Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore
initial public offering
(IPO).
The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
others
MBA
Leadership
Product Management
Artificial Intelligence
Data Science
Project Management
CXO
Finance
Digital Marketing
Data Analytics
MCA
Cybersecurity
Management
Others
Design Thinking
healthcare
PGDM
Operations Management
Degree
Public Policy
Technology
Data Science
Skills you'll gain:
Duration:
16 Weeks
Indian School of Business
CERT - ISB Cybersecurity for Leaders Program India
Starts on
undefined
Get Details
The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore
equity
shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band.
Proceeds from the fresh issue will be used to shore up its
capital
base to meet future capital requirements towards onward lending and for general corporate purposes.
Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers.
Live Events
As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network.
Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025.
The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period.
PL Capital Markets is the sole book-running lead manager to the public issue.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
28 minutes ago
- The Hindu
Andhra Pradesh govt. unveils Electronics Component Manufacturing Policy 2024–29
The government on Friday notified the Andhra Pradesh Electronics Component Manufacturing Policy (4.0) 2024–29 (ECMP) aimed at boosting manufacturing capacities in the electronics sector and establishing a robust semiconductor and display fabrication ecosystem in the State. According to a G.O. issued by Katamneni Bhaskar, Secretary (IT, Electronics & Communications), the ECMP is aligned with the Government of India's Electronics Component Manufacturing Scheme and focuses on building an electronics component manufacturing ecosystem that contributes significantly to the State's economic development. The policy seeks to integrate State-based companies into the global electronics value chain, thereby enhancing their position within the supply network. The ECMP will remain in force for five years, during which the State government will extend incentives to eligible companies, as detailed in separate operational guidelines to be notified later. The policy emphasises the development of Component Manufacturing Clusters (CMCs) with shared facilities in strategic locations such as Tirupati, Anantapur, Visakhapatnam, Kopparthy, and Nellore. These CMCs will specialise in areas like printed circuit boards, display technologies, optoelectronics, and passive components. The policy also aims to enhance the Speed of Doing Business, reduce operational costs through infrastructure development, and provide ready-built factory shells and plug-and-play facilities. In addition, it targets the attraction of global anchor firms in key component segments by offering customised support packages and incentives for supply chain partners to participate in building the CMCs.
&w=3840&q=100)
Business Standard
35 minutes ago
- Business Standard
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
India's net revenues from goods and services tax (GST) grew by a marginal 1.7 per cent in July to ₹1.68 trillion, thanks largely to a sharp spike in refunds even as gross collections from the indirect tax were up 7.5 per cent at almost ₹ 1.96 lakh crore. July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent. Net revenues from domestic transactions, in fact, contracted 0.2 per cent in July, even though gross domestic revenues were up 6.7 per cent, as refunds for domestic transactions more than doubled to nearly ₹17,000 crore from under ₹8,000 crore in July 2024. GST refunds to exporters grew at a slower pace of 20 per cent and added up to a little over ₹10,000 crore, so net revenues from imports were up 7.5 per cent at ₹42,548 crore. Gross revenues from imports rose 9.7 per cent prior to refunds, to touch nearly ₹53,000 crore. 'Higher refunds on domestic supplies could be from excess tax payments, inverted duty structures, and other adjustments. The increased refunds should aid cash flows for businesses,' observed Abhishek Jain, indirect tax head and partner at KPMG. Sequentially, July's net GST collections, for transactions undertaken in June, were nearly 6 per cent higher than from ₹1.59 trillion reported in June. In May and April, the net GST receipts were registered at ₹1.73 trillion and ₹2.09 trillion respectively. In the first four months of financial year 2025-26, net GST revenues are up 8.4 per cent at ₹7.11 trillion, with domestic revenues rising 6.1 per cent to ₹5.6 trillion and import revenues surging 18.1 per cent to almost Rs. 1.51 trillion. Gross GST revenues, before effecting refunds, are up 10.7 per cent to ₹8.18 trillion, while refunds have risen 29 per cent to about ₹1.07 trillion. 'The growth in net monthly collection is only 1.7 per cent as against YTD (year-to-date) growth of 8.4 per cent, though partly attributed to significant increase in refunds,' said Pratik Jain, partner with Price Waterhouse & Co LLP. 'After a tepid growth in the previous month as well, the GST Council may like to discuss the possible measures to augment the revenues in the next meeting. With the GST Compensation Cess going away, the states may also be a bit more concerned about the slowdown in GST collections,' Jain remarked. MS Mani, partner at Deloitte India noted that though there has been a focus on domestic manufacturing and import substitution, the GST revenue numbers indicate that the gross GST domestic revenue risen only 9 per cent so far this year, while import revenues have risen 16 per cent. The spike in refunds augurs well for businesses as it signals quicker processing by the tax authorities, he said. Mani also pointed to the weak growth in revenues amongst large producing and consuming states — from 2 per cent for Delhi, 3 per cent for Gujarat, 4 per cent for Rajasthan, 6 per cent for Maharashtra, 7 per cent for Karnataka and Uttar Pradesh, and 8 per cent for Tamil Nadu. The state-wise data shows smaller states and Union Territories like Tripura (41 per cent), Andaman and Nicobar Islands (31 per cent), and Meghalaya (26 per cent) posted over 25 per cent growth in July. , Uttar Pradesh (7 per cent) reported single digit growth. Mizoram, Manipur and Lakshdweep clocked contractions of 21 per cent, 36 per cent and 52 per cent, respectively, as did Jammu and Kashmir (-5 per cent), Chhatisgarh (-4 per cent), and Jharkhand (-3 per cent).
