Latest news with #LaxmiIndiaFinanceLtd
Mint
15 hours ago
- Business
- Mint
Laxmi India Finance IPO Day 1 Live: Check GMP, key dates, review, subscription status, more
Laxmi India Finance IPO Day 1 Live: Laxmi India Finance Ltd, an NBFC player, is set to open its public subscription from July 29 until July 31. Laxmi India Finance IPO price band is fixed in the range of ₹ 150 to ₹ 158 per share. Laxmi India Finance, a Jaipur-based company's offering includes a fresh issuance of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by its promoters. At the upper end of the price band, the total Laxmi India Finance Limited IPO size is estimated to be ₹ 254.26 crore. Funds raised from the fresh issue will be allocated to enhance its capital base to satisfy future lending requirements and for general corporate activities. As a non-deposit-taking NBFC, Laxmi India Finance provides a variety of financial products, such as loans for MSMEs (micro, small and medium enterprises), vehicle financing, construction loans, and other lending services. By March 2025, the company's assets under management (AUM) rose to ₹ 1,277 crore from ₹ 687 crore as of March 2023, indicating a compound annual growth rate (CAGR) exceeding 36 percent, largely fueled by higher loan volumes and an improved branch network. Stay tuned for more updates Follow updates here: 29 Jul 2025, 09:01 AM IST Laxmi India Finance IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved upto 160,928 equity shares. 29 Jul 2025, 09:01 AM IST Laxmi India Finance successfully secured more than ₹ 75 crore from anchor investors on Monday, prior to the opening of its initial public share subscription. This portion intended for anchor investors included participation from various institutional investors, such as Saint Capital Fund, BNP Paribas Financial Markets -- ODI, Compact Structure Fund, Cognizant Capital Dynamic Opportunities Fund, India Max Investment Fund, Holani Venture Capital Fund-I, and Rajasthan Global Securities, as detailed in a circular published on the BSE website. According to the circular, Laxmi India Finance has issued 47.79 lakh equity shares to 11 funds at a price of ₹ 158 each, resulting in a total transaction value of ₹ 75.51 crore. 29 Jul 2025, 08:59 AM IST Laxmi India Finance IPO GMP is +9. This indicates Laxmi India Finance share price was trading at a premium of ₹ 9 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Laxmi India Finance share price was indicated at ₹ 167 apiece, which is 5.70% higher than the IPO price of ₹ 158. According to the analysis of the past eight sessions of grey market activities, today's IPO GMP is on the rise and is anticipated to have a robust listing. The minimum GMP recorded is ₹ 0.00, whereas the maximum GMP stands at ₹ 18, as reported by experts from 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Time of India
16 hours ago
- Business
- Time of India
Laxmi India Finance garners over Rs 75 cr from anchor investors. Check key details here
NBFC player Laxmi India Finance Ltd on Monday raised over Rs 75 crore from anchor investors ahead of its initial share-sale opening for public subscription . This anchor portion saw participation from institutional investors, including Saint Capital Fund, BNP Paribas Financial Markets -- ODI, Compact Structure Fund, Cognizant Capital Dynamic Opportunities Fund, India Max Investment Fund, Holani Venture Capital Fund-I and Rajasthan Global Securities, according to a circular uploaded on the BSE website. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence others Project Management Digital Marketing Leadership Data Science Degree Technology Healthcare Product Management Management MBA healthcare Operations Management Data Analytics Cybersecurity PGDM Design Thinking Finance MCA CXO Public Policy Data Science Others Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details As per the circular, Laxmi India Finance has allotted 47.79 lakh equity shares to 11 funds at Rs 158 apiece. This aggregates the transaction size to Rs 75.51 crore. The issue, with a price band of Rs 150-158 per share, will open for public subscription on July 29 and conclude on July 31. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Live Events Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC , offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore in FY25 against Rs 173 crore in the preceding fiscal year, while its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. PTI
Economic Times
16 hours ago
- Business
- Economic Times
Laxmi India Finance garners over Rs 75 cr from anchor investors. Check key details here
Laxmi India Finance Ltd garnered over Rs 75 crore from anchor investors, including Saint Capital Fund and BNP Paribas Financial Markets, prior to its IPO launch. The IPO, opening July 29, comprises a fresh issue and offer for sale, targeting Rs 254.26 crore. Proceeds will bolster the NBFC's capital for lending. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NBFC player Laxmi India Finance Ltd on Monday raised over Rs 75 crore from anchor investors ahead of its initial share-sale opening for public subscription This anchor portion saw participation from institutional investors, including Saint Capital Fund, BNP Paribas Financial Markets -- ODI, Compact Structure Fund, Cognizant Capital Dynamic Opportunities Fund, India Max Investment Fund, Holani Venture Capital Fund-I and Rajasthan Global Securities, according to a circular uploaded on the BSE per the circular, Laxmi India Finance has allotted 47.79 lakh equity shares to 11 funds at Rs 158 apiece. This aggregates the transaction size to Rs 75.51 issue, with a price band of Rs 150-158 per share, will open for public subscription on July 29 and conclude on July Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate India Finance, a non-deposit-taking NBFC , offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh as of March NBFC player's revenue from operations increased 42 per cent to Rs 246 crore in FY25 against Rs 173 crore in the preceding fiscal year, while its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the Capital Markets is the sole book-running lead manager to the public issue. PTI
Economic Times
6 days ago
- Business
- Economic Times
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). ADVERTISEMENT The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. ADVERTISEMENT Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. Explore courses from Top Institutes in Please select course: Select a Course Category others MBA Leadership Product Management Artificial Intelligence Data Science Project Management CXO Finance Digital Marketing Data Analytics MCA Cybersecurity Management Others Design Thinking healthcare PGDM Operations Management Degree Public Policy Technology Data Science Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. Live Events As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue.
