India’s financial services sector, particularly the non-banking financial companies (NBFCs), is witnessing significant growth, driven by increasing demand for accessible credit across diverse segments, including micro, small, and medium enterprises (MSMEs) and vehicle financing. With a focus on financial inclusion and tailored lending solutions, companies in this space are well-positioned to capitalise on this expansion. In this evolving market, Laxmi India Finance Limited, a key player in providing secured financing to underserved and semi-urban populations, is launching its Initial Public Offering (IPO) on July 29, 2025. The IPO offers investors an opportunity to engage with a company equipped to meet the rising demands of critical financial sectors.
This article provides a comprehensive overview of the Laxmi India Finance IPO details, offering key insights for potential investors.
About Laxmi India Finance Ltd.
Incorporated in 1996 and headquartered in Jaipur, Rajasthan, Laxmi India Finance Limited (LIFC) is a non-deposit-taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company specialises in providing secured financing solutions to underserved segments, particularly in semi-urban and rural regions across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh.
LIFC’s core product portfolio includes MSME loans, vehicle financing, construction loans, and other tailored lending solutions. As of March 31, 2025, its Assets Under Management (AUM) stood at ₹1,277.02 crore, with MSME loans comprising 76.34% and vehicle loans 16.12% of its total portfolio. The company boasts a growing customer base of over 35,500 active customers, with a significant share of first-time borrowers, highlighting its commitment to financial inclusion.
Operating through a network of 158 branches, Laxmi India Finance leverages technology for loan origination, underwriting, collections, and customer service, maintaining a strong risk management framework. The company has a diversified funding base with access to 47 lenders, including public and private sector banks and other financial institutions.
Laxmi India Finance Ltd. IPO Details
The Laxmi India Finance IPO is a book-building issue aiming to raise ₹254.26 crore. The issue comprises a fresh issuance of 1.05 crore equity shares aggregating up to ₹165.17 crore and an Offer for Sale (OFS) of 0.56 crore shares aggregating up to ₹89.09 crore by existing shareholders. The Laxmi India Finance IPO price band has been set between ₹150 and ₹158 per share, with a face value of ₹5 per share.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Tue, Jul 29, 2025 |
| IPO Close Date | Thu, Jul 31, 2025 |
| Tentative Allotment | Fri, Aug 1, 2025 |
| Initiation of Refunds | Mon, Aug 4, 2025 |
| Credit of Shares to Demat | Mon, Aug 4, 2025 |
| Tentative Listing Date | Tue, Aug 5, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on Jul 31, 2025 |
Key IPO Details
| Event | Details |
| IPO Date | July 29, 2025 to July 31, 2025 |
| Listing Date | – |
| Face Value | ₹5 per share |
| Issue Price Band | ₹150 to ₹158 per share |
| Lot Size | 94 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,60,92,195 shares (aggregating up to ₹254.26 Cr) |
| Fresh Issue | 1,04,53,575 shares (aggregating up to ₹165.17 Cr) |
| Offer for Sale | 56,38,620 shares (aggregating up to ₹89.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding (Pre-Issue) | 4,18,14,300 shares |
| Shareholding (Post-Issue) | 5,22,67,875 shares |
Lot Size of Laxmi India Finance IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 94 | ₹14,852 |
| Retail (Max) | 13 | 1,222 | ₹1,93,076 |
| S-HNI (Min) | 14 | 1,316 | ₹2,07,928 |
| S-HNI (Max) | 67 | 6,298 | ₹9,95,084 |
| B-HNI (Min) | 68 | 6,392 | ₹10,09,936 |
Laxmi India Finance Ltd. Financials
Laxmi India Finance Limited has demonstrated strong financial performance. The company’s total income increased from ₹130.68 crore in FY23 to ₹248.04 crore in FY25. Concurrently, the Profit After Tax (PAT) has shown significant growth, rising from ₹16.03 crore in FY23 to ₹36.00 crore in FY25.
Key Performance Indicators (as of Mar 31, 2025)
- Market Capitalisation: ₹825.83 Cr
- Return on Net Worth (RoNW): 13.95%
- PAT Margin: 14.48%
- EBITDA Margin: 66.07%
- Price to Book Value: 2.57
- Debt-to-Equity Ratio: 4.42
Company Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 1,412.52 | 985 | 778.71 |
| Revenue (₹ Cr) | 248.04 | 175 | 130.67 |
| Profit After Tax (₹ Cr) | 36.01 | 22 | 15.97 |
| EBITDA (₹ Cr) | 163.88 | 115 | 85.96 |
| Net Worth (₹ Cr) | 257.47 | 201 | 152.33 |
| Reserves and Surplus (₹ Cr) | 236.99 | 181.87 | 134.23 |
| Total Borrowing | 1,137.06 | 766.68 | 615.49 |
Laxmi India Finance Limited: Industry Outlook
India’s NBFC sector is a critical component of its financial system, particularly in extending credit to segments underserved by traditional banks.
- Growing Credit Demand: The demand for formal credit, especially from MSMEs and for vehicle financing, is on a consistent upward trajectory, fueled by economic expansion and increasing aspirations in semi-urban and rural areas.
- Government Initiatives: Policies promoting financial inclusion and support for small businesses continue to create a conducive environment for NBFCs operating in these niches.
- Technological Adoption: Digitalisation of lending processes, including loan origination, underwriting, and collections, is enhancing efficiency, reducing costs, and improving customer reach for NBFCs.
- Resilient Rural Economy: A strong rural economy, supported by agricultural growth and government schemes, provides a stable borrower base for companies like Laxmi India Finance.
Use of IPO Proceeds
The net proceeds from the fresh issue component of the Laxmi India Finance IPO are primarily intended for:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Augmentation of the capital base to meet future capital requirements towards onward lending | 143 |
Laxmi India Finance Limited IPO Peer Comparison
Laxmi India Finance operates in the competitive NBFC landscape, focusing on secured financing for MSMEs and vehicle loans in semi-urban and rural areas. Key peers include MAS Financial Services, Five Star Business Finance, SBFC Finance, Ugro Capital, CSL Finance, AKME Fintrade (India) Limited, and Moneyboxx Finance. These companies offer insights into sector trends and competitive positioning.
How To Apply for the Laxmi India Finance IPO Online?
- Log in to your Torus Digital Account
- Select the IPO issue
- Enter the number of lot sizes and price
- Provide your UPI ID
- Complete the transaction on your UPI app
If you want to apply for an IPO, consider opening a Torus Digital Demat account for a seamless experience.
Conclusion
The upcoming Laxmi India Finance IPO is a great opportunity for investors interested in India’s growing financial services sector, especially in lending to underserved areas. The company focuses on providing secure loans and is well-positioned to meet the increasing need for accessible credit.
With strong financial growth and a positive outlook due to financial inclusion and technology, Laxmi India Finance is set for further expansion. Investors should review the company’s financial health and market position before applying. This IPO gives you the chance to invest in a company that helps businesses and individuals in rural and semi-urban areas. Keep an eye on upcoming IPOs for more opportunities.
