Laxmi India Finance IPO Sees 88% Subscription on Day 2; Retail and Employee Quotas Fully Booked

Authored By Shishta Dutta | Published at: Jul 30, 2025 07:17 PM IST

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Mumbai, July 30, 2025 — The ₹254 crore IPO of Laxmi India Finance Ltd gathered strong traction from retail and employee segments on the second day of bidding, with total subscription reaching 0.88 times as of 5:00 PM. Retail Individual Investors (RIIs) oversubscribed their portion, while institutional demand also picked up pace ahead of the final day.

Day 2 Subscription Status: Category-Wise Breakdown

Category	Shares Offered	Shares Bid For	Subscription (x)
Qualified Institutional Buyers (QIBs)	31,86,253	14,28,236	0.45
Non-Institutional Investors (NIIs)	23,89,691	12,42,398	0.52
– NIIs (₹>10 lakh)	15,93,128	6,09,026	0.38
– NIIs (₹2L–10 lakh)	7,96,563	6,33,372	0.80
Retail Individual Investors (RIIs)	55,75,944	71,43,154	1.28
Employees	1,60,928	1,64,594	1.02
Total	1,13,12,816	99,78,382	0.88

Strong Cut-Off Interest

The cut-off category saw 60.81 lakh shares bid, with the remaining spread across price bids at or below ₹158. RIIs alone placed 59.53 lakh shares at the cut-off, reflecting confidence in the upper band pricing.

IPO Details Snapshot

Particulars	Details
IPO Open Date	July 29, 2025
IPO Close Date	July 31, 2025
Price Band	₹150 – ₹158
Lot Size	94 shares
Total Issue Size	₹254 crore (1.13 crore shares)
Listing Date	August 5, 2025

About Laxmi India Finance Ltd

Laxmi India Finance Ltd is a Jaipur-based NBFC specialising in MSME lending, vehicle finance, and construction loans. With an AUM of ₹1,277 crore as of March 2025, the company has reported robust growth over the past two years. The IPO proceeds will be used to strengthen the capital base and support future business expansion. The shares are proposed to be listed on BSE and NSE.

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