Laxmi India Finance IPO
Bookbuilding IPO | ₹254.00 Cr | Listing at BSE, NSE
Closed
LAXMIINDIA
GMP: 0.00
IPO Open
Tue, Jul 29, 2025
IPO Close
Thu, Jul 31, 2025
Price Band
₹150.00 to ₹158.00
Market Cap (Pre-IPO)
₹825.83 Cr
IPO Details
| IPO Date | Jul 29, 2025 to Jul 31, 2025 |
| Listing Date | Tentative: Aug 05, 2025 |
| Face Value | ₹5.00 per share |
| Price Band | ₹150.00 to ₹158.00 |
| Lot Size | 94 Shares (Minimum: ₹14,852.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹254.00 Crores |
| Total Shares Offered | 16,092,195 shares |
| Fresh Issue | 10,453,575 shares |
| Offer For Sale | 5,638,620 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.30x |
| NII | 1.83x |
| RII | 2.20x |
| Total | 1.86x |
Laxmi India Finance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 79,65,632 (49.50%) |
| Retail Shares Offered | 55,75,944 (34.65%) |
| NII Shares Offered | 23,89,691 (14.85%) |
Laxmi India Finance IPO Lot Size
Investors can bid for a minimum of 94 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,852 |
| Retail (Max) | 13 | 1,222 | ₹193,076 |
| S-HNI (Min) | 14 | 1,316 | ₹207,928 |
| S-HNI (Max) | 67 | 6,298 | ₹995,084 |
| B-HNI (Min) | 68 | 6,392 | ₹1,009,936 |
Laxmi India Finance Financial Information (Restated Consolidated)
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 |
| Total Income | 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 ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 4.42 |
| RoNW (Return on Net Worth) | 13.95% |
| PAT Margin (Profit After Tax 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 |
| Promoter Holding | 89.05% | 60.45% |
Company Promoters
- Deepak Baid
- Prem Devi Baid
- Aneesha Baid
- Hirak vinimay Private Limited
- Deepak Hitech Motors Private Limited
- Prem dealers Private Limited and Vivan Baid Family Trust are the promoters of the company.
Company Overview
Incorporated in 1996, Laxmi India Finance Limited is engaged in the business of Non Banking Financial Company.
The company offers MSME loans, vehicle loans, construction loans, and other lending products, supporting small businesses and entrepreneurs, with over 80% of MSME loans qualifying as Priority Sector Lending.
Offerings:
- MSME Finance: The company provides secured loans against residential or commercial property for MSMEs, with loan amounts ranging from ₹0.05 million to ₹2.5 million, an LTV ratio of 65%, and tenure up to 84 months.
- Vehicle Finance:The company offers secured vehicle loans for personal and commercial use, including financing for commercial vehicles (up to ₹1.5 million), two-wheelers (up to ₹0.15 million), and tractors (up to ₹0.7 million).
- Construction Loans: The company offers secured loans to retail customers against residential or commercial property for construction or renovation, with loan amounts up to ₹2.5 million, interest rates between 18%-28%, and a tenure of up to 84 months.
Key Facts as of March 31, 2025
- Asset Under Management (AUM): Rs 12,770.18 million in 2025 with MSME and Vehicle loan accounted for 76.34% and 16.12% respectively.
- Customer base: 35,568 customers including 18,596 active MSME customers and 12,423 active vehicle loan customers with 48.78% growth from 23,906 customers as on March 31, 2024. 37.10% of its customer base include first-time borrowers.
- Branch network: 158 branches from 135 branches as of March 31, 2024. The company has branches across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with the highest number of branches in Rajasthan.
- Accessed funds from 47 lenders – 8 public sector banks, 10 private banks, 7 small finance banks, and 22 NBFCs.
Company Strengths
- Focus on MSME financing
- Access to diversified sources of capital and effective cost of funds
- Comprehensive credit assessment, underwriting and risk management framework
- Deeper regional penetration in semi-urban and rural areas supported by a mix of direct and indirect sourcing channels
- Our Hub and Branch model streamlines operations, reduces costs, and increases customer accessibility, driving business growth and market expansion
- Experienced management with good corporate governance practices.
Use of Proceeds
| 1) | Augmentation of the capital base to meet the future capital requirements towards onward lending | 151.59 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Laxmi India Finance IPO Peer Comparison
Laxmi India Finance peer comparison with similar listed entities. (As on March 28, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Laxmi India Finance Limited | 8.78 | 8.78 | 61.57 | 17.99 | 15.66 | 2.57 | - |
| Mas Financial Services LtdMas Financial Services Ltd | 17.48 | 17.48 | 142.50 | 16.97 | 14.71 | 2.08 | - |
| Five Star Business Finance | 36.61 | 36.50 | 214.13 | 20.62 | 18.60 | 3.52 | - |
| SBFC Finance Limited | 3.21 | 3.15 | 29.40 | 34.38 | 11.39 | 3.68 | - |
| Ugro Capital Ltd | 15.68 | 14.71 | 222.57 | 11.65 | 8.68 | 0.77 | - |
| Csl Finance Ltd | 31.64 | 31.29 | 241.21 | 10.56 | 14.18 | 1.37 | - |
| Akme Fintrade (India) Limited | 8.28 | 8.28 | 89.56 | 0.94 | 11.09 | 0.09 | - |
| Moneyboxx Finance Ltd | 0.39 | 0.39 | 79.85 | 476.67 | 0.53 | 2.33 | - |
Quick Info
| Sector | Financial |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹825.83 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jul 29, 2025 |
| IPO Close | Jul 31, 2025 |
| Allotment Date | Aug 01, 2025 |
| Credit to Demat | Aug 04, 2025 |
| Listing Date | Tentative: Aug 05, 2025 |
Lead Manager(s)
PL Capital Markets Pvt.Ltd.
Registrar
Description
- Laxmi India Finance IPO is a book build issue of ₹254.26 crores. The issue is a combination of fresh issue of 1.05 crore shares aggregating to ₹165.17 crores and offer for sale of 0.56 crore shares aggregating to ₹89.09 crores.
- Laxmi India Finance IPO bidding started from Jul 29, 2025 and ended on Jul 31, 2025. The allotment for Laxmi India Finance IPO was finalized on Aug 1, 2025. The shares got listed on BSE, NSE on Aug 5, 2025.
- Laxmi India Finance IPO price band is set at ₹158.00 per share . The lot size for an application is 94. The minimum amount of investment required by an retail is ₹14,100 (94 shares). The lot size investment for sNII is 14 lots (1,316 shares), amounting to ₹2,07,928, and for bNII, it is 68 lots (6,392 shares), amounting to ₹10,09,936.