Laxmi India Finance Lists at ₹137.52, Down 12.9% from IPO Price of ₹158

Mumbai, August 5, 2025 – The shares of Laxmi India Finance Limited made a muted entry on the stock exchange listing at ₹137.52 at a discount of 12.9% from the IPO price of ₹157 per share. This is despite Laxmi India Finance IPO being oversubscribed by 1.87 times, which included robust retail and non-institutional participation.

At 10:05 AM, the stock made a few gains and was trading at ₹144.00, up ₹6.48 or 4.71% from the listing price, after touching an intraday high of ₹146.68 and a low of ₹137.25.

Listing Day Performance Snapshot

The stock listed at ₹137.52, below its IPO price band of ₹150-₹158, and saw a volatile debut with an intraday high of ₹146.68 and low of ₹137.25. It recorded a VWAP of ₹140.89 and traded 26.49 lakh shares worth ₹37.32 crore. Sell pressure dominated early trade, with 12.96 lakh shares sold versus 5.94 lakh bought.

There are multiple reasons for the discounted listing of the stock, starting with muted investor sentiment, moderate subscription levels, and mixed analyst opinions. There were also concerns about the company’s regional concentration, relatively high leverage, and moderate asset quality, which might have tempered market enthusiasm.

Company Background

Laxmi India Finance Ltd (LIFC), incorporated in 1996 and headquartered in Jaipur, is a non-deposit-taking NBFC registered with the RBI. The company focuses on MSME, vehicle, and construction loans across underserved markets in Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh. As of June 30, 2024, the company reported an AUM of ₹1,035.53 crore, with MSME and vehicle lending forming the bulk of its portfolio.

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