Laxmi India Finance IPO Sees Robust 1.84x Subscription; Retail Portion Oversubscribed 2.15x

Mumbai, July 31, 2025 — The ₹254 crore IPO of Laxmi India Finance Ltd closed on a strong note today, receiving bids for 2.07 crore shares against the offer size of 1.13 crore shares, marking an overall subscription of 1.84 times. The public issue was powered by overwhelming demand from retail investors (2.15x) and Non-Institutional Investors (1.83x), while Qualified Institutional Buyers (QIBs) also subscribed fully by the end.

Final Subscription Status (As of July 31, 2025 – 4:18 PM)

The IPO closed with solid demand across investor categories on July 31, 2025, at 4:18 PM.

• Qualified Institutional Buyers bid for 41,36,940 shares against 31,86,253 shares on offer, subscribing 1.30 times.
• Non-Institutional Investors put in bids for 43,79,272 shares compared to 23,89,691 available, taking the subscription to 1.83 times.
• Within this, investors bidding over ₹10 lakh subscribed 1.82 times, while those in the ₹2 lakh to ₹10 lakh range subscribed 1.86 times.
• Retail investors subscribed 2.15 times. It bid for 1,19,65,260 shares against 55,75,944 shares offered.
• The employee portion saw bids for 2,44,024 shares, compared to 1,60,928 available, translating to a 1.52 times subscription.
• Overall, the IPO was subscribed 1.83 times with total bids for 2,07,25,496 shares against 1,13,12,816 shares offered.

Key Retail Insights:

• Cut-Off Bids: 98.51 lakh
• Price Bids: 21.13 lakh
• Retail bids alone crossed the 1 crore mark, reflecting strong retail confidence in the NBFC.

Price-Wise Demand Snapshot

Investor demand was the highest at the ₹150 price point, with bids coming in for 2,07,66,950 shares. At the upper end of the price band, ₹158, investors bid for 2,06,69,002 shares. At the cut-off price, bids were placed for 1,00,37,132 shares.

IPO Recap

The IPO opened for subscription on July 29, 2025 and closes today. The price band was set between ₹150 and ₹158 per share. The total issue size stood at ₹254 crore. Shares are scheduled to list on the stock exchanges on August 5, 2025.

About Laxmi India Finance

Laxmi India Finance Ltd, headquartered in Jaipur, is a non-deposit-taking NBFC offering MSME loans, vehicle finance, and construction finance. With a robust AUM of ₹1,277 crore as of FY25, the company has demonstrated solid growth in recent years. The IPO funds will be used to strengthen its capital base and support lending growth. The shares are proposed to be listed on NSE and BSE.

With oversubscription across all categories and strong anchor interest, Laxmi India Finance Ltd is poised for a positive listing debut on August 5, 2025.

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