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Laxmi India Finance Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares 16092195
  • Face Value Rs. 5
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We are a non-deposit taking non-banking financial company focused on serving the financial needs of underservedcustomers in India’s lending market. As on September 30, 2024, our operational network spans across 139 branches inrural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh and Chhattisgarh. Laxmi Financehas the widest reach in Rajasthan in terms of being the company with highest number of branches amongst its peers forthe period ending FY24 (Source: CARE Report). Our product portfolio includes MSME loans, vehicle loans, constructionloans and other lending products catering to the diverse financial needs of our customers. Our MSME lending fuelseconomic growth and promotes financial inclusion by supporting small businesses and entrepreneurs, with over 80% ofour MSME loans qualifying as Priority Sector Lending under RBI guidelines.Building on a legacy that began in early 1990s with Deepak Finance & Leasing Company (a proprietorship concernfounded by our Promoter’s father) (DFL), our Promoter acquired the shares and control of our Company in 2010.Subsequently, in 2011, our Company consolidated the business by acquiring and integrating the business and operationsof DFL, leveraging the expertise and strengths of both entities. As of June 30, 2024, our assets under management (AUM)stood at ?10,355.35 million with our MSME and vehicle loan verticals contributing 75.49% and 17.46%, respectively.

Promoters

Prmoters Name

1. Deepak Baid

2. Prem Devi Baid

3. Aneesha Baid

4. Hirak Vinimay Pvt Ltd.

5. Deepak Hitech Motors Pvt Ltd.

6. Prem Dealers Pvt Ltd.

7. Vivan Baid Family Trust

Prmoters Holdings
  • Pre Share Capital: 37236188
  • Pre Promoter Holding: 89.05
  • Offer to Public: 16092195
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Link Intime India Pvt Ltd.
Phone: 91-022-25946970/71/72/73/74/75/76/77/78/60320
Email: helpdesk@linkintime.co.in
Website: www.linkintime.co.in

Lead Managers

  • PL Capital Markets Pvt Ltd

Subscription Details