IPO Details
Bidding Dates
29 Jul 25 - 31 Jul 25
Lot Size
Nil
Price Range ₹
Nil
Exchange Status
BSE,NSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
29 Jul 2025
Offer end
31 Jul 2025
Allotment
01 Aug 2025
Refund initiation
04 Aug 2025
Demat transfer
04 Sept 2025
Listing
--
Offer start
29 Jul 2025
Offer end
31 Jul 2025
Allotment
01 Aug 2025
Refund initiation
04 Aug 2025
Demat transfer
04 Sept 2025
About Company
Laxmi India Finance Limited, incorporated in 1996, is a Non-Banking Financial Company (NBFC) primarily focused on MSME lending, vehicle finance, and construction loans. The company supports small businesses, entrepreneurs, and first-time borrowers, with over 80% of MSME loans qualifying under Priority Sector Lending (PSL). As of March 31, 2025, the company: Manages an Asset Under Management (AUM) of ₹12,770.18 million Has a growing customer base of 35,568 (up 48.78% YoY) Operates 158 branches across Rajasthan, Gujarat, MP, and Chhattisgarh Works with 47 lenders, ensuring access to a wide pool of capital Laxmi India Finance’s IPO aims to raise capital for onward lending and support future growth.
Year Founded
10-05-1996
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 89.05 | 0 |
| Share Capital | 37236188 | 0 |
Offer to Public
1,60,92,195.00 Cr
Project Details
- None - Nonecr
Objectives
- Augmentation of our capital base to meet our future capital requirements towards onward lending
Highlights
- MSMEs account for over 76% of AUM and play a critical role in India’s economic fabric. Their loans qualify under Priority Sector Lending, attracting institutional funding and policy support.
- Revenue grew 42% YoY, and PAT rose 60%, showing scalability and efficient operations in a capital-intensive industry.
- With 158 branches, primarily in semi-urban and rural areas, the company taps into underserved credit markets, offering significant growth potential.
- Partnering with 47 lenders (public/private banks, SFBs, and NBFCs) reduces reliance on any single funding source and enhances liquidity.
- The hub-and-branch model, along with tech-based credit assessment and risk management, keeps operational costs in check while improving accessibility.
Challenges
- A Debt-to-Equity ratio of 4.42 is significantly high, indicating reliance on borrowed capital, which increases risk during credit tightening or interest rate hikes.
- EPS drops from ₹8.61 to ₹6.89 post-IPO, leading to a P/E increase from 18.35x to 22.94x, which may raise valuation concerns.
- Loans have interest rates ranging from 18% to 28%, which could pose repayment challenges in an economic slowdown, especially among MSMEs and first-time borrowers.
- Heavy presence in Rajasthan and a few neighboring states limits national exposure and increases risk from regional economic disruptions or local competition.
- With a growing base of first-time borrowers (37.1%), the company faces a potential rise in NPAs if creditworthiness assessments fall short.
