Laxmi India Finance IPO Set to Open on July 29: All You Need to Know

Laxmi India Finance Limited is set to launch its Initial Public Offering (IPO) through a book-building process, aiming to raise ₹254.26 crores. Laxmi India Finance IPO comprises a fresh issue of 1.05 crore equity shares, aggregating to ₹165.17 crores, and an offer for sale (OFS) of 0.56 crore shares, amounting to ₹89.09 crores.

The IPO is being managed by PL Capital Markets Private Limited as the Book Running Lead Manager, while MUFG Intime India Private Limited (Link Intime) will act as the registrar to the issue.

Laxmi India Finance IPO Timeline

• IPO Opening Date: July 29, 2025
• IPO Closing Date: July 31, 2025
• Basis of Allotment: Expected on August 1, 2025 (Friday)
• Listing Date: Tentatively scheduled for August 5, 2025 (Tuesday)
• Listing Exchanges: BSE and NSE
• Price Band: ₹150 – ₹158 per share
• Retail Lot Size: 94 shares

Use of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue primarily to strengthen its capital base and meet future capital requirements for onward lending. A total of ₹143 crores has been earmarked for this purpose.

Also Read: Upcoming IPOs: NSDL, Aditya Infotech & More Key Issues This Week (July 28–Aug 1)

About Laxmi India Finance Limited

Incorporated in 1996, Laxmi India Finance Ltd. is a well-established Non-Banking Financial Company (NBFC) engaged in secured lending. The company primarily caters to underserved markets through MSME loans, vehicle finance, and construction loans, enabling financial inclusion for small businesses and individual borrowers.

Over 80% of its MSME loan portfolio qualifies as Priority Sector Lending, underlining its role in supporting India’s small-scale and rural enterprises.

Product Offerings

• MSME Loans: Laxmi India Finance provides secured loans against residential or commercial properties for Micro, Small, and Medium Enterprises. The loan amounts range from ₹50,000 to ₹25 lakhs, with an LTV ratio of 65% and loan tenure of up to 84 months.
• Vehicle Finance: The company offers loans for personal and commercial vehicle purchases. This includes funding for commercial vehicles (up to ₹15 lakhs), two-wheelers (up to ₹1.5 lakhs), and tractors (up to ₹7 lakhs).
• Construction Loans: These are secured loans for construction or renovation of residential and commercial properties. The maximum loan amount is ₹25 lakhs, with interest rates ranging from 18% to 28% and tenure of up to 84 months.

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