- POSITIVE
Annual Revenue Laxmi Finance Mar-2026 Annual Revenue is Rs 320 Cr which is growth of 28.8% YoY.
- POSITIVE
Annual Net Profit Laxmi Finance Mar-2026 Annual Net Profit is Rs 50 Cr which is growth of 38.2% YoY.
Laxmi India Finance was incorporated on May 10, 1996. The company is a non-deposit taking non-banking financial company focused on meeting the financial needs of underserved customers in India's lending market. Its product portfolio includes MSME loans, vehicle loans, construction loans, and other lending products
| Bidding Dates |
|---|
| 29 Jul 2025 - 31 Jul 2025 |
| Subscription |
|---|
| 1.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,100 | 1 | 13 | 94 | 16.1 M | ₹150 - ₹158 | 60.45 % | ₹2,413.8 M - ₹2,542.6 M | RHP DOC |
Laxmi Finance IPO SUBSCRIPTION STATUS
31 Jul '25Total1.87x
Retail Individual Investor2.22x
HNI (NII) Investors1.84x
Qualified Institutional Buyers1.3x
Employees1.57x
Laxmi Finance IPO overall subscription rate was 1.87 times the total available shares
Laxmi Finance IPO retail subscription rate was 2.22 times in the retail segment
Laxmi Finance IPO non-institutional investor subscription rate was 1.84 times in the non-institutional investor category
Laxmi Finance IPO Qualified Institutional Bidder subscription rate was 1.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
31 Jul 2025 (Day 3) | 2.22x | 1.84x | 1.3x | 1.57x |
30 Jul 2025 (Day 2) | 1.28x | 0.52x | 0.45x | 1.02x |
29 Jul 2025 (Day 1) | 0.6x | 0.19x | 0.1x | 0.41x |
Laxmi Finance FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 36.0 | 245.7 | -311.3 | -314.9 | 66.1% |
| FY24 | 22.5 | 173.1 | -223.8 | -226.2 | 65.5% |
| FY23 | 16.0 | 129.5 | -169.4 | -174.5 | 65.8% |
Laxmi Finance IPO SUBSCRIPTION STATUS DETAILS
Laxmi Finance had 16.1 M shares on offer
Laxmi Finance IPO offer price was in the range ₹150 - ₹158
Laxmi Finance IPO minimum Investment was ₹14100
Laxmi Finance IPO issue size was ₹ 2,413.8 M - ₹ 2,542.6 M
Laxmi Finance had a minimum lot size of 94 Shares per application
Laxmi Finance NUMBER OF SHARES ON OFFER
Total16.1 M
Fresh Issue10.5 M
Offer for Sale5.6 M
Post Issue Promoter Holding %60.45 %
Laxmi Finance IPO IMPORTANT DATES
| Issue Open Date | 29 Jul 2025 |
| Issue close Date | 31 Jul 2025 |
| Allotment Date | 01 Aug 2025 |
| Refund Date | 04 Aug 2025 |
| Demat Account Credit Date | 04 Aug 2025 |
| Listing Date | 05 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Laxmi Finance Allotment Status | Exchange/ Registrar |
Laxmi Finance IPO subscription opened on 29 Jul 2025, and closed on 31 Jul 2025
IPO allotment for Laxmi Finance was finalized on Friday, 01 Aug 2025
IPO listing for Laxmi Finance was on NSE and BSE on Tuesday, 05 Aug 2025
Laxmi Finance IPO LISTING GAINS
| Issue Price (adjusted) | 158.0 |
| Listing Open Price | 137.5 |
| Listing Close Price | 134.1 |
| Listing Gain% | -13.0% |
| Current Gain% | -42.5% |
Laxmi Finance Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Laxmi India Finance Ltd. | 90.8 | 474.7 | 8.4 | 0.2 | 1.4 | 10.7 | 2.7 | 319.6 | 28.8 | 49.8 | 38.2 | 10.8 | 44.4 |
| Bajaj Finance Ltd. | 939.1 | 584679.4 | 27 | 1.5 | 6.5 | 16.7 | 3.4 | 81989.5 | 17.6 | 19017.4 | 14.3 | 34.8 | 18.5 |
| Shriram Finance Ltd. | 823.2 | 193694.3 | 15.3 | 0.5 | 3.7 | 15.2 | 3.1 | 48192.6 | 15.1 | 10024.2 | 4.9 | 53.9 | 28.6 |
| Tata Capital Ltd. | 319.9 | 135793.4 | 22.8 | 0.5 | 4 | 10.8 | 1.7 | 31582.6 | 11.3 | 4846.1 | 32.2 | 14.1 | 41.6 |
| Jio Financial Services Ltd. | 204.5 | 135034.2 | 78.9 | 15.8 | 24 | 1.2 | 1 | 3542.6 | 70.4 | 1560.9 | -3.2 | 2.6 | 5 |
| Cholamandalam Investment & Finance Company Ltd. | 1586 | 133754.9 | 21.5 | 0.6 | 3.9 | 17.2 | 2.1 | 31538.7 | 20.6 | 5232.6 | 22.8 | 73.8 | 33.9 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Laxmi Finance annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Actual
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Total Rev. Ann.
