Laxmi India Finance Ltd. IPO: A New NBFC Story
The Laxmi India Finance Ltd. IPO may be on your radar if you're an Indian investor searching for a new NBFC story. You can bid on 94-share lots during the issue, which opens from July 29 to July 31, 2025, with prices ranging from ₹150 to ₹158 per share.
For individual investors, the upper-end ticket size is around ₹14,852, and it exposes you to a firm that aims for a post-issue market cap of approximately ₹800 crore.
The grey market, where the GMP is ₹18, representing a 11.4% premium over the ₹158 upper band, has also seen considerable investor activity. Your shares may be listed on the BSE or NSE by August 5, 2025, if the allocation goes your way on August 1.
Why This IPO Matters
New Growth Capital
Increasing the lending book in semi-urban and rural Rajasthan by issuing up to ₹254 cr.
Promoter Alignment
Supported by the Baid family's history of success in auto and microfinance.
Healthy Demand Signals
High initial application counts and a premium in the grey market suggest high retail interest.
Diversified Offering
Growth and liquidity are provided by a combination of promoter sell-down and new issuance.
Laxmi India Finance IPO All Details
| Aspect | Details |
|---|---|
| Issue Period | 29–31 July 2025 |
| Anchor Bidding Date | 28 July 2025 |
| Price Band | ₹150 – ₹158 per share |
| Lot Size | 94 shares |
| Issue Size | ₹241 cr (lower) – ₹254 cr (upper) |
| Fresh Issue | 10,453,575 shares |
| Offer for Sale | 5,638,620 shares |
| Post‑Issue Market Cap | ~₹784 cr – ₹826 cr |
| GMP (Grey Market Premium) | ₹18 (11.4%) |
| Listing | BSE & NSE |
| BRLM / Registrar | PL Capital Markets / MUFG Intime India |
| Allotment Date | On or about 01‑08‑2025 |
| Refunds / Unblocking | On or about 04‑08‑2025 |
| Credit to Demat | On or about 04‑08‑2025 |
| Listing Date | On or about 05‑08‑2025 |
Also Read: Icon Facilitators IPO: Date, Price, GMP
Laxmi India Finance IPO Share Reservation & Structure
Share Reservation (%)
Issue Composition (Shares)
| Category | Allocation | Min. Lot | Min. Amount | Applications for 1× |
|---|---|---|---|---|
| Retail | 35% (₹83.6–88.1 cr) | 94 shares | ₹14,852 (at ₹158) | 59,319 |
| NII (₹2–10 L) | 15% (₹11.95–12.59 cr) | 1,316 shares | ₹2,07,928 | 605 |
| NII (>₹10 L) | — (₹23.9–25.17 cr) | 6,392 shares | ₹10,09,936 | 1,211 |
| QIB | 50% (₹119.5–125.9 cr) | — | — | — |
| Employee Reserve | Up to 160,928 shares (₹2.41–2.54 cr) | — | — | — |
What Motivates Laxmi India Finance?
Local Knowledge
Laxmi India Finance, which has its headquarters in Jaipur, uses its extensive connections in semi-urban Rajasthan to underwrite loans in areas that larger NBFCs might not consider.
Model of Balanced Growth
Microloans, MSME lending, and auto loans all contribute to the diversification of interest income and asset quality.
Promoter History
With more than 20 years of experience in specialized finance, the Baid family group provides guidance on strategy and governance.
Laxmi India Finance Limited IPO Gray Market Premium (GMP)
Current GMP: ₹18 above the upper band → an implied listing price of ₹176 (≈11.4% premium).
Interpretation: Early grey‑market demand suggests strong retail conviction, but GMP can fluctuate as bid details emerge on 1st August.
What is the minimum investment for this IPO, and based on the today grey‑market premium (GMP), how much profit can one expect?
Minimum Investment
- Lot size: 94 shares
- Upper‑band price: ₹158
- Minimum outlay: 94 × ₹158 = ₹14,852
(If you bid at the lower band of ₹150, it’d be ₹14,100—your choice when you place the order.)
Estimated Profit (Based on ₹18 GMP)
| Price Band | Cost per Lot | GMP per Share | Total GMP Gain per Lot | Profit % (on cost) |
|---|---|---|---|---|
| ₹150 (lower) | ₹14,100 | ₹18 | 94 × ₹18 = ₹1,692 | 12.0% |
| ₹158 (upper) | ₹14,852 | ₹18 | 94 × ₹18 = ₹1,692 | 11.4% |
Also Read: Aditya Infotech IPO 2025: Date, Price Band ₹640-675 & GMP
Laxmi India Finance Limited IPO Risks
- Unproven Scale: Its well-capitalized contemporaries compete with it as a more recent NBFC.
- Asset Quality: If macro conditions worsen, lending to semi-urban borrowers entails a larger credit risk.
- Regulatory Changes: NBFCs are subject to changing RBI regulations; any tightening could have an effect on margins.
How to Apply?
- Go to the online IPO application provided by your broker or the ASBA site of your bank.
- Choose the Retail category, choose Laxmi India Finance Ltd. IPO, and input 94 shares.
- Block funds of ₹14,852 (at upper band).
- Verify and submit by 5 p.m. on July 31, 2025.
Laxmi India Finance IPO: Frequently Asked Questions (FAQs)
1. What is the IPO Laxmi India Finance?
The IPO consists out of a fresh issue (≈10.45 million shares) and by offer of sale (≈5.64 million shares) by the Baid promoter group. The company intends to borrow up to 254 crore to finance its lending business in semi urban and rural markets.
2. What date can I be able to apply through this IPO?
The bid period is 29th July to 31st July 2025.
Anchor Investor Bidding: 28th July 2025
Apply to the ASBA not later than 5 pm of the deadline.
3. How much is the price band and lot size?
Price Band: ₹150 - ₹158 per share
Min Lot: 94 shares
Entry Retail Investment: ₹14,852 (@158)
4. What is the procedure of subscribing to the IPO?
Access your ASBA portal at bank or your broker in IPO application window.
Check Laxmi India Finance Ltd. in the list of IPOs.
Select the Retail option and place 94 shares (or 94 times) in the denominator.
Check and submit, your money will be blocked until the allocation.
5. When will it issue and list the shares?
Allotment Finalization: 1st August 2025 or thereabouts
Refunds/Unblocking of Funds: On/About 4th August 2025
BSE/NSE Listing: On or around the 5th August 2025
6. How is the Grey Market Premium (GMP)?
The GMP stands at approximately ₹18, which means that the expected listing price should be approximately ₹176 (11.4%, thus, higher than the upper band). Note that the prices in the grey market can fluctuate when information of real bids and subscriptions unfolds.
7. Who is the registrar and the lead managers?
Book Running Lead Manager (BRLM): PL Capital Markets
Registrar to the Issue: MUFG Intime India
8. How much is that set aside to be sold to retail investors?
Retail Allocation: 35 per cent of net offer (~₹83.6-88.1 crore)
This will provide you with a realistic chance of allotment and more so in face of present retail demand.
Meet Akabari
Hello! I'm Meet Akabari, and I haven't turned back since I entered the finance industry a year and a half ago. I began by researching mutual funds and fixed deposits to see how they compared. I was shocked to see that carefully selected mutual funds can yield returns of 25–30%, outperforming typical FDs. I became passionate about all things investing after experiencing the excitement of seeing my money grow.
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