Laxmi India Finance IPO: Date, Overview, And GMP

Laxmi India Finance IPO - Complete Overview

Laxmi India Finance IPO, a Mainboard IPO, is a book-built issue of Rs. 254.26 Cr (1.61 Cr Shares) by Laxmi India Finance Limited. The company was founded in 1996 and began providing business under a Non-Banking Financial Company.

In FY25, Laxmi Finance had the second-highest return on net worth among its peers (Source: CARE Report).

The company aids small businesses and entrepreneurs with MSME loans, vehicle loans, construction loans, and other lending products, with over 80% of MSME loans qualifying as Priority Sector Lending.

Offerings:

MSME Finance: The company provides loans secured against residential or commercial property for MSMEs with loan amounts of Rs. 0.05 million to Rs. 2.5 million with an LTV ratio of 65% and a tenure of up to 84 months.

Vehicle Finance: The company offers secured vehicle loans for personal and commercial vehicles, including financing for commercial vehicles of up to Rs. 1.5 million, two-wheelers up to Rs. 0.15 million, and tractors up to Rs. 0.7 million.

Construction Loans: The company grants secured loans to retail customers against residential or commercial property for construction or renovation, with loan amounts up to Rs. 2.5 million.

Key Facts as of March 31, 2025

Assets Under Management (AUM): MSME and vehicle loans comprised 76.34% and 16.12% of the AUM Rs. 12,770.18 Mn in 2025, respectively.

Customer base: As of March 31, 2024, customers increased from 23,906 to 35,568, including 18,596 active MSME customers and 12,423 active vehicle loan customers, signifying a 48.78% increase. Among the total customer base, 37.10% consists of first-time borrowers.

Branch network: The company experienced growth of 23 branches from 135 to 158 between March 31, 2024, and the current date. The company has the maximum branches in Rajasthan and others in Chhattisgarh, MP, etc.

It has obtained funds from 47 lenders comprising 22 NBFCs, 10 private banks, 7 small finance banks, and 8 public sector banks.

This new IPO is to be launched on 29 July 2025, and the initial public offering of this upcoming IPO will end on 31 July 2025.

If you want to apply for the IPO, click to open a Demat Account.

 

 

Laxmi India Finance IPO Details

The Rs. 254.26 crore mainline IPO comprises a combination of fresh issue of 1.05 crore shares (Rs. 165.17 Cr) and an offer for sale (OFS) of 0.56 crore shares (Rs. 89.09 Cr).

The IPO listing date is on Tuesday, 05 August  2025, and it will be listed at BSE and NSE. The Laxmi India Finance IPO price band is Rs. 150 to Rs. 158 for each Share.

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	1,412.52	984.85	778.71
Total Revenue	248.04	175.02	130.67
PAT	36.01	22.47	15.97
Net Worth	257.47	201.22	152.33
Reserves and Surplus	236.99	181.87	134.23
Borrowings	1,137.06	766.68	615.49

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(3,112.64)	(2,237.56)	(1,694.12)
Net Cash Flow Investing Activities	(183.87)	(67.94)	51.39
Net Cash Flow Financing Activities	3,898.11	1,775.36	2,126.77

 

Business-wise AUM Breakdown

(Amount in millions)

Branch-wise AUM Breakdown

(Amount in millions)

Channel-wise AUM Breakdown

(Amount in millions)

(Source RHP)

 

The Objective of The Issue

Expansion of the capital base to satisfy upcoming capital needs for subsequent lending.

Click to check the IPO application status.

 

Peers of Laxmi India Finance Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Mas Financial Services Ltd.	10	17.48	16.97
Five Star Business Finance Limited	1	36.61	20.62
SBFC Finance Limited	10	3.21	34.38
Ugro Capital Limited	10	15.68	11.65
CSL Finance Limited	10	31.64	10.56
AKME Fintrade (India) Limited	10	8.28	0.94
Moneyboxx Finance Limited	10	0.39	476.67

 

Detailed Video

 

Evaluation

The Laxmi India IPO price is between Rs. 150 to Rs. 158 for each Share.

