Laxmi India Finance share price: Stock lists at 13% discount; here's how much investors lost per lot

The stock started trading at ₹136 on the BSE, down 13.92%.

Laxmi India Finance share price: Here's how much investors lost

According to NSE data, the initial share sale secured bids for 2,11,66,544 shares against 1,13,12,816 shares on offer, translating to a 1.87 times subscription.

The part reserved for retail individual investors (RIIs) was subscribed 2.22 times, while the category for non-institutional investors (NIIs) secured 1.84 times subscription. Qualified institutional buyers, or QIBs, quota got subscribed 1.30 times.

The ₹254.26 crore initial share sale was a fresh issuance of 1.04 crore equity shares as well as an offer for sale (OFS) of 56.38 lakh shares by promoters.

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

Fresh issue proceeds will be utilised to augment its capital base to meet future capital needs towards onwards lending and serve general corporate purposes.

Laxmi India Finance is a non-deposit-taking non-banking financial company. Its products include MSME (micro, small and medium enterprises) loans, construction loans, vehicle loans, and other lending solutions to customers.

It has 158 branches in rural, semi-urban, and urban areas in Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, and Uttar Pradesh as of March 2025.

The company has diversified sources of funding and has access to funds from 47 lenders, including 10 private banks, 8 public sector banks, 7 small finance banks, and 22 non-banking financial companies and financial institutions as of March 2025.

Laxmi India Finance posted a 60.28% increase in its profit after tax to ₹36 crore in FY25, compared to ₹22.46 crore a year back.

Its revenue from operations increased 40.37% year-on-year (YoY) to ₹231.31 crore in FY25.