Laxmi India Finance IPO 2025: GMP, Date, Price, Review, Allotment Details
The Laxmi India Finance IPO, a mainboard IPO from Jaipur-based Laxmi India Finance Limited, aims to raise ₹254.26 crores through a fresh issue of ₹165.17 crores and an offer for sale (OFS) of ₹89.09 crores. Opening on July 29, 2025, with a price band of ₹150 to ₹158 per share, this IPO offers investors an opportunity to invest in a leading non-banking financial company (NBFC) focused on MSME and vehicle loans. This article provides a comprehensive overview of the Laxmi India Finance IPO, including grey market premium (GMP), subscription status, allotment details, financial performance, and expert review to guide investors.
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Laxmi India Finance IPO Details
The Laxmi India Finance IPO is a book-built issue comprising a fresh issue of 1.04 crore equity shares and an OFS of 56.38 lakh equity shares by promoters, including Deepak Baid, Prem Devi Baid, and others, with each share having a face value of ₹5. Below are the key details based on the Red Herring Prospectus (RHP) and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 29, 2025 |
| IPO Closing Date | July 31, 2025 |
| Allotment Date | August 1, 2025 |
| Listing Date | August 5, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹150 to ₹158 per share |
| Lot Size | 94 shares |
| Issue Size | ₹254.26 crores |
| Fresh Issue | ₹165.17 crores (1.04 crore shares) |
| Offer for Sale | ₹89.09 crores (56.38 lakh shares) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Book Running Lead Manager | PL Capital Markets Private Limited |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), and 35% to Retail Individual Investors (RIIs), with an employee reservation of ₹2.54 crores (1.06 lakh shares). The minimum investment for retail investors is ₹14,852 (94 shares at ₹158), with retail applications reserved for 59,319 forms.
Laxmi India Finance IPO Subscription Status
The subscription status for the Laxmi India Finance IPO will be updated daily during the subscription period from July 29 to July 31, 2025. Investors can track live subscription data on the BSE, NSE, or the registrar’s portal (Link Intime).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period (July 29–31, 2025).
Laxmi India Finance IPO Allotment Status
The allotment for the Laxmi India Finance IPO is expected to be finalized on August 1, 2025. Investors can check their allotment status on the registrar’s website (Link Intime) or the BSE/NSE websites using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts by August 4, 2025, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the Link Intime website (https://linkintime.co.in/Initial_Offer/public-issues.html).
- Select “Laxmi India Finance IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization on August 1, 2025.
Laxmi India Finance IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) indicates the premium at which IPO shares trade in the unofficial market before listing. As of July 23, 2025, the GMP for the Laxmi India Finance IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening on July 29, 2025, for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 23, 2025 | Not Available | Not Available |
| July 22, 2025 | Not Available | Not Available |
| July 21, 2025 | Not Available | Not Available |
| July 20, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Laxmi India Finance IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 23, 2025, the Kostak rate for the Laxmi India Finance IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 23, 2025 | Not Available |
Laxmi India Finance IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 23, 2025, the Subject to Sauda rate for the Laxmi India Finance IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 23, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About Laxmi India Finance Limited
Incorporated in 1996, Laxmi India Finance Limited, based in Jaipur, Rajasthan, is a non-deposit-taking non-banking financial company (NBFC) focused on financial inclusion for underserved regions. Operating 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, the company offers MSME loans, vehicle loans, and construction loans, with over 80% of MSME loans qualifying as Priority Sector Lending. As of March 31, 2025, its assets under management (AUM) stood at ₹1,277.02 crores, with MSME loans contributing 76.34% and vehicle loans 16.12%. The company serves 35,568 customers, including 18,596 active MSME and 12,423 active vehicle loan customers, reflecting a 48.78% customer growth from FY24. The promoters are Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak Vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem Dealers Private Limited, and Vivan Baid Family Trust.
Laxmi India Finance IPO Objectives
The net proceeds from the fresh issue will be used for:
- Augmentation of the capital base to meet future capital requirements for onward lending.
