Laxmi India Finance
Book Building issueMainboardNSE₹254 Cr issue
-13.92%
Listing gain over issue price
Issue size
₹254 Cr
1 lot at cut-off
₹14,852
Lot size
94shares
Open
29 Jul 2025
Close
31 Jul 2025
Allotment
01 Aug 2025
Listing
05 Aug 2025
Listing performance
Issue price
₹158
Listed at
₹136
Listing-day close
₹134.11
Latest price
₹99.07
Close on 23 Oct 2026
Listing gain
-13.92%
Return since issue
-37.30%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 29 Jul 2025 – 31 Jul 2025
- Listing date
- 05 Aug 2025
- Face value
- ₹5 per share
- Issue price
- ₹158 per share
- Lot size
- 94 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹254 Cr
- Market cap at offer price
- ₹826 Cr
- Promoter holding
- 89.05% → 60.45% pre-issue → post-issue
- ISIN
- INE06WU01026
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- PL Capital Markets Pvt.Ltd.
- Registered office
- 2 DFL, Gopinath Marg, MI Road, Rajasthan
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 47,79,379 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 94 shares per lot, in multiples, at ₹158
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 94 | ₹14,852 |
| Retail (max) | 13 | 1,222 | ₹1,93,076 |
| S-HNI (min) | 14 | 1,316 | ₹2,07,928 |
| S-HNI (max) | 67 | 6,298 | ₹9,95,084 |
| B-HNI (min) | 68 | 6,392 | ₹10,09,936 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
47,79,379
Anchor portion
₹75.51 Cr
at ₹158 per share
Valuation and performance
Valuation at offer price
₹158 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.61 | 6.89 |
| P/E (×) | 18.35 | 22.93 |
| Price to book (×) | 2.57 | — |
| Market cap | — | ₹826 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 13.95%
- Debt / equity
- 4.42
- PAT margin
- 14.48%
- EBITDA margin
- 66.07%
- NAV per share
- ₹61.57
- Price to book
- 2.57
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Laxmi India Finance
Laxmi India Finance Limited was incorporated on May 10, 1996 as 'Laxmi India Finleasecap Private Limited' and received RBI certification as a non-banking financial company (NBFC) without accepting public deposits on March 28, 2001. The company underwent name changes and corporate reorganization, ultimately converting to a public limited company in October 2024. The company operates as an NBFC-Middle Layer, conducting business through 158 branches located in Rajasthan (80.06% AUM concentration), Madhya Pradesh, Gujarat, Chhattisgarh and Uttar Pradesh. As of March 31, 2025, the company manages ₹12,770.18 million in assets under management (AUM) with 35,568 customers. The business model focuses on lending to Micro, Small and Medium Enterprises (MSME) customers, representing 76.34% of AUM, supplemented by vehicle financing (16.12% of AUM), construction loans and other lending products. The company generates revenue primarily through interest income on loans and finance costs on borrowings.
Company Analysis
from RHPLaxmi India Finance Limited is a non-deposit-taking NBFC-Middle Layer primarily providing MSME loans, vehicle financing, construction loans and other lending products across rural, semi-urban and urban areas in India.
Laxmi India Finance Limited was incorporated on May 10, 1996 as 'Laxmi India Finleasecap Private Limited' and received RBI certification as a non-banking financial company (NBFC) without accepting public deposits on March 28, 2001. The company underwent name changes and corporate reorganization, ultimately converting to a public limited company in October 2024. The company operates as an NBFC-Middle Layer, conducting business through 158 branches located in Rajasthan (80.06% AUM concentration), Madhya Pradesh, Gujarat, Chhattisgarh and Uttar Pradesh. As of March 31, 2025, the company manages ₹12,770.18 million in assets under management (AUM) with 35,568 customers. The business model focuses on lending to Micro, Small and Medium Enterprises (MSME) customers, representing 76.34% of AUM, supplemented by vehicle financing (16.12% of AUM), construction loans and other lending products. The company generates revenue primarily through interest income on loans and finance costs on borrowings.
