Laxmi India Finance came to market through an IPO that opened on 29 July 2025 and closed on 31 July 2025, and the shares listed on 5 August 2025 on BSE, NSE. The price band was ₹150 to ₹158 per share and one lot was 94 shares, so the minimum application was ₹14,852. The issue size was ₹254.26 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and PL Capital Markets Private Limited was the lead manager.
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Incorporated in 1996, Laxmi India Finance Limited is a Non Banking Financial Company business. The company provides MSME loans, vehicle loans, construction loans, and other lending products, financing small businesses and entrepreneurs, with more than 80% of MSME loans being classified as Priority Sector Lending. Up to June 30, 2024, the company has 26,065 customers, comprising 15,732 active MSME and 6,146 active vehicle loan customers, representing a 78.92% increase from 14,568 customers as of March 31, 2022.
As described in the offer document.
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Laxmi India Finance raises Rs 75.5 crore through anchor book. Sanshi Fund was the largest among 11 anchor investors, investing Rs 20 crore. Institutional investors such as Saint Capital Fund, BNP Paribas Financial Markets, MINT Focused Growth Fund, India Max Investment Fund, and Meru Investment Fund also invested in the firm.
Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem dealers Private Limited, Vivan Baid Family Trust. Promoter holding 89.05% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Laxmi India Finance IPO was a ₹254.26 crore book-built issue, comprising a fresh issue of ₹165.17 crore and an offer for sale of ₹89.09 crore. It was priced at ₹150–₹158 per share with a lot size of 94 shares (₹14,852). The IPO was open from July 29 to July 31, 2025. Shares listed on BSE and NSE on August 5, 2025 at ₹137.52, a 13.0% discount to the issue price of ₹158.
MUFG Intime India Private Limited (Link Intime) is the registrar. PL Capital Markets Private Limited is the book running lead manager.
The price band of Laxmi India Finance IPO is ₹150 to ₹158 per share.
The lot size of Laxmi India Finance IPO is 94 shares.
The minimum investment for Laxmi India Finance IPO is approximately ₹14,852 based on the upper price band.
The allotment date of Laxmi India Finance IPO is Aug 1, 2025.
Laxmi India Finance IPO's final recorded GMP before listing was ₹2 per share (a 1% premium over the ₹158 upper price band). The shares listed at ₹137.52. GMP is unofficial and does not forecast or guarantee the actual listing price.
Laxmi India Finance IPO listed on Aug 5, 2025. It was issued at ₹137.52(NSE) and is currently around ₹104.25 as on 3-Nov-2026 3:30 PM, which is approximately -34.0% versus issue price. The 52-week high is ₹154.44.
You can check Laxmi India Finance IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Laxmi India Finance IPO allotment status on Rupix for quick and easy access.
₹150 to ₹158 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 94 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,852.
₹14,852, for one lot of 94 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 July 2025 and closed on 31 July 2025.
The basis of allotment was published on 1 August 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 5 August 2025 on BSE, NSE.
The issue size was ₹254.26 crore. The fresh issue was 1,04,53,575 shares (aggregating up to ₹165.17 crore). The offer for sale was 56,38,620 shares (aggregating up to ₹89.09 crore).