IPO Details & Structure
Laxmi India Finance Ltd, a Rajasthan-based NBFC, will open its ₹254.26 crore IPO on July 29, closing July 31. The offering includes:
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Fresh issue of 1.05 crore shares worth ₹165.17 crore
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Offer-for-sale of 56.38 lakh shares totaling ₹89.09 crore
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Price band fixed at ₹150–₹158 per share
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Listing expected on BSE and NSE by August 5
Grey Market Premium (GMP) Trends
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GMP currently stands at ₹18 per share
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Indicates estimated listing price of ₹176, a premium of 11.39% over upper band
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Reflects strong investor sentiment in the unlisted market
Company Snapshot & Financials
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Offers MSME, vehicle, and construction loans across 158 branches
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FY25 PAT surged 58.7% to ₹35.9 crore; revenue rose 42% to ₹246 crore
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Assets under management reached ₹1,277 crore
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Gross NPAs increased to 1.07%, net NPAs to 0.48%
Use of Proceeds
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Fresh issue funds to augment capital base for onward lending
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OFS proceeds to go to existing promoters
Sources: Moneycontrol, MSN India, Economic Times, IPO Central