non-banking financial servicesMSME financingvehicle financingconstruction financing
Objects of the Issue
- Augmentation of our capital base to meet our future capital requirements towards onward lending ₹1,770 million p.31
- Augmenting capital base (Tier I) of the Company to meet future capital requirements arising out of growth of business p.70
- Augmentation of our capital base to meet our future capital requirements towards onward lending ₹1,770 million p.111
- Not specified in this part of the document
Issue Structure
- Total Issue
- Up to 16,092,195 Equity Shares of face value of ₹5 each aggregating up to ₹[●] million
- Fresh Issue
- Up to 10,453,575 Equity Shares of face value of ₹5 each aggregating up to ₹[●] million
- Offer for Sale
- Up to 5,638,620 Equity Shares of face value of ₹5 each aggregating up to ₹[●] million
- Face Value
- ₹5 each
Business Model
The company generates revenue through interest income on loans extended to MSME customers, vehicle financing customers, and construction loan customers. As of Fiscal 2025, MSME financing contributed 80.96% of total revenues from operations. The company funds its lending operations through diversified debt sources including term loans from 47 lenders (comprising 8 public sector banks, 10 private banks, 7 small finance banks, 22 NBFCs and financial institutions), non-convertible debentures, securitized loans, and subordinated liabilities. As of March 31, 2025, total borrowings were ₹11,370.64 million with an average cost of borrowing of 12.02%.
Business Segments
Provides microfinance and small and medium enterprise loans to registered UDYAM portal micro category borrowers
Provides financing for commercial vehicles, two-wheelers, tractors, electric vehicles and related vehicle purchases
Provides financing for construction-related purposes
Includes business loans, personal loans, wholesale loans and other financing products
Provides secured loans to MSME customers collateralized by self-occupied residential properties or commercial properties
Provides secured loans for commercial vehicle financing with vehicle being financed as collateral
Provides secured loans for two-wheeler financing with vehicle being financed as collateral
Provides secured loans for tractor financing with vehicle being financed as collateral
Provides secured loans for electric vehicle financing with vehicle being financed as collateral
Provides secured loans for construction purposes collateralized by self-occupied residential properties, commercial properties or land
Provides secured loans against book debts as collateral
Provides small-ticket unsecured business and personal loans to MSME and retail customers for working capital requirements and personal use
Financing for Micro, Small and Medium Enterprises
Vehicle financing
Construction financing
Other lending products
Provides secured loans against property to MSMEs for working capital. Loan amounts range from ₹0.05 million to ₹2.5 million at fixed interest rates of 18% to 28% per annum with LTV up to 65% and tenure up to 84 months.
Offers commercial vehicle loans with ticket size up to ₹1.5 million for purchasing used commercial vehicles. Loan tenure averages 38.89 months with average yield of 20.55% and LTV ratio of 72.22%.
Provides two-wheeler loan options for purchasing used two-wheelers with ticket size up to ₹0.15 million.
Offers tractor loans with ticket size up to ₹0.7 million. Average tenure is 38.04 months with average yield of 20.64% and LTV ratio of 76.79%.
Provides financing solutions for electric three-wheelers (ticket size up to ₹0.4 million) and electric two-wheelers (ticket size up to ₹0.08 million) to support eco-friendly transportation.
Provides secured loans to retail customers against residential property, commercial property, or land to construct, renovate, or extend homes. Loan amounts range from ₹0.05 million to ₹2.50 million at fixed rates of 18% to 28% per annum with LTV up to 65% and tenure up to 84 months.
Provides small-ticket unsecured business loans for urgent working capital needs. Loan amounts range from ₹0.05 million to ₹0.4 million at interest rates of 14% to 28% per annum with tenure of 12 to 48 months.
Provides small-ticket unsecured personal loans to retail customers. Loan amounts range from ₹0.05 million to ₹0.4 million at interest rates of 23% to 28% per annum with tenure of 12 to 36 months.
Provides secured loans to other non-banking financial companies for onward lending. Loan amounts range from ₹2.50 million to ₹50 million at interest rates of 14% to 20% per annum with tenure of 12 to 48 months.
