Laxmi India Finance IPO GMP, Date, Price and Allotment Status

Laxmi India Finance Limited, a Jaipur-based Non-Banking Financial Company (NBFC), is launching its Initial Public Offering (IPO) to raise ₹254.26 crore. The IPO comprises a fresh issue and an offer for sale (OFS).

This article covers the Laxmi India Finance IPO’s Grey Market Premium (GMP), price band, key dates, allotment status, business overview, financials, and key considerations for investors.

About Laxmi India Finance Limited

Laxmi India Finance Limited was incorporated in 1996 and it was registered with the Reserve Bank of India (RBI), focusing on providing secured financing solutions to underserved customers, particularly in semi-urban and rural regions of India. 

The company operates 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, with assets under management (AUM) of ₹1,277.02 crore as of March 31, 2025. Its customer base grew by 48.78% to 35,568 customers, including 18,596 active MSME customers and 12,423 active vehicle loan customers.

What is Laxmi India Finance IPO?

The Laxmi India Finance IPO is a mainboard book-built issue worth ₹254.26 crore, comprising:

• Fresh Issue: 1,04,53,575 equity shares aggregating to ₹165.17 crore.
• Offer for Sale (OFS): 5,638,620 equity shares aggregating to ₹89.09 crore.
  The face value of each share is ₹5, and the IPO will list on the BSE and NSE. 

The funds from the fresh issue will be used to strengthen the capital base for lending and general corporate purposes, and the Funds via OFS will be taken by the existing investors.

Laxmi India Finance IPO Key Timeline

Key IPO Details

• IPO Open Date: July 29, 2025
• IPO Close Date: July 31, 2025
• Issue Size: ₹254.26 crore
• Fresh Issue: ₹165.17 crore 
• Offer for Sale: ₹89.09 crore
• Face Value: ₹5 per equity share
• Price Band: ₹150 to ₹158 per share
• Lot Size: 94 shares 
• Minimum Investment for Retail: ₹14,852 at upper price band)
• Minimum Investment (sHNI): 14 lots (1,316 shares, ₹207,928)
• Minimum Investment (bHNI): 68 lots (6,392 shares, ₹1,009,936)
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): Not more than 50%
  • Non-Institutional Investors (NII/HNI): Not less than 15%
  • Retail Investors: Not less than 35%
  • Employee Reservation: 1,06,928 shares (₹2.54 crore)
• Market Capitalisation: ₹825.83 crore
• Lead Manager: PL Capital Markets Private Limited
• Registrar: MUFG Intime India Private Limited (Link Intime)

IPO Strategic Objectives

The net proceeds from the fresh issue will be utilised for augmenting the capital base to meet future lending requirements and supporting general corporate purposes to enhance financial stability and expand operations.

Business Overview

Laxmi India Finance provides a range of financial products, including:

• MSME Loans: Secured loans against property for business operations, expansion, and working capital (76.34% of AUM).
• Vehicle Loans: Financing for used commercial vehicles, personal vehicles, tractors, two-wheelers, and electric vehicles (16.12% of AUM).
• Construction Loans: Laxmi India Finance provides loans for purchasing or building residential properties.
• The company employs a robust risk management framework, with 
  • 98.81% of its loan portfolio secured, 
  • Gross non-performing asset (GNPA) ratio of 1.07%, 
  • Net non-performing asset (NNPA) ratio of 0.48% in FY25.

It uses loan origination software for real-time data integration, automated credit checks, and on-site collateral verification, ensuring strong asset quality.

Key Highlights

• Strong presence in underserved semi-urban and rural markets with 158 branches.
• AUM of ₹1,277 crore with a 36% CAGR as of FY25.
• Revenue of ₹248.04 crore (+42% YoY) and PAT of ₹36.01 crore (+60% YoY) in FY25.
• Low NPA ratios (GNPA: 1.07%, NNPA: 0.48%) compared to industry peers.
• Customer base growth of 48.78% to 35,568 as of March 31, 2025.

