Laxmi India Finance IPO Day 1: GMP & Subscription Status

Laxmi India Finance IPO Day 1 GMP & Subscription Status

Laxmi India Finance’s ₹254.26 crore book building IPO has opened for subscription and will close on July 31, 2025. The issue comprises a fresh issue of ₹165.17 crore and an OFS of ₹89.09 crore. The price band is set at ₹150 – ₹158 and the lot size is 94 shares. Listing is expected on August 5 on NSE and BSE.

Laxmi India Finance IPO Day 1 Subscription Status

Laxmi India Finance IPO was subscribed a total of 0.37 times on the first day. The response from retail investors was better than other categories, where the subscription reached 0.61 times. At the same time, a slow response was seen in the QIB (Qualified Institutions) and NII (High Net Worth Investors) categories.

Investor CategorySubscription (x)
Qualified Institutional Buyers (QIB)0.10x
Non-Institutional Investors (NII)0.19x
bNII (above ₹10 lakh)0.10x
sNII (less than ₹10 lakh)0.38x
Retail Individual Investors (RII)0.61x
Employee Quota0.41x
Total Subscriptions0.37x

Total Applications: 32,050

Total Bid Amount: ₹67.00 Crore (Approx)

Objective of the Laxmi India Finance IPO

The company will use the money raised from this issue to expand its loan business. Its main focus is to provide finance to MSME and other retail segments.

Use of IPO ProceedsAmount (₹ Cr)
Augmentation of capital base for future lending (onward lending)143.00

Laxmi India Finance IPO GMP – Day 1 Update

The grey market premium (GMP) of Laxmi India Finance IPO is running at ₹7 today i.e. 29th July 2025. Adding the upper level of the price band at ₹ 158, the estimated listing price can be ₹165, i.e. a potential premium of about 4.33%.

DateGMP (₹)Est. Listing Price (₹)Gain (%)
29 July 2025 (DAY-1)₹7₹1654.43%.

Based on the last 7 sessions, GMP has been declining steadily from ₹18 to ₹7.

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Laxmi India Finance IPO – Key Details

ParticularsDetails
IPO Opening DateJuly 29, 2025
IPO Closing DateJuly 31, 2025
Issue Price Band₹150 to ₹158 per share
Total Issue Size₹254.26 Cr (1.61 Cr shares)
Listing PlatformNSE, BSE
RegistrarMUFG Intime India Private Limited
Laxmi India Finance IPO DRHPClick Here
Laxmi India Finance IPO RHPClick Here

Important Dates for Laxmi India Finance IPO Allotment

EventDate
Tentative AllotmentAugust 1, 2025
Refunds InitiationAugust 4, 2025
Credit of Shares to DematAugust 4, 2025 
Listing Date Aug 5, 2025 

Laxmi India Finance Overview

Laxmi India Finance Limited was started in 1996. It is a non-banking financial company (NBFC) that provides MSME, vehicle and construction loans, especially targeting small businesses, first-time borrowers and rural areas. Under MSME finance, the company offers secured loans ranging from ₹50,000 to ₹25 lakh, mostly against residential or commercial property. Vehicle loans include finance for two-wheelers, tractors and commercial vehicles. Construction loans are also available on residential/commercial property, with a maximum tenure of 84 months.

As of March 2025, the company’s assets under management stood at ₹1,277 crore, of which 76% is MSME loans. The customer base has crossed 35,000, and about 37% of these are first-time loan takers.It has 158 branches in Rajasthan, Gujarat, MP and Chhattisgarh. The company, which accesses funds from 47 banks and NBFCs, is growing steadily on the strength of strong underwriting, local reach and experienced management.

Easy Steps to Apply for Laxmi India Finance IPO via Pocketful

Step 1 :  Install the Pocketful App from Play Store or App Store

Step 2 : Sign up and complete your KYC requirements

Step 3 : Go to the IPO section on the home page

Step 4 : Look for “Laxmi India Finance IPO” in the list

Step 5 : Tap on Apply and enter your bid details

Frequently Asked Questions (FAQs)

  1. What is the IPO date of Laxmi India Finance?

    This IPO will open on July 29, 2025 and close on July 31, 2025.

  2. What is the price band for Laxmi India Finance IPO?

    The price band has been fixed from ₹150 to ₹158 per share.

  3. What is the lot size and minimum investment?

    There are 94 shares in one lot. The minimum investment for retail investment is around ₹14,852.

  4. What is today’s GMP of Laxmi India Finance IPO?

    Today, on July 28, 2025, the GMP is ₹7.

  5. On which exchanges will the IPO list?

    The listing will take place on both NSE and BSE.

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