1. At a Glance
A ₹254.26 Cr IPO where Laxmi India Finance wants you to fund their growth party. Out of this, ₹165.17 Cr is fresh money, and ₹89.09 Cr is promoters cashing out. Price band ₹150–₹158, minimum bid ₹14,100. Retail gets 35%, HNIs 15%, QIBs 50%. Listing on BSE/NSE on August 5, 2025.
2. Introduction with Hook
Imagine your neighborhood NBFC that gives tractor loans suddenly deciding to play in the big league. That’s Laxmi India Finance. They lend to MSMEs and vehicles in semi-urban Rajasthan and now want to raise ₹254 Cr so they can lend even more. Revenue grew 42% YoY, PAT jumped 60%, and management thinks investors will lap up the IPO like free chai.
3. Business Model (WTF Do They Even Do?)
They’re an NBFC with three main products:
- MSME Finance: Loans against property, 65% LTV, 7-year tenure, for small biz heroes.
- Vehicle Finance: For two-wheelers, tractors, and commercial vehicles.
- Construction Loans: For renovations/construction with steep interest rates (18–28%).
Essentially, they lend where banks fear to