Financing of vehicles through term loans with hypothecation of receivables
Lending to micro, small and medium enterprises with priority sector lending focus
Financing for construction and real estate related activities
Personal and consumer credit products for mid to low-income customers
Provision of term loans to customers
Generation of fees and commission from various financial services
Gains on fair value changes of financial assets
Mortgage loans against security of immovable property (primarily self-occupied residential property) to self-employed non-professional category of borrowers
Lending against security of hypothecation on underlying vehicle, including new and used Commercial Vehicles, Passenger Vehicles, Tractors and Construction Equipment
Secured loans to MSME customers in the form of loans against property, to support their business operations, expansion and working capital needs
Secured loans to customers for purchasing used commercial vehicles, used personal vehicles, used tractors, two-wheelers, electric two-wheelers and electric three-wheelers
Secured loans to retail customers for purchasing residential property or constructing, renovating or extending their homes
Small-ticket unsecured business and personal loans to MSME and retail customers for working capital requirements and personal use, and wholesale loans to other NBFCs
SWOT Analysis
Strengths
- • Established NBFC with diversified funding sources(p.39)
- • Strong capital adequacy ratio exceeding regulatory minimums(p.33)
- • Maintained credit rating with no downgrade history(p.39)
- • Consistent profitability growth over three fiscal years(p.33)
- • Established geographic footprint with 158 branches across multiple states(p.30)
- • Strong loan portfolio growth with secured lending focus(p.54)
- • Consistent profitability improvement and strong PAT CAGR(p.60)
- • Significant AUM growth trajectory(p.60)
- • Improved credit ratings with positive outlook(p.58)
- • Strong capital adequacy position(p.58)
- • Diversified loan portfolio across vehicle, MSME, and construction segments(p.59)
- • Strong capital adequacy position supporting lending growth(p.112)
- • Expanding branch and employee base enabling market penetration(p.121)
- • Rapid AUM growth outpacing industry trends(p.113)
- • Improving asset quality with declining NPA ratios(p.112)
- • Strong profitability with 15.66% RoNW(p.121)
- • Diversified product portfolio across MSME, vehicle and construction financing(p.121)
- • Strong net interest margin demonstrating efficient operations(p.121)
- • Dominant focus on MSME financing with strong revenue contribution(p.192)
- • Diversified and cost-effective funding from multiple sources with established lender relationships(p.193)
- • Improved credit rating enabling lower borrowing costs despite RBI rate increases(p.194)
- • Strong asset quality compared to peers with low GNPA and NPA ratios(p.200)
- • Comprehensive multi-level credit assessment and underwriting framework(p.206)
- • Substantial collateral-backed lending portfolio with high LTV coverage(p.194)
- • Experienced management team with 20+ years in financial services(p.190)
- • Established governance structure with board committees overseeing stakeholder interests and risk management(p.265)
- • Robust risk management framework with dedicated Risk Management Committee(p.266)
- • Strong leadership team with experienced Key Managerial Personnel and senior management across functions(p.269)
- • Expanding branch network and employee base across multiple states(p.288)
- • Growing Assets Under Management with 32.83% growth in FY2025(p.284)
- • Healthy capital adequacy ratio above regulatory requirements(p.288)
- • Diversified loan portfolio across MSME and vehicle finance segments with geographic spread(p.361)
- • Strong capital adequacy ratio exceeding regulatory minimum requirements(p.365)
- • Loan growth with controlled asset quality - low NPA ratio(p.372)
- • Secured lending model with first and exclusive charge on collateral(p.330)
- • Widest branch reach among peers in Rajasthan with highest number of branches(p.392)
- • Second highest return on net worth among comparable peers(p.392)
- • Strong AUM growth at 36.36% CAGR from FY23-FY25(p.392)
- • Diversified funding sources with access to 47 lenders(p.394)
