Laxmi India Finance IPO
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Schedule of Laxmi India Finance
| Issue open date | 29 Jul 2025 |
| Issue close date | 31 Jul 2025 |
| UPI mandate deadline | 31 Jul 2025 (5 PM) |
| Allotment finalization | 01 Aug 2025 |
| Refund initiation | 04 Aug 2025 |
| Share credit | 04 Aug 2025 |
| Listing date | 05 Aug 2025 |
| Mandate end date | 18 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 31 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 30 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Laxmi India Finance
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 Finance
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹254.26 crores |
| Fresh Issue | ₹165.17 crores |
| Offer for sale | ₹89.09 crores |
Utilisation of proceeds
| Purpose | INR crores |
| Augmentation of the capital base to meet the future capital requirements towards lending | 177 |
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.
Subscription Figures for Laxmi India Finance
Subscription numbers as of 5:00 PM on July 31, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 31.86 | 41.36 | 1.30x |
| NII | 23.89 | 43.81 | 1.83x |
| Retail | 55.75 | 112.51 | 2.20x |
| Employees | 1.60 | 2.47 | 1.54x |
| Total | 113.12 | 210.17 | 1.86x |