Latest news with #LaxmiIndiaFinance
Mint
8 hours ago
- Business
- Mint
Laxmi India Finance IPO subscribed 0.37x on Day 1; retail shows higher participation
The initial public offering (IPO) of Laxmi India Finance received a muted response on its first day of bidding (July 29), with investors placing bids for 42.40 lakh shares against a total offer of 1.13 crore shares, resulting in an overall subscription of 0.37 times by the end of Day 1, according to exchange data. The retail investors' portion was subscribed 0.61 times, while the non-institutional investors' (NII) portion was booked 0.19 times. The Qualified Institutional Buyers' (QIB) portion saw a subscription of just 0.10 times. Laxmi India Finance aims to raise ₹ 254.26 crore through the IPO, comprising a fresh issue of 1.05 crore shares aggregating to ₹ 165.17 crore and an offer for sale of 0.56 crore shares worth ₹ 89.09 crore. The IPO lot size is fixed at 94 shares, requiring a minimum investment of ₹ 14,852 for retail investors. The issue price has been set in the range of ₹ 150–158 per share. The allotment for the IPO is expected to be finalized on Friday, August 1, 2025, with shares scheduled to list on both NSE and BSE on Tuesday, August 5. PL Capital Markets Private Limited is the book-running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. The company plans to utilize the proceeds to augment its capital base and meet future lending requirements. As of today, the grey market premium (GMP) for the Laxmi India Finance IPO stands at ₹ 0 per share, indicating that the shares are expected to list at par with the issue price. The GMP reflects the anticipated difference between an IPO's issue price and its expected listing price in the unofficial market. However, it is only a preliminary indicator and should not be the sole basis for investment decisions. The company is a non-deposit taking non-banking financial company focused on serving the financial needs of underserved customers in India's lending market. As on March 31, 2025, its operational network spans across 158 branches in rural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Laxmi Finance has the widest reach in Rajasthan in terms of being the company with highest number of branches amongst its peers for the period ending FY25, the company said in its RHP report, citing CARE Report. Its product portfolio includes MSME loans, vehicle loans, construction loans and other lending products catering to the diverse financial needs of its customers. The company's MSME lending fuels economic growth and promotes financial inclusion by supporting small businesses and entrepreneurs, with over 80% of its MSME loans qualifying as Priority Sector Lending under RBI guidelines. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
10 hours ago
- Business
- Business Standard
Laxmi India Finance IPO subscribed 37%
The offer received bids for 42.06 lakh shares as against 1.13 crore shares on offer. The initial public offer of Laxmi India Finance received bids for 42,06,782 shares as against 1,13,12,816 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (29 July 2025). The issue was subscribed 0.37 times. The issue opened for bidding on 29 July 2025 and it will close on 31 July 2025. The price band of the IPO is fixed between Rs 150 and 158 per share. An investor can bid for a minimum of 94 equity shares and in multiples thereof. The initial public offer (IPO) consists of a fresh issue of 1.045 crore equity shares to raise Rs 156.80 crore at the lower band of Rs 150 per share (face value Rs 5 per share) and Rs 165.17 crore at the upper band of Rs 158 per share. The issue also has an offer for sale (OFS) of 56.39 lakh equity shares from the promoter and promoter group to raise Rs 89.09 crore at the upper price band. The promoter shareholding will decline to 60.5% post-IPO from 89.1% pre-IPO. The net proceeds from the fresh issue will be used for augmenting the capital base to meet future capital requirements. The issue will bring the benefits of listing the equity shares on the stock exchanges, including enhancing brand image among existing and potential customers and creating a public market for the equity shares in India. Laxmi India Finance, incorporated in 1996, is a non-deposit-taking NBFC focused on serving underserved customers in rural, semi-urban, and urban areas across five states. Its loan portfolio includes MSME, vehicle, and construction loans, with MSME loans contributing over 76% of its ₹1,277 crore AUM as of March 2025. The company operates 158 branches and serves over 35,000 customers. With a capital adequacy ratio of 20.80% and an improved credit rating of A- (Positive) from Acuite, it leverages technology across operations and maintains a strong risk management framework. Promoted by Deepak Baid, Laxmi India has recorded robust growth with a two-year AUM CAGR of 36%. Ahead of the IPO, Laxmi India Finance on Monday, 28 July 2025, raised Rs 5 crore from anchor investors. The board allotted 3.16 lakh shares at Rs 158 each to 11 anchor investors. The firm reported a consolidated net profit of Rs 36.01 crore and sales of Rs 245.71 crore for the twelve months ended on 31 March 2025.