- • Technology-driven operations with integrated digital ecosystem(p.394)
- • Strong focus on financial inclusion with 37.10% first-time borrowers(p.394)
- • Improved credit rating to A- with positive outlook(p.394)
- • Experienced management team with 20+ years in financial services(p.394)
Weaknesses
- • High concentration risk in Rajasthan with 80.06% of AUM(p.48)
- • Significant exposure to first-time borrowers lacking credit history(p.47)
- • High leverage with total borrowings of ₹11,370.64 million against equity base(p.41)
- • Dependence on top 10 lenders for 53.94% of borrowings(p.41)
- • Increasing Gross NPA ratio trending upward(p.44)
- • Recent past compliance violations with SEBI Listing Regulations(p.42)
- • Historical violations of Companies Act disclosure requirements(p.49)
- • Negative operating cash flows in all three fiscal years(p.45)
- • Historical audit trail system deficiencies in core business software(p.50)
- • Promoter personal guarantees on company borrowings create concentration risk(p.56)
- • Past instances of delays and defaults in statutory dues payments(p.66)
- • Significant portion of loan book is concentrated in unsecured lending(p.66)
- • Properties held in promoter names with incomplete transfer to company(p.53)
- • Lack of directorship experience in listed companies among majority directors(p.66)
- • Educational qualification documents not traceable for key promoters and directors(p.61)
- • Significant concentration in MSME lending vertical(p.121)
- • Smaller scale relative to listed peer companies(p.120)
- • Lower AUM compared to peer companies(p.125)
- • Geographic concentration with operations primarily in semi-urban and rural areas(p.118)
- • Rising cost of borrowing impacting margins(p.121)
- • Heavy concentration in Rajasthan with geographic dependency(p.203)
- • Rising GNPA ratio indicating deteriorating asset quality(p.195)
- • Lower AUM per branch and per employee compared to several peers(p.191)
- • High average ticket size of 0.43 million limiting market reach in underserved segments(p.191)
- • Significant dependence on debt financing with leverage ratio of 4.42x(p.289)
- • Increasing Non-Performing Assets with Gross NPA ratio rising to 1.07%(p.287)
- • High concentration of AUM in Rajasthan state representing 80% of portfolio(p.289)
- • Rising impairment charges indicating asset quality pressures(p.298)
- • Promoters hold 87.78% of shares creating significant concentration risk(p.273)
- • Concentration risk in borrowing from top 10 lenders(p.371)
- • Dependence on personal guarantees from promoters for debt securities(p.330)
- • Rising impairment allowances and ECL provisions indicating credit stress(p.323)
- • High leverage with debt-to-equity ratio above 4x(p.385)
- • Significant increase in Stage 3 (non-performing) loans(p.322)
- • High impairment on financial instruments increased 534% year-over-year(p.415)
- • Gross NPAs increased from 0.58% to 1.07% between FY23-FY25(p.396)
- • High leverage with debt-to-equity ratio of 4.41x(p.391)
- • Concentration in MSME lending at 76.34% of AUM(p.392)
- • Geographic concentration in five states: Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh(p.392)
- • Over 80% of MSME loans concentrated in residential property collateral(p.402)
Opportunities
- • Rapid growth in NBFC MSME lending market(p.30)
- • Expansion of systemic credit in India with projected 12-13% CAGR(p.30)
- • Rising NBFC market share in systemic credit(p.30)
- • Geographic expansion into underserved markets(p.49)
- • Acquisition of retail loan portfolios to expand asset base(p.44)
- • Significant expansion potential in under-penetrated rural and semi-urban credit markets(p.56)
- • Capacity to grow loan portfolio leveraging capital base augmentation(p.70)
- • Strategic business inorganic growth through acquisitions(p.55)
- • Geographic expansion into new regions and markets(p.56)
- • Significant untapped credit penetration potential in India(p.142)
- • Strong projected NBFC credit growth trajectory(p.150)
- • Rising shift toward retail credit segment benefiting NBFCs(p.150)
- • Expanding opportunities in MSME segment with under-served market(p.142)
- • Growing demand from informal customer base in semi-urban and rural areas(p.149)
