Laxmi India Finance Share Price Lists Nearly 13% Lower on NSE Debut

Market Performance: Weak Listing for Laxmi India Finance

Shares of Laxmi India Finance made a lackluster debut on the stock market on August 5, opening well below the IPO price across both NSE and BSE.

Key Listing Highlights:

• NSE Listing Price: ₹137.52
• BSE Listing Price: ₹136.00
• IPO Issue Price: ₹158
• Discount on NSE: 12.96%
• Discount on BSE: 13.92%
• IPO Subscription Rate: 1.85 times
• Market Capitalization Post Listing: ₹710.84 crore

The IPO had a price band of ₹150–158, and the listing indicates a muted investor response.

Main News: Laxmi India Finance Lists Below Expectations

Despite receiving a 1.85x subscription, Laxmi India Finance saw its shares list at a significant discount on both exchanges. This decline in the Laxmi India Finance share price has drawn attention, especially considering its focus in the growing NBFC sector.

Company Details: About Laxmi India Finance

Laxmi India Finance Ltd is a non-deposit-taking NBFC based out of Jaipur, with a wide operational reach across five Indian states.

Operational Snapshot:

• Product Portfolio:
  • MSME Loans
  • Vehicle Loans
  • Construction Loans
  • Other Lending Services
• Branch Network:
  • 158 branches as of March 2025
  • Locations: Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh

Business Objective:

The company intends to deploy the IPO proceeds to:

• Strengthen capital base
• Support onward lending
• Meet general corporate needs

Summary of the Article

The Laxmi India Finance share price witnessed a weak listing, down nearly 13% on both NSE and BSE. Despite a modest IPO subscription and a diversified product range, investor sentiment at debut remained subdued. The company continues to expand its NBFC operations in key Indian states, using IPO funds to boost capital and drive lending growth.