New Delhi/Mumbai, 23 July – Laxmi India Finance Limited, a non-banking financial company (NBFC), has announced the opening of its Initial Public Offering (IPO) for investors on Tuesday, July 29, 2025. The company has set a price band of ₹150 to ₹158 per equity share, with a face value of ₹10 each.
In a statement released on Wednesday, the company confirmed that the IPO will remain open from July 29 to July 31. Laxmi India Finance aims to raise approximately ₹254 crore through this public issue.
According to the company, investors can apply for a minimum of 94 equity shares and in multiples of 94 thereafter. The IPO includes a fresh issue of up to 18,453,575 equity shares and an Offer for Sale (OFS) of up to 5,638,620 equity shares by the promoters and promoter group shareholders.
Use of IPO Proceeds
The company stated that the proceeds from the fresh issue will be utilised to strengthen its capital base, helping meet future capital requirements for lending activities and general corporate purposes.
Laxmi India Finance is a non-deposit taking NBFC, focused on serving the credit needs of underserved customers in India’s lending market. It offers a diversified product portfolio, including MSME loans, vehicle loans, construction loans, and other financing solutions.
As of March 2025, the company’s operational network spans 158 branches across rural, semi-urban, and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
Laxmi India Finance IPO to Open on July 29, Price Band Set at ₹150–₹158 Per Share