Time of India
39 minutes ago
- Time of India
World War III fears grow as Trump sends nuclear submarines toward Russia — fires back at Putin crony's bold threat
Donald Trump orders U.S. nuclear submarines near Russia after Medvedev's warning sparks global tension- In a dramatic turn of global events, President Donald Trump has ordered two U.S. nuclear submarines to be strategically deployed near Russian waters. This powerful move comes after Russia's Dmitry Medvedev, former president and current deputy chairman of the Security Council, made what Trump called 'foolish and inflammatory' threats, evoking Cold War-era nuclear rhetoric. The decision is not just a military maneuver—it is a strong geopolitical message amid rising global tensions and ongoing conflict in Ukraine. Donald Trump responds to Medvedev's nuclear threats with submarine deployment Tensions between the U.S. and Russia are reaching a boiling point after President Donald Trump ordered two nuclear submarines to reposition closer to Russian waters. This dramatic military maneuver was a direct response to former Russian President Dmitry Medvedev's alarming nuclear rhetoric, where he warned of retaliatory measures over Trump's Ukraine ceasefire deadline. Trump framed the move as a "precaution," yet it marks one of the boldest nuclear postures by a U.S. president since the Cold War. His administration is sending a clear signal: America won't tolerate escalatory threats from Moscow. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Artificial Intelligence Degree Data Science Others Product Management MBA Leadership Finance Healthcare CXO Public Policy Operations Management PGDM MCA Data Science Management Technology Cybersecurity Data Analytics healthcare others Design Thinking Digital Marketing Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details But Trump's move isn't just about deterring Russia militarily—it's part of a broader pressure campaign that includes punishing economic measures. Alongside the submarine deployment, Trump is ramping up tariffs and trade restrictions, directly tying them to global alliances and behavior, especially countries with growing ties to Russia. This includes India, a key member of the BRICS alliance, which has continued importing discounted Russian oil and weapons. With NATO on edge and global markets rattled, Trump's military and economic posture is designed to reassert American dominance on multiple fronts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Things Women Should NEVER Wear! Undo Trump, reacting via his Truth Social account, stressed that the U.S. cannot afford to ignore such escalatory language. Calling Medvedev's rhetoric 'provocative,' Trump revealed that two nuclear-powered submarines have been moved to undisclosed locations near Russia 'as a precautionary measure.' His words echoed a deepening concern that the world is again walking a tightrope between diplomacy and destruction. US nuclear submarines positioned as warning signal to Russia The deployment of U.S. nuclear submarines near Russia serves a dual purpose—military deterrence and strategic signaling. While Trump emphasized that the move is defensive and meant to 'avoid unintended consequences,' analysts say this marks one of the most visible escalations between the U.S. and Russia in recent years. Live Events The submarines involved are part of the U.S. Navy's Ohio-class ballistic missile fleet, capable of carrying dozens of nuclear warheads. Their undetectable stealth and immense power make them one of the most formidable assets in America's strategic arsenal. This development is especially critical as it comes at a time when U.S.–Russia relations are already strained over the prolonged war in Ukraine, cyber threats, and economic sanctions. Trump's decisive move may shift the global chessboard and intensify calls for diplomatic engagement before the situation spirals further. Dmitry Medvedev revives Cold War-era nuclear warnings At the center of this high-stakes exchange is Dmitry Medvedev, who has increasingly taken on a more hawkish and aggressive tone in recent months. In his latest statement, Medvedev dismissed Trump's suggested Ukraine ceasefire plans and instead referenced Russia's massive nuclear arsenal. He also mentioned the 'Dead Hand' system —a Cold War legacy technology rumored to automatically launch Russia's nuclear weapons if national leadership is wiped out. This chilling detail sent shockwaves through Western governments and likely played a major role in Trump's rapid military response. Medvedev's public comments appear designed to demonstrate Russia's refusal to be bullied or coerced into surrendering geopolitical ground, especially in the ongoing conflict with Ukraine. Is Trump targeting India and BRICS with tariffs over Russia ties? Yes, and the message is loud and clear. President Trump has slapped a 25% tariff on Indian imports, followed by a penalty tied to India's continued trade with Russia. His administration is increasingly frustrated with BRICS nations—including India, Brazil, and China—who've maintained or deepened economic ties with Moscow despite the ongoing war in Ukraine. India's position is particularly sensitive: while it maintains strategic autonomy, its oil purchases from Russia and growing defense partnerships have drawn Trump's ire. U.S. officials even suggested India is being "made an example" to deter other