Laxmi India Finance Limited IPO
Laxmi India Finance Limited IPO
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Laxmi India Finance Limited's has transitioned to a publicly listed entity following its IPO debut on 05-08-2025 at the NSE, BSE exchange. The public offering successfully raised 1,60,92,195 Shares, consisting of 1,04,53,575 Sharesin new capital and ₹89.09 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹150 to ₹158 and minimum application size of 94 shares. Market reception was evidenced through subscription activity between 29-07-2025 and 31-07-2025, reflecting investor appetite for the offering.
Allotment of shares was completed on 01-08-2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Laxmi India IPO About Company
Established in 1996, the company is a Non-Banking Financial Company (NBFC) specializing in secured lending across MSME, vehicle, and construction loan segments. It primarily operates in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 139 branches as of September 2024. The company has experienced strong growth, with a customer base of 26,065—reflecting a 78.9% increase since March 2022—and a workforce of 1,252 employees. As of June/September 2024, its loan portfolio is led by MSME loans serving 15,732 active customers, followed by vehicle loans with 6,146 active customers. The company is backed by 43 funding partners, including banks and financial institutions, through term loans and NCDs. Its collection process is supported by a tech-enabled team of 255 members who use real-time tracking for efficient loan recovery.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Laxmi India IPO Strength Factors
- Strong Credit & Risk Control: The company checks borrower history and cash flow to reduce risk in low-served markets.
- Wide Reach in Rural Areas: It serves rural and semi-urban areas using direct and indirect channels to grow in less-covered markets.
- Smart Hub-and-Branch Setup: This setup cuts costs, boosts efficiency, and helps serve customers faster in remote regions.
Laxmi India IPO Risk Factors
- Funding Dependency Risk: The company needs large funds, and any issue in raising money may affect its cash flow and operations.
- MSME Focus Risk: Over 75% income comes from MSMEs, so any slowdown or policy change can hit business growth.
- Regulatory Risk: As an RBI-regulated NBFC, missing any rules can lead to penalties or business restrictions.
Laxmi India IPO Lead Manager(s)
- PL Capital Markets Private Limited
Laxmi India IPO Promoter(s)
- Deepak Baid
- Prem Devi Baid
- Aneesha Baid
- Hirak Vinimay Private Limited
- Deepak Hitech Motors Private Limited
- Prem Dealers Private Limited
- Vivan Baid Family Trust
Laxmi India IPO FAQs
Laxmi India Finance Limited IPO subscribed 1.87 times. The public issue subscribed 2.22 times in the retail category,1.3times in QIB, and 1.82 times in the HNI (10+) category byNovember 24, 2025 10:03:09 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Laxmi India IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Laxmi India IPO FAQs
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