The Initial Public Offering (IPO) of Lakshmi India Finance Limited opened today, July 29th. The company aims to raise ₹254.26 crore from the market. The issue is witnessing significant investor enthusiasm on its first day. The last date to apply for the issue is set as July 31st.
₹75.5 Crore Raised Before IPO
Just a day before the IPO launch, the company raised ₹75.5 crore from anchor investors. The company allotted 47.79 lakh shares at a price of ₹158 per share. A total of 11 major institutional investors participated in this anchor round. The largest investment was made by Sanshi Fund, which invested ₹20 crore.
Other prominent anchor investors include:
- Cent Capital Fund
- Mint Focused Growth Fund
- BNP Paribas Financial Markets
- India Max Investment Fund
- Meru Investment Fund
Price Band and Lot Size Information
Lakshmi India Finance has fixed the price band for its IPO at ₹150 to ₹158 per share. Investors will have to apply for a minimum of one lot, i.e., 94 shares. Under the fresh issue, new shares worth ₹165.17 crore will be issued, while promoters will sell shares worth ₹89.09 crore through the Offer for Sale (OFS).
Listing Likely on August 5th
After the issue closes, the allotment of shares will be finalized on August 1st. The refund process will begin on August 2nd, and the shares are likely to be listed on the BSE and NSE on August 5th.
What Does the Company Do?
Lakshmi India Finance is a non-banking financial company (NBFC) that primarily provides financial services in rural and semi-urban areas. It mainly offers products such as MSME loans, vehicle loans, and construction loans.
Company's Presence in States
The company has a total of 158 branches, spread across cities and villages in states like Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
Who are the Promoters?
The company's promoter group includes the following names:
- Deepak Baid
- Prem Devi Baid
- Anisha Baid
- Heerak Vinimay Private Limited
- Deepak Hitech Motors Private Limited
- Prem Dealers Private Limited
- Vivaan Baid Family Trust
How is the Portion Reserved for Whom?
The portion for investors in the IPO has been divided as follows:
- 50% for Qualified Institutional Buyers (QIBs)
- 35% for Retail Investors
- 15% for Non-Institutional Investors (NIIs)
Use of Funds Raised from the Issue
The company will primarily use this fund to strengthen its capital base, enhance its lending capacity, and for expansion plans. The plan to further deepen the reach of finance in rural and semi-urban areas is also a part of this.
Company's Performance in 2025
Lakshmi India Finance has recorded tremendous growth in fiscal year 2025. The company's revenue jumped by 42 percent to ₹248 crore, compared to ₹175 crore a year ago.
Meanwhile, net profit increased by 60 percent to ₹36 crore, while it was ₹22.47 crore in the previous year.
How Much Debt Does the Company Have?
At the end of fiscal year 2025, the company's total borrowings were ₹1137 crore. The company has managed to maintain a balanced balance sheet with this debt.
IPO Manager and Registrar
PL Capital Markets Private Limited is the book-running lead manager for this IPO. Meanwhile, MUFG Intime India Private Limited (formerly Link Intime) has been appointed as the registrar.
A Positive Environment is Being Created in the Market
As soon as the IPO opened, activity among investors has intensified. Given the b support from anchor investors and the company's financial health, there is a positive environment in the market regarding this issue.