Economic Times
14 hours ago
- Business
- Economic Times
Laxmi India Finance IPO opens for subscription. Check GMP, review, and more
The Initial Public Offering (IPO) of Laxmi India Finance, a Rajasthan-based non-banking financial company (NBFC) focused on MSME and vehicle loans, opened for subscription today, July 29, 2025. In the first 30 minutes of bidding, the IPO witnessed a subdued overall response, with total subscription just inching toward 1%. The grey market premium for the IPO is about 5.7% over the upper price band of Rs 158. ADVERTISEMENT The IPO opened to a slow response, with overall subscription hovering close to just 1% in the initial hours of bidding. However, retail investors showed relatively better interest, with the retail portion receiving 14–15% subscription for the 55.75 lakh shares reserved for them. "The Non-Institutional Investor (NII) segment recorded only 0.03% subscription so far, with 77,926 shares bid against an allocation of 23.89 lakh shares. Meanwhile, Qualified Institutional Buyers (QIBs) have not submitted any bids yet for their 31.86 lakh share quota. The employee reserved portion saw 9% subscription for the 1.60 lakh shares allotted. The IPO's price band is set between Rs 150 and Rs 158 per share, and the issue aims to raise up to Rs 254 crore through a book-built issue. The IPO opened for subscription today, July 29, and will remain open until July 31, grey market premium (GMP) for the IPO is around Rs 9, suggesting a potential listing price of approximately Rs 167, which reflects an implied premium of about 5.7% over the upper end of the price band. ADVERTISEMENT The IPO comprises a fresh issue of 1.04 crore shares worth Rs 165.17 crore and an offer for sale of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders. Retail investors can apply for a minimum lot size of 94 shares, which amounts to Rs 14,852 on upper price of Laxmi India Finance are proposed to be listed on both the BSE and NSE, with a tentative listing date of August 5. ADVERTISEMENT The company intends to use the proceeds from the fresh issue primarily to augment its capital base and meet future lending requirements. ADVERTISEMENT As of March 2025, Laxmi India Finance had assets under management (AUM) of Rs 1,277 crore, with MSME loans comprising 76.34% of its total portfolio. Its loan book is diversified across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 158 branches and over 35,500 active customers, including a significant share of first-time India has shown strong growth in its financials. Revenue increased 42% year-on-year to Rs 248 crore in FY25, while profit after tax rose 60% to Rs 36 by a mix of high-yield lending products, deep regional reach, and growing demand for formal credit among underserved segments, Laxmi India Finance offers investors a compelling entry into the expanding MSME lending space. The IPO is being managed by PL Capital Markets, with Link Intime as the registrar. ADVERTISEMENT "Laxmi India Finance Limited (LIFL) focuses on catering to the financial needs of underserved customers, particularly in the MSME segment. Over the past three fiscal years, the company has shown steady growth in both total income and net profit, reporting Rs. 130.67 crore / Rs. 15.97 crore in FY23, Rs. 175.02 crore / Rs. 22.47 crore in FY24, and Rs. 248.04 crore / Rs. 36.01 crore in FY25. The company's average earnings per share (EPS) over the last three years stood at Rs. 7.26, with an average return on net worth (RoNW) of 14.01%. Based on the annualized earnings for FY25, the IPO is priced at a price-to-earnings (P/E) ratio of 22.93, while the P/E based on FY24 earnings is 36.74. " according to a Bajaj Broking report. The broking firm recommends subscribing to the IPO for long-term investment. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
14 hours ago
- Business
- Time of India
Laxmi India Finance IPO opens for subscription. Check GMP, review, and more
