Laxmi India Finance IPO Set to Boost Capital with Rs 254-Crore Offering
Laxmi India Finance Ltd, a Jaipur-based NBFC, has announced its upcoming Rs 254-crore IPO with a price band of Rs 150-158 per share. The IPO, featuring fresh shares and promoter sales, aims to support capital expansion and lending capabilities. The company shows promising growth with a 36% CAGR in AUM.
- Country:
- India
Laxmi India Finance Ltd, a leading non-deposit-taking NBFC, has set a price band of Rs 150-158 per share for its highly anticipated Rs 254-crore initial public offering (IPO), scheduled from July 29 to July 31.
The Jaipur-based firm's IPO combines a fresh issue of 1.84 crore equity shares and a promoter offer for sale of 56.38 lakh shares, targeting a substantial Rs 254.26 crore at the upper end. The proceeds are earmarked for capital base strengthening and future expansion in lending.
Demonstrating impressive growth, Laxmi India Finance's assets under management (AUM) swelled to Rs 1,277 crore by March 2025, reflecting a 36% CAGR. The company's operational revenue surged 42% to Rs 246 crore for fiscal 2025, while profits rose 60% to Rs 36 crore. PL Capital Markets is acting as the sole book-running lead manager for this public issue.
(With inputs from agencies.)
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