PL Capital Leads Laxmi India Finance IPO: The ₹254 Cr Public Issue Opens July 29, GMP at ₹13 Signals Strong Debut
- 28th July 2025
- 12:30:00 PM
- 3 min read
Mumbai | July 28 – Laxmi India Finleasecap Ltd, popularly known as Laxmi India Finance, is set to open its ₹254.26 crore Initial Public Offering (IPO) on July 29, 2025. The issue is being led by PL Capital Markets Pvt. Ltd., reinforcing PL Capital’s growing reputation as a trusted bridge between high-growth NBFCs and value-driven investors.
Early signs point to robust investor appetite — the IPO’s grey market premium (GMP) stood at ₹13 on July 28, hinting at an estimated listing gain of 8.2% over the upper price band of ₹158.
IPO Timeline & Grey Market Premium (GMP)
- Opening Date: July 29, 2025
- Closing Date: July 31, 2025
- GMP (as on July 28): ₹13
- Implied Listing Price: ₹171
- Expected Listing: August 5, 2025, on NSE & BSE
Note: GMP reflects unofficial sentiment in the grey market and is not an assured indicator of listing performance.
About Laxmi India Finance
Laxmi India Finleasecap Ltd, popularly known as Laxmi India Finance, is a Jaipur-based NBFC with 20+ years in the lending space. It offers a diverse loan portfolio, especially catering to Bharat’s heartland:
- MSME Loans
- Two-Wheeler & Personal Loans
- Affordable Construction Finance
Its deep presence in Tier-2 and Tier-3 cities and a customer base focused on underbanked segments have contributed to its reputation for high-yield growth and operational discipline.
IPO Details & Financial Snapshot
| Detail | Information |
| Total Issue Size | ₹254.26 crore |
| Fresh Issue | ₹165.17 crore |
| Offer for Sale | ₹89.09 crore |
| Price Band | ₹150 – ₹158 |
| Lot Size | 94 shares |
| Minimum Investment (Retail) | ₹ 14,100 |
| Lead Manager | PL Capital Markets Pvt. Ltd. |
| FY25 Financials (YoY Growth) | |
| Net Profit | ₹35.91 crore (+58.8%) |
| Total Revenue | ₹248.04 crore (+41.7%) |
| Borrowings | ₹1,137.1 crore (+48.3%) |
Use of IPO Proceeds
The ₹165.17 crore from the fresh issue will be primarily used to:
- Expand and diversify the loan book
- Strengthen Tier 1 capital adequacy
Investor Allocation:
- QIB: 50%
- Retail: 35%
- NII (HNI): 15%
Allotment Date: August 1, 2025
Refund & Demat Credit: August 4, 2025
PL Capital’s Strategic Role
PL Capital proudly leads this high-growth IPO, reaffirming its commitment to connecting quality NBFCs with value-focused investors. Known for its sharp deal curation and full-stack execution, PL Capital has carved a niche in bringing emerging market leaders to public markets with confidence and clarity.
How to Apply for Laxmi India Finance IPO via PL Capital
Applying is simple via PL Capital’s digital platform:
- Log in to your account on www.plindia.com or PL Mobile App
- Navigate to the IPO Section
- Select ‘Laxmi India Finance IPO’
- Enter bid details – quantity, price, UPI ID
- Approve the UPI mandate in your banking app
- Track your status directly through the PL dashboard
Final Take
The Laxmi India Finance IPO, driven by strong fundamentals and guided by PL Capital, offers a compelling proposition in the NBFC segment. A promising GMP, consistent growth metrics, and PL’s seasoned leadership in public offerings make this one of the most watched IPOs of the SME/NBFC space in 2025.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
