Laxmi India Finance Limited is a Non-Banking Financial Company (NBFC – Middle Layer) registered with the Reserve Bank of India. Headquartered in Jaipur, Rajasthan, the company focuses on providing secured lending solutions to underserved and semi-urban customers — especially Micro, Small & Medium Enterprises (MSMEs), self-employed individuals, and small entrepreneurs.
With a strategic focus on priority sector lending, the company offers three core products:
- MSME Loans: Secured loans against residential or commercial property, from ₹0.05 million to ₹2.5 million, typically with a loan-to-value (LTV) ratio around 65% and tenures up to 84 months. Over 80% of MSME loans qualify as priority sector lending, directly supporting small businesses and economic growth.
- Vehicle Loans: Financing personal and commercial vehicles, including two-wheelers (up to ₹0.15 million), tractors (up to ₹0.7 million), and commercial vehicles (up to ₹1.5 million).
- Construction Loans: Secured loans for construction or renovation of residential and commercial property, up to ₹2.5 million, with interest rates ranging between 18–28%.
📊 Key Highlights (as of March 31, 2025):
- Assets Under Management (AUM): ₹12,770.18 million
• MSME loans: 76.34% of AUM
• Vehicle loans: 16.12% of AUM - Customer Base: 35,568 customers
• Including 18,596 active MSME customers and 12,423 active vehicle loan customers
• 48.78% growth from March 31, 2024
• 37.10% are first-time borrowers - Branch Network: Expanded to 158 branches (from 135 branches a year ago)
- Diversified Funding: Accessed funds from 47 lenders including 8 public sector banks, 10 private banks, 7 small finance banks, and 22 NBFCs
As of March 31, 2025, Laxmi India Finance Limited has built a strong physical presence with 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. The highest number of branches are located in Rajasthan, reflecting the company’s deep local roots.
To support this growing network, Laxmi India Finance has a dedicated team of 1,434 employees as of March 31, 2025. This includes 678 sales staff and 357 collection staff, alongside branch managers, credit managers, and relationship officers.
Laxmi India Finance IPO – Details
| IPO Opening Date | 29 July 2025 |
| IPO Closing Date | 31 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,60,92,195 Shares Worth ₹254.26 Crore Fresh Issue: 1,04,53,575 Shares Worth ₹165.17 Crore Offer For Sale: 56,38,620 Shares Worth ₹89.09 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹150 – ₹158 per share |
| Market Lot | 94 Shares |
| Min Order | 94 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Laxmi India Finance IPO – Date Schedule
| IPO Open Date | 29 July 2025 |
| IPO Close Date | 31 July 2025 |
| Basis of Allotment | 01 August 2025 |
| Initiation of Refund | 04 August 2025 |
| Credit of Shares to Demat Account | 04 August 2025 |
| IPO Listing Date | 05 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 31, 2025 |
Laxmi India Finance IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 94 | ₹14,852 |
| Retail (Max) | 13 | 1,222 | ₹1,93,076 |
| S-HNI (Min) | 14 | 1,316 | ₹2,07,928 |
| S-HNI (Max) | 67 | 6,298 | ₹9,95,084 |
| B-HNI (Min) | 68 | 6,392 | ₹10,09,936 |
Competitive Strength
- 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.
- The Company’s 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 Promoters
- Deepak Baid
- Prem Devi Baid
- Aneesha Baid
- Hirak vinimay Private Limited
- Deepak Hitech Motors Private Limited
- Prem dealers Private Limited
- Vivan Baid Family Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹130.67 Cr | ₹108.65 Cr | ₹15.97 Cr | ₹615.49 Cr |
| 31 March 2024 | ₹175.01 Cr | ₹145.38 Cr | ₹22.46 Cr | ₹766.68 Cr |
| 31 March 2025 | ₹248.04 Cr | ₹200.68 Cr | ₹36.00 Cr | ₹1,137.06 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 4.42 |
| RoNW | 13.95% |
| PAT Margin | 14.48% |
| EBITDA Margin | 66.07% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
| EPS (₹) | 8.61 | 6.89 |
| P/E (x) | 18.35 | 22.94 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Augmentation of the capital base to meet the future capital requirements towards onward lending. | 177.00 |
Laxmi India Finance IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Moneyboxx Finance Limited | 476.67 |
| 2 | 10 | SBFC Finance Limited | 34.38 |
| 3 | 1 | Five Star Business Finance Limited | 20.62 |
| 4 | 10 | MAS Financial Services Limited | 16.97 |
| 5 | 10 | CSL Finance Limited | 10.56 |
| 6 | 10 | Ugro Capital Limited | 11.65 |
| 7 | 10 | AKME Fintrade (India) Limited | 0.94 |
✅Strengths
- Strong presence in semi-urban & rural markets.
- Diversified secured lending (MSME, vehicle, construction loans).
- Steady growth in AUM & customer base.
- Experienced management team.
- Access to 47 funding partners.
- Conservative risk & collateral policies.
⚠️Risks
- Heavy dependence on MSME segment.
- Rising NPAs could hurt profitability.
- Need for continuous capital & liquidity.
- Regulatory and compliance risks.
- Operational & cyber security threats.
- Cash-based collections prone to fraud.
Laxmi India Finance IPO Promoter Holding
| Pre Issue Share Holding | 89.05% |
| Post Issue Share Holding | 60.45% |
Laxmi India Finance IPO Prospectus
Company Contact Information
| Laxmi India Finance Ltd. 2 DFL, Gopinath Marg, MI Road, Jaipur, Rajasthan, 302001 Phone: +91 9773376198 Email: investors@lifc.in Website: http://www.lifc.co.in/ |
Laxmi India Finance IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: laxmifinance.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Laxmi India Finance IPO Lead Manager(s)
| 1. PL Capital Markets Private Limited |
Laxmi India Finance IPO FAQs
| What is Laxmi India Finance IPO? Laxmi India Finance IPO is a main-board IPO. The issue is priced at ₹150 to ₹158 per equity share. The IPO is to be listed on BSE & NSE. |
| When will Laxmi India Finance IPO open? The IPO is to open on 29 July 2025 for QIB, NII, and Retail Investors. |
| What is Laxmi India Finance IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Laxmi India Finance IPO? You can apply Laxmi India Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Laxmi India Finance IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi India Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Laxmi India Finance IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi India Finance IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Laxmi India Finance IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi India Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Laxmi India Finance IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Laxmi India Finance IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Laxmi India Finance IPO Size? Laxmi India Finance IPO size is ₹254.26 Crore. |
| What is the Laxmi India Finance IPO Price Band? Laxmi India Finance IPO Price Band is ₹150 to ₹158. |
| What is Laxmi India Finance IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 94 Shares with ₹14,852 while the maximum bid is 1,222 Shares with ₹1,93,076. |
| What is the Laxmi India Finance IPO Allotment Date? Laxmi India Finance IPO allotment date is 01 August 2025. |
| What is the Laxmi India Finance IPO Listing Date? Laxmi India Finance IPO listing date is 05 August 2025. The IPO is to be listed on BSE and NSE. |