The Initial Public Offering (IPO) of Laxmi India Finance , a Rajasthan-based non-banking financial company (NBFC) focused on MSME and vehicle loans, opened for subscription today, July 29, 2025. In the first 30 minutes of bidding, the IPO witnessed a subdued overall response, with total subscription just inching toward 1%. The grey market premium for the IPO is about 5.7% over the upper price band of Rs 158. Laxmi India Finance IPO Subscription Status Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking MCA Management healthcare Product Management Data Science Others CXO Data Science Public Policy Leadership Project Management Digital Marketing Healthcare Artificial Intelligence Finance Degree Technology PGDM Operations Management MBA Data Analytics Cybersecurity others Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details The IPO opened to a slow response, with overall subscription hovering close to just 1% in the initial hours of bidding. However, retail investors showed relatively better interest, with the retail portion receiving 14–15% subscription for the 55.75 lakh shares reserved for them. "The Non-Institutional Investor (NII) segment recorded only 0.03% subscription so far, with 77,926 shares bid against an allocation of 23.89 lakh shares. Meanwhile, Qualified Institutional Buyers (QIBs) have not submitted any bids yet for their 31.86 lakh share quota. The employee reserved portion saw 9% subscription for the 1.60 lakh shares allotted. The IPO's price band is set between Rs 150 and Rs 158 per share, and the issue aims to raise up to Rs 254 crore through a book-built issue. The IPO opened for subscription today, July 29, and will remain open until July 31, 2025. Live Events Laxmi India Finance IPO GMP Today The grey market premium (GMP) for the IPO is around Rs 9, suggesting a potential listing price of approximately Rs 167, which reflects an implied premium of about 5.7% over the upper end of the price band. The IPO comprises a fresh issue of 1.04 crore shares worth Rs 165.17 crore and an offer for sale of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders. Retail investors can apply for a minimum lot size of 94 shares, which amounts to Rs 14,852 on upper price band. Shares of Laxmi India Finance are proposed to be listed on both the BSE and NSE, with a tentative listing date of August 5. About the Company The company intends to use the proceeds from the fresh issue primarily to augment its capital base and meet future lending requirements. As of March 2025, Laxmi India Finance had assets under management (AUM) of Rs 1,277 crore, with MSME loans comprising 76.34% of its total portfolio. Its loan book is diversified across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 158 branches and over 35,500 active customers, including a significant share of first-time borrowers. Laxmi India has shown strong growth in its financials. Revenue increased 42% year-on-year to Rs 248 crore in FY25, while profit after tax rose 60% to Rs 36 crore. Backed by a mix of high-yield lending products, deep regional reach, and growing demand for formal credit among underserved segments, Laxmi India Finance offers investors a compelling entry into the expanding MSME lending space. The IPO is being managed by PL Capital Markets, with Link Intime as the registrar. Should you subscribe Laxmi India Finance IPO "Laxmi India Finance Limited (LIFL) focuses on catering to the financial needs of underserved customers, particularly in the MSME segment. Over the past three fiscal years, the company has shown steady growth in both total income and net profit, reporting Rs. 130.67 crore / Rs. 15.97 crore in FY23, Rs. 175.02 crore / Rs. 22.47 crore in FY24, and Rs. 248.04 crore / Rs. 36.01 crore in FY25. The company's average earnings per share (EPS) over the last three years stood at Rs. 7.26, with an average return on net worth (RoNW) of 14.01%. Based on the annualized earnings for FY25, the IPO is priced at a price-to-earnings (P/E) ratio of 22.93, while the P/E based on FY24 earnings is 36.74. " according to a Bajaj Broking report. The broking firm recommends subscribing to the IPO for long-term investment. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
18 hours ago
- Business
- Business Standard
Laxmi India Finance IPO opens today: GMP up 6%; should you subscribe?
