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Laxmi India Finance IPO
Price Band
₹150.0–158.0
Issue Size
₹254.26 Cr
Lot Size
94 shares
Min Investment
₹14,852
GMP
—
Issue Price
₹158.0
Laxmi India Finance IPO AI Summary
- Laxmi India Finance IPO is listed on BSE, NSE in the Non Banking Financial Company (NBFC) sector.
- Price band: ₹150.0–₹158.0 per share, lot size 94 shares (min. investment ₹14,852).
- Subscription window: 29 Jul–31 Jul 2025, listing on 05 Aug 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Laxmi India Finance IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 31 Jul 2025 — not a current signal.
7 of 9 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Laxmi India Finance IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 1996, Laxmi India Finance Limited is engaged in the business of Non Banking Financial Company. The company offers MSME loans, vehicle loans, construction loans, and other lending products, supporting small businesses and entrepreneurs, with over 80% of MSME loans qualifying as Priority Sector Lending. Offerings: MSME Finance: The company provides secured loans against residential or commercial property for MSMEs, with loan amounts ranging from ₹0.05 million to ₹2.5 million, an LTV ratio of 65%, and tenure up to 84 months. Vehicle Finance:The company offers secured vehicle loans for personal and commercial use, including financing for commercial vehicles (up to ₹1.5 million), two-wheelers (up to ₹0.15 million), and tractors (up to ₹0.7 million). Construction Loans: The company offers secured loans to retail customers against residential or commercial property for construction or renovation, with loan amounts up to ₹2.5 million, interest rates between 18%-28%, and a tenure of up to 84 months. Key Facts as of March 31, 2025 Asset Under Management (AUM): Rs 12,770.18 million in 2025 with MSME and Vehicle loan accounted for 76.34% and 16.12% respectively. Customer base: 35,568 customers including 18,596 active MSME customers and 12,423 active vehicle loan customers with 48.78% growth from 23,906 customers as on March 31, 2024. 37.10% of its customer base include first-time borrowers. Branch network: 158 branches from 135 branches as of March 31, 2024. The company has branches across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with the highest number of branches in Rajasthan. Accessed funds from 47 lenders – 8 public sector banks, 10 private banks, 7 small finance banks, and 22 NBFCs. Competitive Strengths: Focus on MSME financing Access to diversified sources of capital and effective cost of funds Comprehensive credit assessment, underwriting and risk management framework Deeper regional penetration in semi-urban and rural areas supported by a mix of direct and indirect sourcing channels Our Hub and Branch model streamlines operations, reduces costs, and increases customer accessibility, driving business growth and market expansion Experienced management with good corporate governance practices.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,412.52 | 984.85 | 778.71 |
| Total Income | 248.04 | 175.02 | 130.67 |
| Profit After Tax | 36.01 | 22.47 | 15.97 |
| EBITDA | 163.88 | 114.59 | 85.96 |
| NET Worth | 257.47 | 201.22 | 152.33 |
| Reserves and Surplus | 236.99 | 181.87 | 134.23 |
| Total Borrowing | 1,137.06 | 766.68 | 615.49 |
Key Ratios
EPS
₹8.61
NAV
₹61.57
RoNW
13.95%
P/B Value
2.57
P/E Ratio
18.35
Market Cap
₹825.83 Cr
PAT Margin
14.48%
Debt/Equity
4.42
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Moneyboxx Finance Ltd | 79.85 | 0.53% | 476.67 | 0.39 | 0.39 |
| Akme Fintrade (India) Limited | 89.56 | 11.09% | 0.94 | 8.28 | 8.28 |
| Csl Finance Ltd | 241.21 | 14.18% | 10.56 | 31.64 | 31.29 |
| Ugro Capital Ltd | 222.57 | 8.68% | 11.65 | 15.68 | 14.71 |
| SBFC Finance Limited | 29.4 | 11.39% | 34.38 | 3.21 | 3.15 |
| Five Star Business Finance | 214.13 | 18.6% | 20.62 | 36.61 | 36.5 |
| Mas Financial Services Ltd | 142.5 | 14.71% | 16.97 | 17.48 | 17.48 |
| Laxmi India Finance Limited This IPO | 61.57 | 15.66% | 17.99 | 8.78 | 8.78 |
Promoters
Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak vinimay Pvt.Ltd., Deepak Hitech Motors Pvt.Ltd., Prem dealers Pvt.Ltd. and Vivan Baid Family Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmentation of the capital base to meet the future capital requirements towards onward lending 151.59 2 Issue Expenses 20.91 Total 172.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹130.67 Cr in 31 Mar 2023, increasing to ₹175.02 Cr by 31 Mar 2024, and further rising to ₹248.04 Cr in 31 Mar 2025. This shows a consistent upward trend in revenue over the reported periods.
Profit Trend
Profit After Tax was ₹15.97 Cr in 31 Mar 2023, growing to ₹22.47 Cr in 31 Mar 2024, and reaching ₹36.01 Cr by 31 Mar 2025. This indicates a positive growth trajectory in profitability across the periods.
Valuation
Laxmi India Finance Limited's implied P/E at the issue price of ₹158 is approximately 18.35, compared to peers trading at P/E ratios ranging from 0.94 to 476.67.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It can indicate the expected demand for an IPO and the potential listing price, but it is not a guaranteed measure of future performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions, the company's growth potential, and their risk tolerance.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable investments may want to avoid IPOs like this, as they can be subject to high volatility and uncertainty in the early trading period.
IPO Timeline, Explained
The IPO opens for subscription on July 29, 2025, and closes on July 31, 2025. Allotment of shares will be done on August 1, 2025, with the listing date scheduled for August 5, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can vary based on market conditions and investor sentiment on the day of listing.
This evaluation is generated from Laxmi India Finance's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Laxmi India Finance IPO?
The price band of Laxmi India Finance IPO is ₹150.0–₹158.0 per share.
When does Laxmi India Finance IPO open and close?
Laxmi India Finance IPO opens on 29 July 2025 and closes on 31 July 2025.
When does Laxmi India Finance IPO list on the stock exchange?
Laxmi India Finance IPO listed on 05 August 2025 at ₹158.0.
What is the lot size for Laxmi India Finance IPO?
The lot size for Laxmi India Finance IPO is 94 shares, requiring a minimum investment of ₹14,852.
What is the price band for the IPO?
The price band for the IPO is ₹150.0 to ₹158.0.
What is the lot size for this IPO?
The lot size for this IPO is 94 shares.
What is the minimum investment required?
The minimum investment required is ₹14,852.0.
When does the IPO open and close?
The IPO opens on July 29, 2025, and closes on July 31, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected demand for an IPO before it officially lists on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Jul 2025
Close
31 Jul 2025
Allotment
01 Aug 2025
Listing
05 Aug 2025
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