Laxmi India Finance’s ₹254.26 crore book building IPO is open 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 2 Subscription Status
Laxmi India Finance IPO was subscribed a total of 0.89 times on the second day i.e. 30 July 2025. The response from retail investors was the strongest where the subscription reached 1.29 times, while the QIB and NII categories still witnessed slowness.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.45x |
| Non-Institutional Investors (NII) | 0.52x |
| bNII (above ₹10 lakh) | 0.38x |
| sNII (less than ₹10 lakh) | 0.80x |
| Retail Individual Investors (RII) | 1.29x |
| Employee Quota | 1.02x |
| Total Subscriptions | 0.89x |
Total Applications: 67,513
Total Bid Amount: ₹158.29 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 Proceeds | Amount (₹ Cr) |
|---|---|
| Augmentation of capital base for future lending (onward lending) | 143.00 |
Laxmi India Finance IPO GMP – Day 2 Update
The grey market premium (GMP) of Laxmi India Finance IPO is ₹3 today on July 30, 2025. Adding the upper level of the price band of ₹158 gives the estimated listing price of ₹161, i.e. a potential premium of about 1.90%.
| Date | GMP (₹) | Est. Listing Price (₹) | Gain (%) |
|---|---|---|---|
| 30 July 2025 (DAY-2) | 3 | 161 | 1.90%. |
Based on the last 7 sessions, GMP has been declining steadily from ₹18 to ₹3.
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. 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
| Particulars | Details |
|---|---|
| IPO Opening Date | July 29, 2025 |
| IPO Closing Date | July 31, 2025 |
| Issue Price Band | ₹150 to ₹158 per share |
| Total Issue Size | ₹254.26 Cr (1.61 Cr shares) |
| Listing Platform | NSE, BSE |
| Registrar | MUFG Intime India Private Limited |
| Laxmi India Finance IPO DRHP | Click Here |
| Laxmi India Finance IPO RHP | Click Here |
Important Dates for Laxmi India Finance IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | August 1, 2025 |
| Refunds Initiation | August 4, 2025 |
| Credit of Shares to Demat | August 4, 2025 |
| Listing Date | August 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.
Read Also: Laxmi India Finance IPO Day 1: GMP & Subscription Status
Easy Steps to Apply for Laxmi India Finance IPO via Pocketful
Step 1 : Install the Pocketful Trading App from Play Store or App Store
Step 2 : Sign up and complete your KYC requirements
Step 3 : Go to the IPO section from 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)
What is the IPO date of Laxmi India Finance?
This IPO will open on July 29, 2025 and close on July 31, 2025.
What is the price band for Laxmi India Finance IPO?
The price band has been fixed from ₹150 to ₹158 per share.
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.
What is today’s GMP of Laxmi India Finance IPO?
Today, on July 30, 2025, the GMP is ₹3.
On which exchanges will the IPO list?
The listing will take place on both NSE and BSE.