nations from ignoring Washington's red lines. Trump's trade strategy is deeply intertwined with his foreign policy objectives. He's not only seeking better deals for the U.S. but also using tariffs as leverage to isolate Russia and disrupt emerging multipolar alliances like BRICS. Some U.S. lawmakers have gone as far as proposing 500% secondary tariffs on countries that continue to fund what they call "Putin's war machine." The timing is no coincidence—Trump's submarine deployment near Russia and economic pressure on India are part of the same high-stakes chess game. By linking military deterrence with aggressive trade tactics, Trump is reshaping the global order on his terms. Trump's decision sends global markets and foreign leaders on alert The announcement came as a shock to many international leaders, with NATO allies quickly convening emergency briefings to assess potential fallout. Several European nations have voiced concern about the dangerous path being carved by nuclear saber-rattling on both sides. Financial markets also reacted with caution. Global stocks dipped, oil prices surged, and defense stocks rallied as investors priced in the risk of growing military conflict. Analysts warned that such volatile moves could create long-term instability unless world leaders return to diplomatic channels. The United Nations issued a statement urging both the U.S. and Russia to exercise restraint and avoid inflammatory actions that could further escalate nuclear tensions. The Ukraine war continues to fuel global geopolitical instability The Ukraine–Russia war, now in its third year, remains a core source of global instability. President Trump has repeatedly insisted that Russia must agree to a ceasefire and begin peace talks, warning of strict deadlines and harsher consequences. However, Moscow has resisted U.S. pressure, and the Kremlin continues to frame the conflict as a defensive effort against NATO expansion. Trump's latest move underscores just how intertwined the nuclear issue has become with the broader Ukraine war. Experts fear that any misstep—verbal or strategic—could ignite a new, more dangerous chapter in this long-running conflict. Analysts warn of heightened nuclear risk and diplomatic breakdown Nuclear policy experts across the globe have raised alarms, cautioning that any military escalation involving nuclear assets, especially submarines, could be misinterpreted as a preparation for attack. 'This is a very delicate moment,' said Dr. Elena Petrov, a nuclear strategy analyst at the Atlantic Institute. 'By publicizing the submarine deployment, Trump is both deterring aggression and potentially increasing the likelihood of misunderstanding or miscalculation by the Russians.' She added that in a world where communication can be instantaneous but filtered through political rhetoric, leaders must be especially cautious. 'What's said online or in speeches can spark real-world consequences—especially when nuclear weapons are involved.' Trump defends the move as necessary caution, not aggression In the face of mounting criticism, President Trump defended his decision. He emphasized that the U.S. had no plans to initiate conflict but could not sit idle while a senior Russian official made what he termed 'reckless threats.' Trump insisted the move was not just about protecting American interests but also about showing strength in the face of intimidation. 'Words matter,' he wrote. 'When someone threatens nuclear retaliation, we must take it seriously.' This response plays into Trump's broader strategy of projecting American strength on the world stage, particularly in matters involving national security, energy dominance, and great power competition. Will nuclear brinkmanship replace diplomacy? The current climate raises difficult questions about the future of international diplomacy. With both Washington and Moscow hardening their stances, and with war still raging in Eastern Europe, the room for peaceful resolution appears to be narrowing. Analysts warn that mutual threats and weapons deployments only serve to erode what little trust remains between the superpowers. The absence of formal arms control talks, especially after the collapse of key nuclear treaties in recent years, makes these moments even more dangerous. Whether this incident becomes a turning point for reengagement—or the beginning of a new era of nuclear brinkmanship—remains to be seen. He world watches as nuclear tension rises between U.S. and Russia Trump's bold decision to deploy nuclear submarines close to Russian territory has transformed a war of words into a potential flashpoint. His warning to Medvedev—combined with the reality of submarine positioning—sends a clear message that the U.S. is ready to defend its interests and allies, even at great risk. At the same time, the move has rattled the international community, highlighting the urgent need for renewed diplomacy, strategic calm, and nuclear de-escalation. For now, all eyes are on what happens next—because in a world with nuclear weapons, miscommunication can become catastrophe in a matter of minutes. FAQs: Q1: Why did Donald Trump deploy nuclear submarines near Russia? To respond to Medvedev's nuclear threats and rising tensions over Ukraine. Q2: What did Dmitry Medvedev say that triggered Trump's decision? He warned of Russia's Cold War-era nuclear retaliation system, the 'Dead Hand.'
