Laxmi Finance’s Rs 25.4 billion IPO opens on July 29: Check price bands, lot sizes, key details
Laxmi Finance IPO: The initial public offering of the non-bank finance company (NBFC) (LAXMI Finance India) will open for subscription on July 29 and close on July 31. The company has fixed its Rs 254 per share price between Rs 150 and Rs 158.
The issue includes 18.4 billion new shares issued and 5.638 million shares of the issuer’s Offer (OFS).
The company plans to use the proceeds from the new problems to expand its capital base to achieve future loans and general corporate purposes.
Laxmi Finance’s financial results
In FY25, the company reported a 42% increase in revenue from business to Rs 246 crore, compared with Rs 17.3 crore in FY24.
Laxmi Financial Performance: Net Profit
NBFC’s after-tax profit (PAT) rose 60% to Rs 36 crore, up from Rs 225 crore a year ago.
Who is the BRLMS and the Registrar
PL Capital Markets serves as the sole chief bookkeeping manager for the IPO, while MUFG Intime India was appointed as the registrar.
What does Laxmi Finance do?
Laxmi India Finance is a non-equity NBFC that offers a variety of loan portfolios including MSME loans, vehicle financing, construction loans and other loan products. As of March 2025, its assets under management (AUM) soared to Rs 1,277 crore, up from Rs 6,87 crore in March 2023, marking a 36% compound annual growth rate (CAGR).
NBFC currently has 158 branches in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh, spanning rural, semi-urban and urban markets.
