Laxmi India Finance Limited has fixed the price band of ?150/- to ?158/- per Equity Share of face value ?5/- each for its maiden initial public offer.
The Initial Public Offering ("IPO" or "Offer") of the Company will open on Tuesday, July 29, 2025, for subscription and close on Thursday, July 31, 2025. Investors can bid for a minimum of 94 Equity Shares and in multiples of 94 Equity Shares thereafter.
The IPO is a mix of fresh issue of shares up to 18,453,575 equity shares and an offer for sale up to 5,638,620 equity shares by Promoter and Promoter Group Selling Shareholders.
Laxmi India Finance was built on a legacy that began in early 1990s with Deepak Finance & Leasing Company. It is a non-deposit taking non-banking financial company focused on serving the financial needs of underserved customers in India's lending market. It offers a diversified range of lending products to meet the distinct needs of its customers. Its business verticals comprise of MSME Finance, Vehicle Finance, Construction Loans and Others. It also provides small-ticket unsecured business and personal loans to MSME and retail customers for their working capital requirements and personal use, respectively; and wholesale loans to other NBFCs.
As of March 31, 2025, its assets under management (AUM) increased to ?1,277.02 crore from ?686.77 crore as of March 31, 2023, representing a CAGR of 36.36%, primarily driven by an increase in volume of its loans and in its branch network.
As on March 31, 2025, its operational network spans across 158 branches in rural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh.
Laxmi India Finance's revenue from operations increased by 41.92% to ? 245.71 crore for Fiscal 2025 from ? 173.14 crore for Fiscal 2024. Profit after tax increased by 60.25% to ? 36.01 crore for Fiscal 2025 from ? 22.47 crore for Fiscal 2024.
PL Capital Markets Private Limited is the sole book-running lead manager, and MUFG Intime India Private Limited is the registrar of the issue.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation to qualified institutional buyers, not less than 15% and 35% of the net offer shall be available to non-institutional bidders, and retail individual bidders respectively. |
