Laxmi India Finance Share Price: IPO Price Band Set at Rs 150-158 Per Share – All You Need to Know

Market Performance

Laxmi India Finance Ltd, a Rajasthan-based NBFC, has officially declared the IPO price band in the range of Rs 150 to Rs 158 per share. The public offering is scheduled to open on July 29 and will close on July 31, 2025.

Key listing and allocation dates include:

• Anchor Book Opening: July 28
• Basis of Allotment: August 1
• Refund & Credit of Shares: August 4
• Listing Date: August 5

At the higher end of the price band, the IPO is likely to fetch around ₹252 crore.

Main News: IPO Structure and Fund Use

The IPO of Laxmi India Finance comprises a total of 1.6 crore equity shares, divided as:

• Fresh Issue: 1.04 crore shares
• Offer for Sale (OFS): 56.38 lakh shares (by existing promoters)

Key IPO Highlights:

• Estimated Issue Size: ₹252 crore
• Use of Funds (Fresh Issue): Strengthening the capital base for future lending
• Use of Funds (OFS): Proceeds to go to promoters
• Lead Manager: PL Capital Markets

This marks a significant development in the NBFC sector, given the company’s regional presence and aggressive expansion.

Company Details

Laxmi India Finance is a non-banking financial company (NBFC) operating across five states:

• Rajasthan
• Gujarat
• Madhya Pradesh
• Chhattisgarh
• Uttar Pradesh

The company offers an extensive portfolio of loan products, including:

• MSME Loans
• Vehicle Loans
• Construction Loans

Branch Network:

As of March 2025, the company operated 158 branches.

Financial Performance Overview

Laxmi India Finance showcased strong financial growth in FY25, backed by increased lending and branch expansion.

Assets Under Management (AUM)

• FY24: ₹961.4 crore
• FY25: ₹1,277 crore
• Growth: +32.8%

Loan Portfolio Composition

• MSME Loans: 76.34%
• Vehicle Loans: 16.12%
• (Remaining is from construction and other loans)

Revenue & Profit Breakdown

Net Interest Income

• FY24: ₹81.4 crore
• FY25: ₹116.7 crore
• Growth: +43.4%

Net Profit

• FY24: ₹22.6 crore
• FY25: ₹35.9 crore
• Growth: +58.7%

This consistent growth highlights the company’s rising profitability and operational efficiency.

Asset Quality Metrics

While growth remains robust, asset quality has seen some pressure:

Gross NPA

• FY24: 0.73%
• FY25: 1.07%

Net NPA

• FY24: 0.33%
• FY25: 0.48%

This slight uptick in NPAs reflects the broader NBFC sector trend of post-pandemic recovery.

Peer Comparison

Laxmi India Finance operates in a competitive space, facing off against well-established NBFCs such as:

• MAS Financial Services
• Five Star Business Finance
• SBFC Finance
• Ugro Capital
• CSL Finance
• AKME Fintrade
• Moneyboxx Finance

These peers offer context to where Laxmi India Finance may position itself post-listing.

Summary of the Article

Laxmi India Finance has launched its IPO with a price band of Rs 150–158 per share, opening on July 29 and listing on August 5, 2025. The offering includes 1.6 crore equity shares, with an estimated issue size of Rs 252 crore. The company plans to utilize the proceeds from the fresh issue to strengthen its capital base.

In FY25, Laxmi India Finance reported strong financials:

• Net Profit: ₹35.9 crore (+58.7%)
• Net Interest Income: ₹116.7 crore (+43.4%)
• AUM: ₹1,277 crore

While its NPA levels have slightly risen, overall growth remains solid. With 158 branches and a diverse loan portfolio, the company is gearing up to establish a strong presence post-listing.