Latest news with #NBFC
News18
9 hours ago
- Business
- News18
Laxmi India Finance IPO receives 37 pc subscription on first day of share sale
New Delhi, Jul 29 (PTI) The initial share sale of NBFC player Laxmi India Finance Ltd received 37 per cent subscription on the first day of bidding on Tuesday. The initial public offer (IPO) got bids for 42,06,782 shares against 1,13,12,816 shares on offer, as per NSE data. Retail Individual Investors (RIIs) category received 60 per cent subscription while the quota for non-institutional investors attracted 19 per cent subscription. The Qualified Institutional Buyers (QIBs) portion got covered 10 per cent. Laxmi India Finance Ltd on Monday raised over Rs 75 crore from anchor investors. The issue, with a price band of Rs 150-158 per share, will conclude on July 31. 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. 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 SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: 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.
Business Standard
11 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.
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Business Standard
15 hours ago
- Business
- Business Standard
₹35 lakh Cr credit, 7 IPOs, low debt: Real estate gets a financial makeover
India's real estate sector is no longer the cautionary tale it once was. With record-high credit flow, dramatically lower loan defaults, and a surge in real estate IPOs, the industry is undergoing a financial transformation that marks its most stable phase in over a decade. According to Colliers India, bank credit to the real estate sector has nearly doubled over the last four years—from ₹17.8 lakh crore in FY21 to ₹35.4 lakh crore in FY25. The sector now claims a 19.4% share of total bank lending, up from 13.8% in 2016—an indicator of renewed lender faith. Key takeways: Bank credit to the real estate sector has doubled since FY 2021; loan book at over Rs 35 lakh crore at the end of FY 2025 Leading real estate companies have shown improvements in operating and net profitability margins Debt-to-equity ratio of top 50 listed real estate companies has seen a significant drop since FY 2021, signaling steady balance sheet deleveraging Credit rating upgrades in real estate are significantly higher than the number of downgrades in the post-pandemic era Real Estate continues to tap the equity market – 7 IPOs totaling Rs 76 billion in 2025 so far Source: RBI and Colliers India Note: Data is for financial year (FY) | Real estate sector here includes – commercial real estate and housing (including priority sector housing) | Data is aggregate of 41 scheduled commercial banks (SCBs), which represents almost 95% of the total non-food credit deployed in India. Trends in NBFC loan book in India (in Rs lakh crore) - On the NBFC front, while their real estate lending has plateaued post the 2018 crisis, the overall outstanding loan book still rose to ₹1.3 lakh crore by FY25. NPAs (Non-Performing Assets) in the construction sector loan book dropped from 23.5% in 2021 to just 3.1% in 2025—a clear sign of enhanced repayment capacity and project viability. What This Means for You: If you're looking to invest in real estate, either directly or via REITs, you're entering a sector with lower credit risk and stronger financial discipline. Listed Developers Get Leaner, More Profitable An analysis of India's top 50 listed developers reveals remarkable financial improvement: 66% now have operating margins above 20%, up from 55% in FY21. 62% of companies posted net profit margins above 10%, nearly triple the share from four years ago. The proportion of firms with a debt-to-equity ratio below 0.5 has risen from 43% in FY21 to 62% in FY25. These improvements signal a deliberate move toward deleveraging, capital efficiency, and better governance—a far cry from the debt-laden, opaque practices of the past. Investor Insight: Financially prudent developers offer stronger equity returns and lower downside risks—ideal for both direct stock market investors and homebuyers concerned with project completion. Credit Ratings Soar—Real Estate Beats Other Sectors Perhaps the most telling metric: 23% of real estate companies saw credit upgrades in H2 FY25 versus just 1% facing downgrades. That's a 23:1 upgrade-to-downgrade ratio, far superior to the all-sector average of 2.3. What You Can Do: Use credit ratings as a filter when evaluating builders, real estate mutual funds, or REITs. Equity Markets Open Up—And Retail Investors Are Joining In Public markets are now a major funding channel. India saw 9 real estate IPOs in 2024, raising ₹13,800 crore—double the funds raised in 2023. In 2025 (so far), 7 real estate IPOs have raised ₹7,630 crore. IPO trends: Heightened activity in recent years Note: IPOs indicate listings on BSE including both Mainboard IPOs and SME IPOs. Real estate IPOs include issues by developers, housing finance companies, flex space operators, REITs, public sector undertakings of the Ministry of Housing and Urban Aff From traditional residential and commercial developers to flex-space operators and hospitality firms, a wide variety of real estate players are now tapping the IPO route. The rollout of REITs and SM-REITs is further democratizing property investment for the average Indian. Actionable Tip: Investors looking for real estate exposure can now buy units of REITs on stock exchanges, starting with as little as ₹1,000–₹5,000—no need to buy full properties. 'Real estate players are increasingly tapping public markets to fuel their expansion and strengthen balance sheets, signaling growing investor confidence in the sector. The strong momentum seen in 2024 has carried into 2025, with seven real estate IPOs, raising more than Rs 76 billion till July. Moreover, the diverse listings across segments such as flex spaces, hospitality, office, residential, etc., and the anticipated upswing in SM REIT and REIT activity is promising for the entire real estate sector. Indian real estate continues to draw strength from long-term stability and growing investor confidence, making it less vulnerable to global uncertainties,' said Vimal Nadar, National Director and Head of Research, Colliers India. Looking ahead, the outlook remains particularly positive for residential and commercial real estate, led by strong end-user demand, favorable demographics, rising disposable income, and relatively lower interest rates. However, real estate developers and investors must remain cautious of potential risks, including interest rate fluctuations, urban land acquisition bottlenecks, and global economic headwinds that could moderate real estate growth.
Economic Times
15 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
15 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)