- • Rapid economic growth supporting credit demand(p.139)
- • Substantial unmet credit demand in MSME sector with significant gap between supply and demand(p.162)
- • Rural and semi-urban credit growth significantly outpacing urban markets(p.196)
- • NBFCs expected to grow market share in MSME lending with 20-22% CAGR projected(p.156)
- • Cross-selling potential to existing customer base across multiple loan products(p.198)
- • Growing digital infrastructure enabling better credit assessment and lower costs(p.165)
- • Geographic expansion potential with only 30% district-level penetration achieved(p.198)
- • Expansion into new geographic markets with branch network growth into Madhya Pradesh, Gujarat, Chhattisgarh and Uttar Pradesh(p.289)
- • Leverage growing customer base which increased 49% from FY2023 to FY2025(p.288)
- • Enhance product offerings and fee-based income with fees and commission income growing to ₹134.63 million(p.298)
- • Improve operational efficiency with improving productivity ratios across branches(p.288)
- • Scale business through strategic borrowing with diversified lender base across 35 entities (5 private banks, 8 public banks, 22 NBFCs)(p.288)
- • Expansion of MSME lending segment which forms bulk of portfolio(p.361)
- • Growth in vehicle finance segment across multiple sub-products(p.361)
- • Expansion through assignment transactions and securitization(p.383)
- • Growing retail credit market share projected at 32.1% in FY25 from 21.6% in FY19(p.393)
- • Expansion to new geographies and increased penetration in potential regions(p.393)
- • Growth in vehicle financing AUM at 47.23% CAGR from FY23-FY25(p.393)
- • Leveraging technology to reduce processing times and costs(p.394)
- • Potential for financial inclusion through underserved market penetration(p.393)
Threats
- • MSME sector dependent on macroeconomic and policy changes(p.40)
- • Vulnerability to macroeconomic downturns affecting customer defaults(p.40)
- • RBI regulatory inspection and non-compliance penalties(p.43)
- • Regional economic, social and political risks concentrated in specific geographies(p.49)
- • Rising interest rates increasing customer borrowing costs(p.40)
- • Inflationary pressures impacting customer repayment capacity(p.40)
- • RBI guidelines changes affecting lending practices and capital requirements(p.40)
- • Regulatory changes affecting NBFC operations and capital requirements(p.57)
- • Interest rate volatility impacting lending margins and customer demand(p.52)
- • Used vehicle sector exposed to government policy changes and market cycles(p.59)
- • Economic slowdown adversely affecting customer loan repayment capacity(p.59)
- • Intense competition from banks, NBFCs and fintech companies(p.64)
- • Geopolitical tensions affecting Indian economy and business operations(p.71)
- • Cyber security and data breach risks from IT systems and third-party vendors(p.60)
- • Asset-liability maturity mismatches creating liquidity risks(p.55)
- • Rising RBI regulatory scrutiny on consumer credit exposure(p.149)
- • Increased cost of borrowing due to higher risk weights for NBFC consumer credit(p.149)
- • Intense competition from larger, established financial institutions(p.145)
- • Macroeconomic sensitivity and economic slowdown risks(p.140)
- • Credit market deterioration and potential asset quality stress(p.148)
- • Dependence on funding from banks and capital markets(p.112)
- • Rising interest rates impacting borrower repayment capacity and increasing credit losses(p.166)
- • Increased competition from banks, fintechs and other NBFCs in MSME lending market(p.165)
- • Economic slowdown and macroeconomic volatility affecting borrower cash flows(p.151)
- • Regulatory risks and potential stricter RBI guidelines for NBFCs(p.209)
- • Dependence on bank funding with potential liquidity constraints during crises(p.151)
- • Regulatory risk from RBI regulations on NBFC operations and compliance requirements(p.301)
- • Macroeconomic risks affecting borrower repayment capacity including inflation and unemployment(p.309)
- • Competition from larger financial institutions and other NBFCs in the lending space(p.282)
- • Interest rate risk from floating rate borrowings representing 79.38% of total borrowings(p.289)
