Laxmi India Finance IPO Subscription Status
The IPO opened to a slow response, with overall subscription hovering close to just 1% in the initial hours of bidding. However, retail investors showed relatively better interest, with the retail portion receiving 14–15% subscription for the 55.75 lakh shares reserved for them.
“The Non-Institutional Investor (NII) segment recorded only 0.03% subscription so far, with 77,926 shares bid against an allocation of 23.89 lakh shares. Meanwhile, Qualified Institutional Buyers (QIBs) have not submitted any bids yet for their 31.86 lakh share quota. The employee reserved portion saw 9% subscription for the 1.60 lakh shares allotted.
The IPO’s price band is set between Rs 150 and Rs 158 per share, and the issue aims to raise up to Rs 254 crore through a book-built issue. The IPO opened for subscription today, July 29, and will remain open until July 31, 2025.
Laxmi India Finance IPO GMP Today
The grey market premium (GMP) for the IPO is around Rs 9, suggesting a potential listing price of approximately Rs 167, which reflects an implied premium of about 5.7% over the upper end of the price band.The IPO comprises a fresh issue of 1.04 crore shares worth Rs 165.17 crore and an offer for sale of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders. Retail investors can apply for a minimum lot size of 94 shares, which amounts to Rs 14,852 on upper price band.Shares of Laxmi India Finance are proposed to be listed on both the BSE and NSE, with a tentative listing date of August 5.
About the Company
The company intends to use the proceeds from the fresh issue primarily to augment its capital base and meet future lending requirements.
As of March 2025, Laxmi India Finance had assets under management (AUM) of Rs 1,277 crore, with MSME loans comprising 76.34% of its total portfolio. Its loan book is diversified across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 158 branches and over 35,500 active customers, including a significant share of first-time borrowers.
Laxmi India has shown strong growth in its financials. Revenue increased 42% year-on-year to Rs 248 crore in FY25, while profit after tax rose 60% to Rs 36 crore.
Backed by a mix of high-yield lending products, deep regional reach, and growing demand for formal credit among underserved segments, Laxmi India Finance offers investors a compelling entry into the expanding MSME lending space. The IPO is being managed by PL Capital Markets, with Link Intime as the registrar.
Should you subscribe Laxmi India Finance IPO
“Laxmi India Finance Limited (LIFL) focuses on catering to the financial needs of underserved customers, particularly in the MSME segment. Over the past three fiscal years, the company has shown steady growth in both total income and net profit, reporting Rs. 130.67 crore / Rs. 15.97 crore in FY23, Rs. 175.02 crore / Rs. 22.47 crore in FY24, and Rs. 248.04 crore / Rs. 36.01 crore in FY25. The company’s average earnings per share (EPS) over the last three years stood at Rs. 7.26, with an average return on net worth (RoNW) of 14.01%. Based on the annualized earnings for FY25, the IPO is priced at a price-to-earnings (P/E) ratio of 22.93, while the P/E based on FY24 earnings is 36.74. ” according to a Bajaj Broking report. The broking firm recommends subscribing to the IPO for long-term investment.
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