The shares of Laxmi India Finance Ltd were first listed on the stock exchanges on 05 Aug 2025.
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Min Investment
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Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
Initial public offer of 16,092,195 equity shares of face value of Rs. 5 each (Equity Shares) of Laxmi India Finance Limited (Company ) for cash at a price of Rs. 158 per equity share (including a share premium of Rs. 153 per equity share) (the Offer Price) aggregating to Rs. 254.26 crores (the Offer) comprising a fresh issue of 10,453,575 equity shares of face value of Rs. 5 each aggregating to Rs. 165.17 crores by the company (the Fresh Issue) and an offer for sale of 5,638,620 equity shares aggregating to Rs. 89.09 crores (the Offer for Sale) by the selling shareholders, consisting of 3,084,952 equity shares aggregating to Rs. 48.74 crores by Deepak Baid, 913,070 equity shares of face value of Rs. 5 each aggregating to Rs. 14.43 crores by Prem Devi Baid, 1,261,902 equity shares of face value of Rs. 5 each aggregating to Rs. 19.94 crores by Aneesha Baid, 180,000 equity shares of face value of Rs. 5 each aggregating to Rs. 2.84 crores by Deepak Hitech Motors Private Limited, 90,000 equity shares of face value of Rs. 5 each aggregating to Rs. 1.42 crores by Prem Dealers Private Limited, 54,348 equity shares of face value of Rs. 5 each aggregating to Rs.0.86 crores by Preeti Chopra and 54,348 equity shares of face value of Rs. 5 each aggregating to Rs.0.86 crores by Rashmi Giria (collectively referred to as the Selling Shareholders and such equity shares offered by the selling shareholders, Offered Shares). The offer constitutes 30.79% of the post-offer paid-up equity share capital of the company. The offer included a reservation of 160,928 equity shares of face value of Rs. 5 each, aggregating to Rs.2.54 crores (constituting to 0.31% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 30.79% and 30.48%, respectively, of the post-offer paid-up equity share capital of the company.
The shares of Laxmi India Finance Ltd were first listed on the stock exchanges on 05 Aug 2025.
The total issue size of the Laxmi India Finance Ltd IPO is 254.26
The minimum lot size for Laxmi India Finance Ltd public issue was 94.00 shares.
The price band of the IPO of Laxmi India Finance Ltd was 158.00 to 0.00 per equity shares.
Laxmi India Finance Limited was incorporated under the provisions of the Companies Act, 1956 as `Laxmi India Finleasecap Private Limited' pursuant to a certificate of incorporation dated May 10, 1996, issued by Registrar of Companies, Delhi and Haryana. The Company has been granted a certificate of registration dated March 28, 2001 under its former name `Laxmi India Finleasecap Private Limited' by the RBI to carry on the business of a non-banking financial company without accepting public deposits. The Company changed its registered office to the state of West Bengal pursuant to the order dated July 19, 2011 passed by the Hon'ble Company Law Board, Bench at New Delhi. Further, the registered office of the Company was shifted from the state of West Bengal to the state of Rajasthan pursuant to the order dated December 01, 2020 passed by the Regional Director, Eastern Region. Subsequently, a certificate of registration dated April 25, 2018 was granted by the RBI pursuant to shifting of the registered office of the Company to the state of West Bengal from Delhi. Pursuant to shifting of registered office of the Company to the state of Rajasthan, the RBI had granted a certificate of registration dated March 15, 2021. Thereafter, the name of the Company was changed to Laxmi India Finance Private Limited to align it with our business activities pursuant to a resolution passed by its Shareholders dated January 25, 2023 and a fresh certificate of incorporation was issued by the RoC on March 10, 2023. Consequently, the RBI had granted a certificate of registration dated March 31, 2023, to the Company. The Company was converted into a public limited company and the name of our Company was changed to `Laxmi India Finance Limited' pursuant to a special resolution passed by its Shareholders dated August 9, 2024 and a fresh certificate of incorporation issued by the RoC on October 08, 2024. The RBI has granted a certificate of registration dated February 7, 2025 to the Company consequent to conversion of the Company from private limited company to a public limited company.
MUFG Intime India Pvt Ltd is the registrar and share transfer agent of Laxmi India Finance Ltd IPO.