Laxmi India Finance IPO booked 22% so far on day 1: Check price band, lot size, key dates, and more

Laxmi India Finance IPO: The initial public offering of Laxmi India Finance Ltd, an NBFC player, opened for subscription on Tuesday, July 29. The issue will conclude on July 31. The price band has been set at ₹150 to ₹158 per share, and a lot consists of 94 shares.

The Jaipur-based company seeks to raise ₹254.26 crore via fresh issuance of 1.84 crore shares and an offer for sale (OFS) of 56.38 lakh shares by promoters.

The fresh issue proceeds will be used to beef up its capital base to meet future capital needs towards onwards lending and serve general corporate purposes.

Laxmi India Finance IPO: Subscription status

The offer has received bids for 24,38,548 shares compared to 1,13,12,816 shares on offer, leading to 22% subscription until 1:42 pm on the first day of bidding.

Before the IPO, the company raised ₹75.51 crore from anchor investors, including Saint Capital Fund, BNP Paribas Financial Markets—ODI, Cognizant Capital Dynamic Opportunities Fund, Compact Structure Fund, India Max Investment Fund, Rajasthan Global Securities,, and Holani Venture Capital Fund-I.

The company allotted 47.79 lakh shares to 11 funds at ₹158 apiece, which is the upper price band.

Laxmi India Finance IPO: Key dates

The lone book-running lead manager of the issue is PL Capital Markets, while MUFG Intime India is the registrar.

Laxmi India Finance IPO GMP

Laxmi India Finance is a non-deposit-taking NBFC, offering services such as MSME loans, construction loans, vehicle loans, and other lending solutions to customers.

As of March 2025, its assets under management (AUM) grew to ₹1,277 crore from ₹687 crore as of March 2023, representing a compound annual growth rate (CAGR) of over 36%.

The company's revenue from operations rose 42% to ₹246 crore in the fiscal year 2024-25 compared to ₹173 crore a year back, while its profit after tax (PAT) rose 60% to ₹36 crore as against ₹22.5 crore in FY24.