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 8.78 from the last year, the resulting P/E ratio is 17.99x.

Considering the weighted EPS of Rs. 7.26 for the last three years, the P/E ratio is 21.76x.

Explore the Shanti Gold International IPO.

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 81.68x.

Particulars	P/E Ratio (x)
Highest	476.67
Lowest	0.94
Average	81.68

In simple words, the P/E ratio of this IPO is 17.99x, compared with the industry’s average P/E of 81.68x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths 

• Target MSME funding.

• Availability of affordable capital and diversified funding sources.

• Risk analysis and management framework of comprehensive credit evaluation and underwriting.

• Increased penetration into the rural and semi-urban regions through a combination of direct and indirect sourcing channels.

 

 

IPO’s Weaknesses

• MSME loans focusing on a certain industry increase the chances of borrower default if the entire industry faces a downturn.

• LIFC’s focus on operations in one region, together with its reliance on Rajasthan, makes the firm vulnerable to region-specific disruptions and fluctuations in the level of industry regulation.

• Sustained negative operating cash flows increase long-term liquidity risk, resulting in prolonged difficulty managing daily cash outflows. 

 

Laxmi India Finance IPO GMP 

Laxmi India Finance IPO GMP today has not started yet as of 23 July 2025, while writing this information.

Laxmi India Finance Limited IPO Timetable (Tentative)

The IPO open date is from Jul 29 to Jul 31, with IPO allotment on Aug 01, refund initiation on Aug 04, and listing on Aug 05, 2025.

Events	Date
IPO Opening Date	Jul 29, 2025
IPO Closing Date	Jul 31, 2025
IPO Allotment Date	Aug 01, 2025
Refund Initiation	Aug 04, 2025
IPO Listing Date	Aug 05, 2025

 

Laxmi India Finance IPO Details 

The Laxmi India Finance Limited IPO with a face value of Rs. 5 per Share offers a total issue size of 1,60,92,195 Shares (Rs. 254.26 Cr) and will be listed at BSE and NSE.

IPO Opening & Closing Date	Jul 29, 2025 to Jul 31, 2025
Face Value	Rs. 5 per Share
Issue Price	Rs. 150 to Rs. 158
Lot Size	94 Shares
Issue Size	1,60,92,195 Shares (Rs. 254.26 Cr)
Offer for Sale	56,38,620 Shares (Rs. 89.09 Cr)
Fresh Issue	1,04,53,575 Shares (Rs. 165.17 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Private Limited (Link Intime)

Laxmi India Finance IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (94 Shares) amounting to Rs. 14,852 and 13 Lots (1222 Shares) amounting to Rs. 1,93,076, respectively, while for HNI investors, the minimum Lot is 14 (1316 Shares) amounting to Rs. 2,07,928.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
S-HNI (Minimum)	14 Lots
S-HNI (Maximum)	67 Lots
B-HNI (Minimum)	68 Lots

 

 

Laxmi India Finance IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Promoters And Management of Laxmi India Finance Ltd.

• Deepak Baid

• Prem Devi Baid

• Aneesha Baid

• Hirak Vinimay Private Limited

• Deepak Hitech Motors Private Limited

• Prem Dealers Private Limited

• Vivan Baid Family Trust.
  
  

Pre-Issue Promoter Shareholding	89.05%
Post-Issue Promoter Shareholding	-

 

Laxmi India Finance IPO Lead Managers

• PL Capital Markets Private Limited.

 

Dividend Policy

The company has paid no dividends in the last three fiscal years.

 

 

Conclusion

Laxmi India Finance IPO emphasizes MSME lending, and its servicing of rural markets. Expanding competitive P/E valuation adds to its appeal. However, it poses some risks related to MSME concentration, negative cash flows, etc. Investors in this IPO must analyse the positives and negatives before taking any decision.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.