- • Dependence on customer repayment with Stage 2 (SICR) loans at ₹415.87 million and Stage 3 NPAs at ₹121.83 million(p.287)
- • Regulatory capital requirement pressures and CRAR decline(p.369)
- • Rising interest rate environment increases financing costs(p.343)
- • Increase in credit loss provisions required by RBI IRACP norms(p.375)
- • Customer complaint volume trending upward(p.382)
- • Concentration risk in geographic market - primarily 4 states(p.361)
- • Highly competitive NBFC industry with multiple established competitors(p.402)
- • Dependence on mid to low-income customers in rural and semi-urban areas susceptible to adverse economic conditions(p.399)
- • Regulatory changes in classification of non-performing assets requiring immediate clearance of all outstanding arrears(p.399)
- • Macro-economic factors including interest rates, unemployment and commodity price movements affecting credit quality(p.399)
- • Dependence on cost-effective funding sources affected by developments in debt markets and credit conditions(p.397)
- • Litigation risks in ordinary course of business related to loan recovery and property repossession(p.423)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Deepak Baid | Promoter/Promoter Selling Shareholder | 17.66% | — |
| Prem Devi Baid | Promoter/Promoter Selling Shareholder | 3.38% | — |
| Aneesha Baid | Promoter/Promoter Selling Shareholder | 5.41% | — |
| Hirak Vinimay Private Limited | Promoter | 52.01% | — |
| Deepak Hitech Motors Private Limited | Promoter/Promoter Selling Shareholder | 6.70% | — |
| Prem Dealers Private Limited | Promoter/Promoter Selling Shareholder | 2.58% | — |
| Vivan Baid Family Trust | Promoter | 0.03% | — |
| Deepak Baid | Promoter | 7,384,952 Equity Shares (17.66%) | — |
| Prem Devi Baid | Promoter | 1,413,070 Equity Shares (3.38%) | — |
| Aneesha Baid | Promoter | 2,261,902 Equity Shares (5.41%) | — |
| Hirak Vinimay Private Limited | Promoter Group | — | — |
| Prem Dealers Private Limited | Promoter Group | 1,079,114 Equity Shares (2.58%) | — |
| Deepak Hitech Motors Private Limited | Promoter Group | 2,801,082 Equity Shares (6.70%) | — |
| Deepak Baid | Promoter | 17.66% | — |
| Prem Devi Baid | Promoter | 3.38% | — |
| Aneesha Baid | Promoter | 5.41% | — |
| Hirak Vinimay Private Limited | Promoter | 52.01% | — |
| Deepak Hitech Motors Private Limited | Promoter | 6.70% | — |
| Prem Dealers Private Limited | Promoter | 2.58% | — |
| Vivan Baid Family Trust | Promoter | 0.03% | — |
| Deepak Baid and Promoter Group | Promoter | 87.78% | — |
| Deepak Baid | Promoter | 17.66% | — |
| Prem Devi Baid | Promoter | 3.38% | — |
| Aneesha Baid | Promoter | 5.41% | — |
| Deepak Baid | Promoter | — | — |
| Prem Devi Baid | Promoter | — | — |
| Aneesha Baid | Promoter | — | — |
| Hirak Vinimay Private Limited | Promoter | — | — |
| Deepak Hitech Motors Private Limited | Promoter | — | — |
| Prem Dealers Private Limited | Promoter | — | — |
| Vivan Baid Family Trust | Promoter Trust | — | — |
| Hirak Vinimay Private Limited | Promoter Group/Holding Company | 54.75% | 52.01% |
| Deepak Baid | Promoter | 19.13% | 17.66% |
| Aneesha Baid | Promoter | 5.83% | 5.41% |
| Prem Devi Baid | Promoter | 3.56% | 3.38% |
| Deepak Hitech Motors Private Limited | Promoter Group | 7.42% | 6.70% |
| Prem Dealers Private Limited | Promoter Group | 2.72% | 2.58% |
| Deepak Baid | Promoter | — | — |
| Deepak Baid | Promoter | — | — |
| Prem Devi Baid | Promoter | — | — |
| Aneesha Baid | Promoter | — | — |
| Deepak Hitech Motors Private Limited | Promoter | — | — |
| Prem Dealers Private Limited | Promoter | — | — |
| Preeti Chopra | Promoter Group | — | — |
| Rashmi Giria | Promoter Group | — | — |
Leadership
Deepak Baid · Managing Director
Gopal Krishan Sain · Chief Financial Officer
Sourabh Mishra · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Laxmi India Finance IPO FAQs
What is the lot size of Laxmi India Finance IPO?
The minimum lot size of Laxmi India Finance IPO is 94 shares. One lot costs ₹14,852 at the cut-off price.
When does Laxmi India Finance IPO open and close?
Laxmi India Finance IPO opened for subscription on 29 Jul 2025 and closed on 31 Jul 2025.
What is the listing date of Laxmi India Finance IPO?
Laxmi India Finance IPO listed on 05 Aug 2025.