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The initial public offering of non-banking financial company (NBFC)—Laxmi India Finance—will be opened for subscription on July 29 and close on July 31. The company has fixed the price band between Rs 150 and Rs 158 per share for its Rs 254-crore issue.
The issue comprises a fresh issuance of 1.84 crore equity shares and an offer for sale (OFS) of 56.38 lakh shares by promoters.
The company plans to use the proceeds from the fresh issue to augment its capital base for future lending and general corporate purposes.
Laxmi Finance's financial performance
In FY25, the company reported a 42 per cent increase in revenue from operations to Rs 246 crore, compared to Rs 173 crore in FY24.
Laxmi Finance net profit
The NBFC's profit after tax (PAT) rose 60 per cent to Rs 36 crore, up from Rs 22.5 crore a year earlier.
Who are BRLMs
PL Capital Markets is acting as the sole book-running lead manager for the IPO, while MUFG Intime India is appointed as registrar.
What does Laxmi Finance do?
Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse loan portfolio including MSME loans, vehicle financing, construction loans, and other lending products.
As of March 2025, its assets under management (AUM) surged to Rs 1,277 crore, up from Rs 687 crore in March 2023 — marking a 36 per cent compound annual growth rate (CAGR).
The NBFC currently operates 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, spanning rural, semi-urban, and urban markets.
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