As an investor, deciding whether to apply for or not for an IPO can often be challenging. If you are confused and worried about whether to Apply or Not the Laxmi India Finance IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Laxmi India Finance IPO review which will help you to make the decision.
Strengths and Weaknesses of Laxmi India Finance IPO
Strengths:
- Laxmi India Finance is one of the leading companies that has access to multiple sources of capital and an effective cost of funds.
- The company has shown a strong presence in semi-urban and rural areas using both direct and indirect channels to reach more customers.
- The company runs its business smoothly, all due to the hard work of its Promoters, and its Senior Management includes experienced professionals and industry experts.
- Laxmi India’s Hub and Branch model makes our operations more efficient, lowers costs, and improves customer access, helping them grow their business and reach more markets.
Weaknesses:
- The company runs its business smoothly with a need for a large amount of capital. If any disturbance or delay happens in gathering the funding on good terms can badly impact the company’s financial performance, cash flow, and overall condition.
- Laxmi India offers its services to micro, small, and medium enterprises (MSMEs). If any changes happen in this sector or government policies can badly impact the business, cash flow, and overall condition.
- The company must follow certain terms and conditions under the loan agreement. If unable to meet these conditions, it can result withdrawal of the credit facilities, or we might have to repay the loans earlier can impact the overall business.
- The company generates most of its revenue with mid to low-income customers in rural and semi-urban parts of India, which are affected by tough economic conditions. If these customers are unable to repay on time can badly impact the business, overall performance, and cash flow.
Details of Laxmi India Finance IPO
| IPO Size | ₹254.26 crores |
| Offer-for-sale | up to 56,38,620 equity shares |
| Fresh issue | ₹165.17 crores |
| Price band | ₹150 to ₹158 |
| Subscription | Opens on July 29, 2025, and the closing date is July 31, 2025 |
| Purpose of IPO | Fresh Issue and Offer-for-Sale |
Laxmi India Finance IPO Open and closing date?
The opening date of Laxmi India Finance IPO is July 29, 2025, and the closing date is July 31, 2025.
What is the size of the Laxmi India Finance IPO?
Laxmi India Finance decided to raise around ₹254.26 crores through an IPO. This IPO is entirely a fresh issue of ₹165.17 crores and an Offer-for-sale up to 56,38,620 equity shares, with a face value of ₹5 each.
What are the subscription details of the Laxmi India Finance IPO?
Laxmi India Finance IPO price band is set at ₹150 to ₹158 per share. In this IPO, a total of 94 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 1,222 shares in 13 lot sizes were available. For the S-HNI Minimum category, 1,316 shares were available in 14 lot sizes. While for the B-HNI Minimum category 6,392 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,852 and maximum investment of ₹1,93,076.
- Small HNI (S-HNI): Minimum investment of ₹2,07,928.
- Big HSI (S-HNI): A minimum investment of ₹10,09,936 is required.
What is the Laxmi India Finance IPO listing Date?
Laxmi India Finance is a Mainboard IPO whose shares will be listed on August 5, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Laxmi India Finance IPO Issue?
The main reason behind raising funds via a fresh issue is to strengthen its capital base to support our future funding needs for onward lending. Lastly, the remaining funds will be utilized for the company’s general corporate purposes.
About Laxmi India Finance
Incorporated in 1996, Laxmi India Finance Limited is one of the growing companies engaged in the business of a Non-Banking Financial Company. Laxmi India is involved in providing MSME loans, vehicle loans, construction loans, and other lending products to small businesses and entrepreneurs. As of June 30, 2024, the company comprises 26,065 customers, including 15,732 active MSMEs and 6,146 active vehicle loan customers. As of September 30, 2024, the company includes a team of 255 people who use a special app to track repayments, loan defaults, and overdue payments in real-time. As of September 30, 2024, the company includes 139 branches in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh.
Laxmi India Finance Financials
The company reported revenue of ₹248.04 crores in 2025 against ₹175.02 crores in 2024. The company reported a profit of ₹36.01 crores in 2025 against a profit of ₹22.47 crores in 2024.
Laxmi India Finance IPO 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.
Who are the Laxmi India Finance IPO lead managers and registrar?
PL Capital Markets Private Limited is Laxmi India Finance’s lead manager, while MUFG Intime India Private Ltd is the company’s registrar.
Should you Apply or not for the Laxmi India Finance IPO?
Laxmi India Finance is one of the leading non-banking financial companies, is aiming to raise ₹254.26 crores through an IPO that includes both fresh issuance (₹165.17 crore) and an offer‑for‑sale by existing shareholders (₹89.09 crore). The price band is set at ₹150 to ₹158 per share.
The company’s portfolio comprises MSME loans, vehicle loans, construction loans, and other lending products serving the diverse needs of its customers. The aim behind lending MSME loans to small businesses and entrepreneurs is to drive economic growth and support financial inclusion. The company is planning to utilize its funds to strengthen its capital base to support its future funding needs for giving out more loans. Now, if you ask whether you should apply or not for the Laxmi India Finance IPO, then there are some risk factors one must keep in mind: the company runs in a concentrated geographic footprint, and the company mostly runs its business with dependencies on MSME and vehicle loans. It could face issues if borrowers default or if there are changes in rules for NBFCs.
We recommend that investors only apply for this IPO after checking the company’s financial background, risks, and deciding whether to apply for the IPO or not.