Laxmi India Finance IPO opens for public subscription: The initial public offering (IPO) of non-banking financial company (NBFC) Laxmi India Finance is set to open for public subscription today, Tuesday, July 29, 2025. At the upper end, the company aims to raise ₹254.26 crore through the offering, which comprises a fresh issue of 10.5 million equity shares and an offer for sale (OFS) by promoters divesting up to 5.6 million equity shares. Notably, Laxmi India Finance has already raised ₹75.51 crore from anchor investors in the bidding that concluded on July 28. Here are the key details of the Laxmi India Finance IPO: Laxmi India Finance IPO price band, lot size Laxmi India Finance has set a price band of ₹150-158 per share for the public issue. The lot size is 94 shares, allowing investors to bid for a minimum of one lot (94 shares) at ₹14,852. A retail investor can, however, bid for a maximum of 13 lots or 1,222 shares of Laxmi India Finance IPO with an investment of ₹1,93,076. Laxmi India Finance IPO grey market premium (GMP) today The unlisted shares of Laxmi India Finance were commanding a decent premium in the grey market ahead of the opening of their public issue. Sources tracking unofficial market activity revealed that Laxmi India Finance shares were trading at ₹167 apiece, reflecting a grey market premium (GMP) of ₹9 or 5.70 per cent over the upper price band of ₹158. Laxmi India Finance IPO allotment date, listing date Laxmi India Finance IPO will remain open for subscription until Thursday, July 31, 2025. Following that, the basis of allotment of Laxmi India Finance IPO shares is expected to be finalised on Friday, August 1, 2025, and shares will be credited to successful allottees' demat accounts on Monday, August 4, 2025. The tentative listing date for Laxmi India Finance shares on the BSE and NSE is Tuesday, August 5, 2025. Laxmi India Finance IPO registrar, lead manager MUFG Intime India (Link Intime) has been appointed as the registrar for the Laxmi India Finance IPO, while PL Capital Markets is the sole book-running lead manager for the issue. Laxmi India Finance IPO objectives The company will not receive any proceeds from the OFS, as those will go to the selling promoters. 'Each Selling Shareholder will be entitled to its respective share of the proceeds of the Offer for Sale after deducting its respective proportion of the offer-related expenses and relevant taxes thereon,' Laxmi India Finance said in its Red Herring Prospectus (RHP). However, Laxmi India Finance plans to use the proceeds from the fresh issue for the augmentation of the capital base to meet the future capital requirements towards onward lending. Should you subscribe to the Laxmi India Finance IPO? Canara Bank Securities: Subscribe for long-term Analysts at Canara Bank Securities have recommended the investors to subscribe to the Laxmi India Finance IPO for long-term gains. The analysts highlighted that the company has had robust financial performance for the past three years, where revenue has grown at a CAGR of 38 per cent from ₹129 crore to ₹245 crore, whereas profit after tax (PAT) has grown at a CAGR of 50 per cent from ₹16 crore to ₹36 crore. "The issue is overpriced at 2.57X P/B, whereas the listed peers on average are available at 2.02X P/B. The company is well positioned to take advantage of the MSME surge in India. As of now, LIF is present only in 5 states with major presence (80 per cent) in Rajasthan," wrote the analysts in the report. This, the analysts believe, leaves plenty of room for LIF to enter new states and become more dominant in the existing states. "We recommend Subscribe for the long-term gains." About Laxmi India Finance Incorporated in 1996, Laxmi India Finance is a Non-banking financial company (NBFC) focused on lending to individuals and small businesses. As on March 31, 2025, its operational network spans across 158 branches in rural, semi-urban, and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. LIFL has the widest reach in Rajasthan in terms of being the company with the highest number of branches amongst its peers for the period ending FY25 (Source: CARE Report).
