Laxmi India Finance IPO Sees 88% Subscription on Day 2; Retail and Employee Quotas Fully Booked
By Shishta Dutta | Published at: Jul 30, 2025 07:17 PM IST
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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