1Y CHG
28.9%
2Y CAGR
35.1%
3Y CAGR
34.7%
5Y CAGR
29.2%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
38.3%
2Y CAGR
48.8%
3Y CAGR
46%
5Y CAGR
36.5%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
35.3%
2Y CAGR
37.3%
3Y CAGR
36.6%
5Y CAGR
40.8%
Operating Expenses Annual Cr growth is lower than historical averages.
Laxmi Finance INFORMATION ON IPO ISSUE
About Laxmi Finance
Laxmi India Finance was incorporated on May 10, 1996. The company is a non-deposit taking non-banking financial company focused on meeting the financial needs of underserved customers in India's lending market. Its product portfolio includes MSME loans, vehicle loans, construction loans, and other lending products
Object of the Issue
- Augmenting the capital base to meet future business requirements of the company towards onward lending
- General corporate purposes
Laxmi Finance - PROMOTERS
| Name |
|---|
| Deepak Baid |
| Prem Devi Baid |
| Aneesha Baid |
| Hirak Vinimay Private Limited |
| Deepak Hitech Motors Private Limited |
| Prem Dealers Private Limited |
| Vivan Baid Family Trust |
Laxmi Finance Book Running Lead Manager
PL Capital Markets Private Limited
laxmiindiaipo@plindia.com
Laxmi Finance Registrar to the Offer
Link Intime India Private Limited
laxmifinance.ipo@linkintime.co.in
Laxmi Finance Strengths
Focus on MSME financing
The MSME financing vertical accounted for 75.5% and 73.9%, of the company's overall AUM for the three months ended June 30, 2024, and FY24, respectively. The company supports diverse business needs and entrepreneurs
Strength
Comprehensive credit assessment
The company has a credit assessment and risk management framework to identify, monitor, and manage risks. Lending decisions are based on evaluating an individual's or business's ability to repay, considering credit history and current cash flows
Strength
Regional penetration
The company has a growing sales network serving primarily rural and semi-urban areas of India. From March 2020 to March 2024, total credit in rural areas grew from Rs 7.26 trillion to Rs 12.5 trillion, with a robust 17.5% YoY growth rate in March 2024
Strength
Laxmi Finance Risks
Capital intensive
The company requires substantial capital for its operations. Any disruption in funding sources or inability to secure favorable terms could negatively impact liquidity, business, cash flows, operations, and financial condition
Risk
Depend on MSME segment
The company's business focuses on micro, small, and medium enterprises (MSMEs). Any adverse developments in this sector or changes in government policies could impact its business, cash flows, and operations
Risk
Risk of defaults
The company primarily operates with mid to low-income customers in rural and semi-urban areas of India, who are vulnerable to economic downturns. Defaults from these customers could negatively impact business, cash flows, financial condition, and operations
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 89.1 crore, of 5,638,620 shares. It also consists of a fresh issue of Rs 165.2 crore.
The promoters of the company are Deepak Baid, Prem Devi Baid, Aneesha Baid, Hirak Vinimay Private Limited, Deepak Hitech Motors Private Limited, Prem Dealers Private Limited and Vivan Baid Family Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 150.0 - 158.0.
The IPO application opens on Jul 29, 2025 and closes on Jul 31, 2025.
The minimum lot size for the IPO is 94. The maximum lot size for the IPO is 1222.
For all category investors, the minimum application amount for this IPO is Rs. 14,100.0, the maximum value for this IPO is Rs 193,076.0.
This IPO will be allotted on Aug 01, 2025.
The refund will be credited to your account on Aug 04, 2025.
The allotted shares will be credited to your demat on Aug 04, 2025.
Laxmi India Finance Ltd.’s shares listed on the stock exchanges on Aug 05, 2025.