Share Market News / Keep your money ready! You will get a chance to invest in this NBFC's IPO from July 29

Share Market News: Jaipur-based Laxmi India Finance Ltd, a non-banking financial company (NBFC), is going to launch its IPO (Initial Public Offering) on July 29, 2025. The company plans to raise Rs 254.26 crore through this IPO. The company on Wednesday fixed a price band of Rs 150-158 per share for its IPO. The IPO will open on July 29 and close on July 31, 2025.

IPO Details

Laxmi India Finance's IPO is a combination of a fresh issue of 1.84 crore equity shares and an offer for sale (OFS) of 56.38 lakh shares by the promoters. The total size of the IPO is pegged at Rs 254.26 crore at the upper end of the price band (Rs 158 per share).

Floor Price: 30 times the face value of equity shares (Rs 150).

Cap price: 31.60 times the face value (Rs 158).

Lot size: 94 equity shares, and applications in multiples of 94 thereafter.

IPO allocation:

50%: Qualified institutional buyers (QIBs)

15%: Non-institutional investors (NIIs)

35%: Retail investors

Employee reservation: Maximum 1,60,928 equity shares

Where will the company use the funds?

• The company will use the proceeds from the new shares for the following purposes:
• Strengthening the capital base: To meet future capital requirements.
• Meeting debt requirements: For growth and expansion of the company.
• General corporate functions: For operational and other business needs.

Laxmi India Finance: At a Glance

Laxmi India Finance is a non-deposit taking NBFC that offers customers a diversified portfolio of MSME loans, vehicle loans, construction loans, and other financial solutions. By March 2025, the company's assets under management (AUM) reached Rs 1,277 crore with an annual growth rate (CAGR) of 36% from Rs 687 crore in March 2023.

The company's operational network extends to 158 branches across rural, semi-urban, and urban areas of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. The company is playing a vital role in providing financial support to small and medium enterprises.

Grey Market Premium (GMP) of IPO

The GMP of Laxmi India Finance IPO is currently Rs 0. Since the IPO is still some time away, investors should keep an eye on its price in the grey market. GMP may change in the coming days, so it is important to be cautious before investing.

Is this IPO right for you?

Laxmi India Finance's IPO can be attractive for investors looking to invest in the NBFC sector. The company's strong AUM growth, diverse product portfolio, and wide branch network make it an attractive option. However, it is important to analyze the IPO's GMP, financial performance, and market conditions before investing.