- By Shreyansh Mangla
- Thu, 31 Jul 2025 11:47 AM (IST)
- Source:JND
Laxmi India Finance IPO: Laxmi India Finance IPO subscription opened on Tuesday, July 29, 2025, and it will close on Thursday, July 31, 2025. The IPO of the Jaipur-based firm consists of an issuance of 1.05 crore equity shares and an OFS of 0.56 crore by the promoters.
The IPO proceeded slowly on Day 3 with 99 per cent of the issue booked. The different categories were booked as follows:
QIB: 45 per cent
NII: 67 per cent
Retail: 1.44 times
Employee: 1.10 times
Key details of Laxmi India Finance IPO
The IPO has been issued under a price band of Rs 150 to Rs 158 per share. Its issue size is Rs 254.26 crore, and it has a fresh issue of Rs 165.17 crore. Its OFS (Offer For Sale) amounted to Rs 89.09 crore. The issue was open to the public on July 29, 2025, and its closing date was registered as July 31, 2025. The important dates of allotment and listing are as follows:
Tentative Date of Allotment: August 1, 2025
Tentative Date of Listing: August 5, 2025
Exchanges to be Listed on: BSE, NSE
IPO review
According to Canara Bank Securities data, the company is strategically placed to take advantage of the growth of MSMEs in India, currently operating in just five states, with a significant presence in Rajasthan. Experts advise subscribing to the issue for long-term benefits.
Laxmi India Finance IPO GMP Data:
Laxmi India Finance IPO GMP was trading at Rs 9 in the grey market. Based on this price, Laxmi IPO's estimated listing price of shares is Rs 167 apiece, which is 5.70 per cent higher than the IPO price of Rs 158.
Laxmi India Finance IPO - Quick facts
About the company: Laxmi Finance Incorporated was started in 1996. It is a non-deposit-taking NBFC and offers a variety of financial services such as loans for MSMEs, vehicle financing, construction loans, and other lending services.
Key Risks for Investors: The company recorded negative cash flow from operational activities for the fiscal years 2025, 2024, and 2023, mainly attributable to an increase in loans disbursed and the purchase of investments.