, along with an offer for sale (OFS) of 0.56 crore shares worth โน89.09 crore.
The Laxmi India Finance IPO will open for subscription on July 29, 2025, and will close on July 31, 2025. The IPO allotment is likely to be finalized on Friday, August 1, 2025, with tentative listing scheduled on Tuesday, August 5, 2025, on both the BSE and NSE.
The price band for the Laxmi India Finance IPO is set between โน150 to โน158 per share. The minimum application lot size is 94 shares, which means a retail investor would need to invest โน14,100 at the upper price band. For sNII (small non-institutional investors), the minimum investment is 14 lots (1,316 shares) costing โน2,07,928, while bNII (big non-institutional investors) must apply for at least 68 lots (6,392 shares) with an investment amounting to โน10,09,936.
If you’re tracking upcoming issues, the Laxmi India Finance IPO is one of the most talked-about IPOs this July due to its strong rural lending presence and expansion plans.
Laxmi India Finance IPO Details
| General | Detail |
|---|---|
| IPO Date | July 29, 2025 to July 31, 2025 |
| Listing Date | [.] |
| Face Value | โน5 per share |
| Issue Price Band | โน150 to โน158 per share |
| Lot Size | 94 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,60,92,195 shares (aggregating up to โน254.26 Cr) |
| Fresh Issue | 1,04,53,575ย shares (aggregating up to โน165.17ย Cr) |
| Offer for Sale | 56,38,620 shares of โน5 (aggregating up to โน89.09 Cr) |
| Issue Type | Bookbuildingย IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,18,14,300ย shares |
| Share Holding Post Issue | 5,22,67,875 shares |
Laxmi India Finance IPO Timeline
Laxmi India Finance IPO opens on July 29, 2025, and closes on July 31, 2025.
| IPOย Timeline | Dates |
|---|---|
| IPO Open Date | Tue, Jul 29, 2025 |
| IPO Close Date | Thu, Jul 31, 2025 |
| Tentative Allotment | Fri, Aug 1, 2025 |
| Initiation of Refunds | Mon, Aug 4, 2025 |
| Credit of Shares to Demat | Mon, Aug 4, 2025 |
| Tentative Listing Date | Tue, Aug 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 31, 2025 |
Laxmi India Finance IPO Lot Size
In the Laxmi India Finance IPO, investors can bid for a minimum of 94 shares and in multiples thereafter. The table below shows the investment range for retail and HNI investors in this IPO.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | โน14,852 |
| Retail (Max) | 13 | 1,222 | โน1,93,076 |
| S-HNI (Min) | 14 | 1,316 | โน2,07,928 |
| S-HNI (Max) | 67 | 6,298 | โน9,95,084 |
| B-HNI (Min) | 68 | 6,392 | โน10,09,936 |
Laxmi India Finance IPO Promoter Holding
The Laxmi India Finance IPO is backed by promoters Deepak Baid, his family, and group entities including Hirak Vinimay and Vivan Baid Family Trust.
| Share Holding Pre Issue | 89.05% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Laxmi India Finance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 2 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
About Laxmi India Finance IPO
Laxmi India Finance Ltd., established on May 10, 1996, in Jaipur, Rajasthan, is a fast-growing NBFC (Non-Banking Financial Company) with a sharp focus on rural and semi-urban lending. Promoted by the Baid family, the company began its operations by offering two-wheeler loans and gradually diversified into MSME and personal loans. This strong foundation is now propelling it toward its debut via the Laxmi India Finance IPO.
Over nearly three decades, the company has expanded its footprint across four major statesโRajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh. It now operates more than 150 branches and serves over 26,000 customers. The majority of its loan book is secured and qualifies under Priority Sector Lending (PSL), which strengthens its presence in underserved regions and adds appeal to the upcoming IPO.
As of FY 2025, Laxmi India Finance Ltd. has reported total assets worth โน1,412.52 crore, revenue of around โน248 crore, and EBITDA of โน163.88 crore. The company also posted a profit after tax (PAT) of nearly โน36 crore. With healthy profit margins and steady asset growth, the Laxmi India Finance IPO stands on a strong financial foundation that appeals to both retail and HNI investors.
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The company’s key promoters include Deepak Baid, Prem Devi Baid, Aneesha Baid, and related group entities such as Hirak Vinimay Pvt. Ltd. and Vivan Baid Family Trust. Their combined industry experience and strategic leadership have helped scale the business. The upcoming IPO will further strengthen the company’s capital base and accelerate its growth across newer geographies.
Products
- MSME Loans โ Secured loans for small business needs
- Vehicle Finance โ Two-wheeler, tractor, and commercial vehicle loans
- Construction Loans โ Housing and small builder loans
- Personal Loans โ Unsecured loans for individual and emergency use
Competitive Strengths
- Strong rural and semi-urban reach with 80%+ PSL-qualified lending
- Robust EBITDA margin (~66%) and PAT margin (~14.6%)
- 25+ years of consistent operational performance
- Promoter experience backed by a solid governance structure
- Efficient branch network of 150+ locations with digital integration
Key Offerings
- Customized MSME financing for micro-businesses
- Affordable vehicle and home construction loans
- Simple and fast application processing
- Competitive interest rates across products
- Asset-based lending under a non-deposit-taking NBFC model
Company Financials
Laxmi India Finance Ltd. Financial Information
Laxmi India Finance Ltd.’s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,412.52 | 984.85 | 778.71 |
| Revenue | 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 |
| Amount in โน Crore | |||
Key Performance Indicator (KPI)
The estimated market capitalization of Laxmi India Finance IPO stands at โน825.83 crore.
| KPI | Values |
|---|---|
| Debt/Equity | 4.42 |
| RoNW | 13.95% |
| PAT Margin | 14.48% |
| EBITDA Margin | 66.07% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.61 | 6.89 |
| P/E (x) | 18.35 | 22.94 |
- Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as mentioned in the RHP and the latest financial year earnings as of March 31, 2025.
- The Post-Issue EPS is derived using the post-issue shareholding structure and the annualized FY earnings for the same period, as disclosed in the RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (โน in crores) |
|---|---|---|
| 1 | Augmentation of the capital base to meet the future capital requirements towards onward lending | 143.00 |
Laxmi India Finance IPO Contact Details
Laxmi India Finance Ltd. Contact Details
- 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 Registrar
- MUFG Intime India Private Limited (Link Intime)
- Phone: +91-22-4918 6270
- Email: laxmifinance.ipo@linkintime.co.in
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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