The Laxmi India Finance IPO minimum market lot is 94 shares with ₹14,852 application amount. The Laxmi India Finance IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Laxmi India Finance Limited, founded in 1996, is one of the leading companies involved in the business of Non-Banking Financial Company. The company is engaged in offering MSME loans, vehicle loans, construction loans, and other lending products to small businesses and entrepreneurs. The company consists of 26,065 customers, including 15,732 active MSME and 6,146 active vehicle loan customers as of June 30, 2024. Laxmi India gets funds from 43 lenders, including banks and financial institutions, using term loans, NCDs, and working capital loans. 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. The company has 139 branches in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh as of September 30, 2024.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Laxmi India Finance IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.10 | 0.45 | 1.30 |
| NII | 0.19 | 0.52 | 1.83 |
| bNII | 0.10 | 0.38 | 1.82 |
| sNII | 0.38 | 0.80 | 1.87 |
| RII | 0.61 | 1.29 | 2.20 |
| Employees | 0.41 | 1.02 | 1.54 |
| Total | 0.37 | 0.89 | 1.86 |
Laxmi India Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Laxmi India Finance IPO Review and Rating
- May Apply For Long-term View
Laxmi India Finance IPO Form
How to apply for the Laxmi India Finance IPO? You can apply for Laxmi India Finance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Laxmi India Finance IPO in the Invest section. The other option is you can apply for Laxmi India Finance IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
