Laxmi India IPO Upcoming
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About Laxmi India
Laxmi India Finance (LIFC), established in 1996 and headquartered in Jaipur, Rajasthan, is a non-deposit-taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company specializes in providing financial services to underserved and semi-urban populations across India. Its product portfolio includes MSME loans, vehicle financing, construction loans, and other tailored lending solutions. Operating through 139 branches across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, LIFC focuses on financial inclusion by supporting small businesses and entrepreneurs. As of June 30, 2024, the company reported an Assets Under Management (AUM) of ₹1,035.53 crore, with MSME and vehicle loans comprising a significant portion of its portfolio.
Financials of Laxmi India
*All figures are in ₹ Crores.
Strengths
- Extensive branch network across semi-urban and rural regions.
- Diverse loan portfolio catering to MSMEs, vehicles, and construction sectors.
- Focus on financial inclusion aligns with government initiatives.
- A significant portion of loans qualify as Priority Sector Lending.
- Experienced management team with a track record in financial services
Risks
- High concentration of operations in specific geographic regions.
- Exposure to credit risk from MSME and vehicle loan segments.
- Potential impact of economic downturns on borrowers’ repayment capacity.
- Regulatory changes affecting NBFC operations and compliance requirements.
- Competition from other financial institutions and fintech companies.