Laxmi India Finance IPO to launch on July 29: From price band, lot size to objectives, key details to consider

Laxmi India Finance IPO: The initial public offering of Laxmi India Finance, a non-banking financial company, will open for public subscription on July 29 and close on July 31. It has announced a price band of ₹150 to ₹158 per share.

The company seeks to raise ₹254.26 crore by issuing 1.05 crore new shares worth ₹165.17 crore and an offer for sale of ₹89.09 crore.

Under the OFS, Deepak Baid, Aneesha Baid, Prem Devi Baid, Deepak Hitech Motors Pvt Ltd, Prem Dealers Pvt Ltd, Preeti Chopra and Rashmi Giria are offloading their stake.

The funds raised will be utilised to augment its capital base to meet future capital requirements towards onwards lending.

Laxmi India Finance IPO: Lot size

A lot consists of 94 shares. Half of the net offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and the pending 15% for non-institutional investors (NIIs).

Laxmi India Finance IPO: Key dates

PL Capital Markets Pvt Ltd is the IPO's book running lead manager, while MUFG Intime India is the registrar.

About

Laxmi India Finance is a non-deposit-taking NBFC, serving the financial needs of underserved customers. As of March 2025, it has 158 branches in rural, semi-urban and urban areas in Gujarat, Madhya Pradesh, Rajasthan, Uttar Pradesh and Chhattisgarh.

Its product portfolio includes MSME loans, construction loans, vehicle loans, and other lending products. Its assets under management grew from ₹686.76 crore in March 2023 to ₹1,277.01 crore as of March 31, 2025, reflecting a CAGR of 36.36%.

It has diversified sources of funding, having access to funds from 47 loan providers, including 8 public sector banks, 10 private banks, 7 small finance banks, and 22 NBFCs and financial institutions.