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LAXMIINDIAEQ / NSE, BSEListed

Laxmi India Finance Limited

Established in 1996, the company is a Non-Banking Financial Company (NBFC) specializing in secured lending across MSME, vehicle, and construction loan segments. It primarily operates in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 139 branches as of September 2024. The company has experienced strong growth, with a customer base of 26,065—reflecting a 78.9% increase since March 2022—and a workforce of 1,252 employees. As of June/September 2024, its loan portfolio is led by MSME loans serving 15,732 active customers, followed by vehicle loans with 6,146 active customers. The company is backed by 43 funding partners, including banks and financial institutions, through term loans and NCDs. Its collection process is supported by a tech-enabled team of 255 members who use real-time tracking for efficient loan recovery.

₹150 - ₹1581.87x sub
Listed Price137.52
Listing Gain-12.96%
TimelineBookbuilding IPO
Open29 Jul 2025
Close31 Jul 2025
Allotment01 Aug 2025
Listing05 Aug 2025

Quota Reservation Portions

RetailPortion: 55,75,943 shares
34.65%
Nii(hni)Portion: 23,89,690 shares
14.85%
QIBPortion: 31,86,253 shares
19.8%
EmployeesPortion: 1,60,928 shares
1%

Minimum Application Bracket Matrix

Retail1 lots / 94 shares
₹14,852
sHNI14 lots / 1,316 shares
₹2,07,928
bHNI68 lots / 6,392 shares
₹10,09,936

About the Company

Established in 1996, the company is a Non-Banking Financial Company (NBFC) specializing in secured lending across MSME, vehicle, and construction loan segments. It primarily operates in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 139 branches as of September 2024. The company has experienced strong growth, with a customer base of 26,065—reflecting a 78.9% increase since March 2022—and a workforce of 1,252 employees. As of June/September 2024, its loan portfolio is led by MSME loans serving 15,732 active customers, followed by vehicle loans with 6,146 active customers. The company is backed by 43 funding partners, including banks and financial institutions, through term loans and NCDs. Its collection process is supported by a tech-enabled team of 255 members who use real-time tracking for efficient loan recovery.

Company Promoters

Deepak BaidPrem Devi BaidAneesha BaidHirak Vinimay Private LimitedDeepak Hitech Motors Private LimitedPrem Dealers Private LimitedVivan Baid Family Trust
Laxmi India Finance Limited IPO Details | GMP, Allotment & Financials | IPO Trending