The Rs 254.26-crore IPO, comprising a contemporary concern and a suggestion on the market, closed with a wholesome 1.86 instances general subscription, with sturdy retail participation at 2.20 instances.
Included in 1996, Laxmi India Finance is a regional NBFC with a stronghold in Rajasthan and presence throughout Gujarat, Madhya Pradesh, and Chhattisgarh. It focuses on priority-sector lending to MSMEs and car mortgage clients. As of March 2025, its AUM stood at Rs 1,277 crore, with MSME lending making up over 76% of the portfolio.
The IPO was priced at Rs 158 per share, valuing the corporate at Rs 826 crore market cap post-issue. It reported a web revenue of Rs 36 crore on revenues of Rs 248 crore in FY25, reflecting YoY development of 60% and 42%, respectively.
Analysts view the inventory as pretty valued, although opinions are divided as a result of its regional focus, excessive leverage, and reasonable asset high quality indicators. Nonetheless, its environment friendly hub-and-spoke mannequin, tech-enabled sourcing, and excessive first-time borrower base assist its long-term lending technique.
The inventory will checklist on each NSE and BSE on August 5, and early commerce will reveal whether or not the slight GMP interprets into listing-day features or if the counter sees muted motion.(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Instances)
