Laxmi India Finance IPO Day 1 Live: Laxmi India Finance Ltd, a Jaipur-based NBFC player, launched its initial public offering (IPO) on July 29. It will remain open till July 31. Laxmi India Finance IPO price band is fixed in the range of ₹150 to ₹158 per share. Laxmi India Finance’s offering includes a fresh issuance of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by its promoters. At the upper end of the price band, the total Laxmi India Finance Limited IPO size is estimated to be ₹254.26 crore.
Funds raised from the fresh issue will be allocated to enhance its capital base to satisfy future lending requirements and for general corporate activities.
Laxmi India Finance IPO GMP
Laxmi India Finance IPO GMP is +9. This indicates Laxmi India Finance share price was trading at a premium of ₹9 in the grey market, according to investorgain.com. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Laxmi India Finance share price was indicated at ₹167 apiece, which is 5.70% higher than the IPO price of ₹158.
About Laxmi India Finance
As a non-deposit-taking NBFC, Laxmi India Finance provides a variety of financial products, such as loans for MSMEs (micro, small and medium enterprises), vehicle financing, construction loans, and other lending services.
By March 2025, the company’s assets under management (AUM) rose to ₹1,277 crore from ₹687 crore as of March 2023, indicating a compound annual growth rate (CAGR) exceeding 36 percent, largely fueled by higher loan volumes and an improved branch network.
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