- General corporate purposes.
The OFS proceeds will go to the selling promoters.
Laxmi India Finance Financials
Laxmi India Finance has shown strong financial growth, driven by demand for MSME and vehicle loans. Below is a summary of its financial performance:
| Particulars | FY25 (₹ Crores) | FY24 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | 248.04 | 175.02 | 41.73% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | 36.01 | 22.47 | 60.26% |
The company’s 41.73% revenue growth and 60.26% PAT growth reflect its robust operational performance and market demand.
Laxmi India Finance IPO Strengths
- Strong Financial Growth: 41.73% revenue growth and 60.26% PAT growth from FY24 to FY25, showcasing financial stability.
- Wide Reach: 158 branches across five states, serving 35,568 customers, with a 48.78% customer growth in FY25.
- Priority Sector Focus: Over 80% of MSME loans qualify as Priority Sector Lending, aligning with government initiatives.
- Diverse Loan Portfolio: Offers MSME, vehicle, and construction loans, catering to underserved small businesses and individuals.
- Moderate Issue Size: ₹254.26 crore issue with a low lot size (94 shares, ₹14,852) enhances retail accessibility.
Laxmi India Finance IPO Risks
- NBFC Competition: Faces competition from listed NBFCs like MAS Financial Services, Five Star Business Finance, and SBFC Finance.
- No GMP Activity: Absence of grey market data as of July 23, 2025, limits visibility on listing gains.
- Regulatory Risks: NBFC sector is subject to strict RBI regulations, which could impact operations.
- Regional Concentration: Operations primarily in five states, exposing the company to regional economic risks.
- OFS Component: ₹89.09 crore OFS proceeds go to promoters, not the company, potentially reducing investor confidence.
Laxmi India Finance IPO Review
The Laxmi India Finance IPO offers exposure to a growing NBFC with a focus on financial inclusion through MSME and vehicle loans. The company’s 41.73% revenue growth and 60.26% PAT growth from FY24 to FY25, coupled with a ₹1,277.02 crore AUM and 48.78% customer growth, reflect strong fundamentals. X posts indicate investor interest, with the IPO opening on July 29, 2025, at a price band of ₹150–₹158 and a lot size of 94 shares, making it accessible for retail investors (minimum investment ₹14,852). The company’s focus on Priority Sector Lending (80% of MSME loans) aligns with government initiatives, enhancing its appeal. The ₹254.26 crore issue size, with ₹165.17 crore for capital augmentation, supports future lending growth. However, risks include intense competition from larger NBFCs, regional concentration, and regulatory challenges. The absence of GMP data as of July 23, 2025, adds uncertainty for listing gains. The NBFC sector’s projected growth, driven by increasing credit demand in underserved regions, supports long-term potential. Investors should await GMP trends and monitor market sentiment closer to the opening date. Long-term investors may find this IPO attractive due to strong financials and sector tailwinds, but short-term investors should exercise caution due to competition and lack of GMP visibility.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to competitive and regulatory risks.
How to Apply for Laxmi India Finance IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform (e.g., Zerodha Console).
- Navigate to the IPO section and select “Laxmi India Finance IPO.”
- Enter the number of lots (minimum 94 shares) and price (₹150–₹158 per share).
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions.
Laxmi India Finance IPO FAQs
When does the Laxmi India Finance IPO open and close?
The IPO opens on July 29, 2025, and closes on July 31, 2025.
What is the price band of the Laxmi India Finance IPO?
The price band is ₹150 to ₹158 per share.
What is the minimum investment for retail investors?
The minimum investment is ₹14,852 for 94 shares at ₹158 per share.
How can I check the Laxmi India Finance IPO allotment status?
Visit the Link Intime website (https://linkintime.co.in/Initial_Offer/public-issues.html), select “Laxmi India Finance IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Laxmi India Finance IPO today?
As of July 23, 2025, the GMP is not available, as grey market activity has not started.
Where will the Laxmi India Finance IPO be listed?
The IPO will be listed on the BSE and NSE on August 5, 2025.
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