Strengths and Challenges of Laxmi India Finance Ltd

Strengths:

• Laxmi India Finance Ltd has a dominant presence in semi-urban and rural loan markets, mostly in the Rajasthan.
• Laxmi India Finance Ltd has a secured loan portfolio of 98.81% with low NPA ratios.
• The company has a strong financial growth with 42% revenue and 60% PAT increase in FY25.
• Robust risk management with stringent credit checks and loan origination software. 

Challenges:

• Regional concentration in five states, limiting geographical diversification.
• Intense competition from larger NBFCs with greater market share.
• Vulnerability to economic downturns affecting MSME and retail borrowers.

Financial Performance

Laxmi India Finance IPO GMP

The Grey Market Premium (GMP) for the Laxmi India Finance IPO is currently estimated at approximately at ₹9. This suggests a potential listing price of ₹167 per share, representing a 5.70% premium above the upper price band of ₹158, indicating positive market sentiment toward the offering.

How to Apply for Laxmi India Finance IPO?

Investors can apply for Laxmi India Finance IPO through the below methods:

Applying for the Laxmi India Finance IPO Online ASBA

ASBA is the most used way to apply IPO follow the steps below to apply for the Laxmi Finance IPO.

• Log in to your bank’s net banking portal.
• Navigate to the IPO section and select “Laxmi India Finance IPO.”
• Enter bid details like lot size, Price.
• Provide your bank account details for ASBA and submit.
• Funds will remain blocked until allotment.

Applying for the Laxmi India Finance IPO via UPI

UPI is the easiest way to apply for the IPO directly from the stockbroker application. Follow the steps below to apply using UPI.

• Log in to your stockbroker’s app or website.
• Select “Laxmi India Finance IPO” from the IPO list.
• Enter bid details (quantity and price).
• Provide your UPI ID and submit.
• Confirm the UPI mandate by 5:00 PM on July 31, 2025.

Applying for the Laxmi India Finance IPO via Offline

Applying IPO via the Offline method is a very old process. If you want to apply offline, follow the steps below.

• Download the IPO application form from BSE, NSE, or your stockbroker.
• Fill in personal details (name, demat ID, PAN, etc.) and bid details.
• Submit the form to your stockbroker.
• Await the application number and allotment status.

Laxmi India Finance IPO Allotment Status

Laxmi India Finance Ltd's IPO will be finalised on the next working day after the closing of the IPO and is expected to be available for the public on 01 August 2025 on the MUFG Intime India Private Limited registrar website along with the NSE and BSE websites. 

• Visit the MUFG Intime website.
• Select “Laxmi India Finance Ltd IPO” from the “Dropdown”.
• Click on any of the option PAN, application number, or DP/Client ID.
• Enter your details to confirm identity for verification of bid.
• Click “Search” to view your allotment status.

Note: Allotment status can check through the stockbroker also once the allotment results are out.

IPO Contact Details

• Registrar: 
  • Name: MUFG Intime India Private Limited
  • Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
  • Phone: +91-22-4918 6270
  • Email: lifl.ipo@linkintime.co.in
• Lead Manager:
  • Name:  PL Capital Markets Private Limited
  • Address: 3rd Floor, Sadhana House, 570, P. B. Marg, Worli, Mumbai - 400 018, Maharashtra, India
  • Phone: +91 22 6632 2222
  • Email: laxmiindiaipo@plindia.com
• Company: 
  • Name: Laxmi India Finance Limited
  • Address: 2 DFL, Gopinath Marg, MI Road, Jaipur, Rajasthan, 302001
  • Phone: +91 9773376198
  • Email: cs@lifc.co.in

Conclusion

The Laxmi India Finance IPO present an investment opportunity for retail investors to invest in the company in NBFC sector, which makes profits via lending. This company has a proven strong business lending presence.

Disclaimer: The information provided in this article is only for educational purposes and should not be considered as investment advice. Investors are advised to conduct their research and consult SEBI-registered financial advisors before making investment decisions.

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