Laxmi India Finance IPO subscribed 1.85 times
Last Updated: July 31, 2025, 19:00 IST
Representational image (Image: News18)
New Delhi, Jul 31 (PTI) The initial public offering of NBFC player Laxmi India Finance Ltd got subscribed 1.85 times on the closing day of the share sale on Thursday.
The initial share sale received bids for 2,09,59,744 shares against 1,13,12,816 shares on offer, according to NSE data.
The quota for retail individual investors got subscribed 2.19 times while the portion for non-institutional investors received 1.83 times subscription. Qualified institutional buyers (QIBs) part got subscribed 1.30 times.
Laxmi India Finance Ltd on Monday raised over Rs 75 crore from anchor investors.
The issue has a price band of Rs 150-158 per share.
The Jaipur-based company's IPO is a combination of fresh issue of 1.04 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.
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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.
PL Capital Markets is the sole book running lead manager to the IPO. PTI SUM TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Laxmi India Finance IPO subscribed 1.85 times Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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