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Laxmi India Finance: Laxmi India Finance shares get listed at 14% discount!

News by Aliceblue News Desk

05 Aug 2025

Laxmi India Finance: Laxmi India Finance shares get listed at 14% discount!

Laxmi India Finance shares had a weak listing on August 5, debuting at ₹136 on BSE, down 13.92%, and ₹137.52 on NSE, down 12.96% from the IPO price of ₹158. The IPO bidding was held from July 29 to 31, with allotment finalized on August 1, 2025.

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Laxmi India Finance IPO details

Laxmi India Finance’s ₹254 crore IPO saw a lukewarm response, subscribed only 1.86 times. Retail quota led with 2.20 times bids, followed by NII at 1.83x, employee at 1.54x, and QIB at just 1.30x by the close of bidding.

About Laxmi India Finance

Laxmi India Finance Ltd., established in 1996, is a Non-Banking Financial Company offering MSME, vehicle, and construction loans, primarily targeting small businesses and entrepreneurs, with over 80% of MSME loans qualifying under Priority Sector Lending.

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Laxmi India Finance IPO objective

The objective of Laxmi India Finance IPO is to raise funds for augmenting its capital base to support future lending activities, improve financial stability, and provide partial exit to existing shareholders through the offer for sale component.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

FAQs

Q: At what price did Laxmi India Finance list on the exchange?

A: Laxmi India Finance listed at ₹136 on BSE and ₹137.52 on NSE, below its IPO price of ₹158.

Q: How much was Laxmi India Finance IPO subscribed?

A: The IPO was subscribed 1.86 times, with retail investors bidding 2.20 times their reserved portion.

Q: What is the objective of Laxmi India Finance IPO?

A: The IPO aims to strengthen the company’s capital base and provide a partial exit to existing shareholders.

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