Laxmi India Finance Secures Over Rs 75 Crore from Anchor Investors Before IPO Launch

Laxmi India Finance Ltd, a non-banking financial company (NBFC), has successfully raised over Rs 75 crore from anchor investors. This funding comes just before its initial public offering (IPO) opens for public subscription. Institutional investors like Saint Capital Fund and BNP Paribas Financial Markets participated in this anchor round, as per a circular on the BSE website.

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The company has allocated 47.79 lakh equity shares to 11 funds at Rs 158 each, totalling Rs 75.51 crore. The IPO, priced between Rs 150 and Rs 158 per share, will be available for public subscription from July 29 to July 31. The Jaipur-based company's IPO includes a fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters.

IPO Details and Financial Strategy

The total IPO size is estimated at Rs 254.26 crore at the top end of the price range. Funds from the fresh issue will be utilised to enhance the company's capital base, supporting future lending needs and general corporate purposes. Laxmi India Finance offers various lending products, including loans for MSMEs, vehicles, and construction.

As of March 2025, the company's assets under management (AUM) rose to Rs 1,277 crore from Rs 687 crore in March 2023. This growth represents a compound annual growth rate (CAGR) of over 36 per cent, driven by increased loan volumes and an expanded branch network.

Operational Growth and Financial Performance

The company's operational network includes 158 branches across rural, semi-urban, and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh as of March 2025. Revenue from operations increased by 42 per cent to Rs 246 crore in FY25 compared to Rs 173 crore in the previous fiscal year.

Profit after tax also saw a significant rise of 60 per cent, reaching Rs 36 crore compared to Rs 22.5 crore during the same period. PL Capital Markets is acting as the sole book-running lead manager for this public issue.

Laxmi India Finance's strategic expansion and financial performance highlight its robust growth trajectory in the NBFC sector. The upcoming IPO aims to further strengthen its capital base and support its diverse lending portfolio.

With inputs from PTI