Sanshi Fund was the biggest investors amongst 11 anchor investors, pouring in ₹20 crore. Other institutional investors like Saint Capital Fund, BNP Paribas Financial Markets, MINT Focused Growth Fund, India Max Investment Fund, and Meru Investment Fund also invested in the company.
Price band for the issue has been set at ₹150-158 per share. Investors can bid for a minimum of 94 shares and in multiples thereof.The issue is a combination of fresh issue of 1.05 crore shares aggregating to ₹165.17 crore and an offer for sale component of 0.56 crore shares aggregating to ₹89.09 crore.
Laxmi India Finance IPO proposes to utilise the net proceeds from the issue towards augmentation of the capital base to meet the future capital requirements towards onward lending – ₹177 crore.Laxmi India Finance is a non-deposit taking NBFC focused on providing tailored financial solutions to underserved customer segments across India.
The NBFC has 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh.
Laxmi Finance has the highest number of branches amongst its peers (MAS Financial Services, Five Star Business Finance, SBFC Finance, Ugro Capital, and Moneyboxx Finance) in Rajasthan provides MSME, vehicle, and construction loans.
Financially, the company has consistently improved its balance sheet. Net worth rose from ₹152 crore in FY23 to ₹257 crore in FY25. Revenues grew from ₹129.5 crore to ₹245.7 crore over the same period.
PL Capital Markets is the sole book-running lead manager of the Laxmi India Finance IPO, while MUFG Intime India (Link Intime) is the registrar.
The allotment of shares will likely be finalised on August 1, and listing will take place on August 5.
