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Laxmi India Finance Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for approval ahead of its upcoming IPO. The IPO will be conducted through a book-building process. Of the net offering, up to 50% is reserved for qualified institutional buyers, while at least 15% is allocated for non-institutional bidders, and 35% is reserved for retail individual bidders.

PL Capital Markets Private Limited is serving as the exclusive book-running lead manager for the IPO. Link Intime India Private Limited has been appointed as the registrar for the offering.

Laxmi India Finance IPO Details

Laxmi India Finance IPO features a face value of ₹5 per share and consists of a fresh issue of 1,04,53,575 equity shares. Additionally, there is an offer for sale of up to 56,38,620 equity shares from the Promoter and Promoter Group Selling Shareholders.

The offer for sale includes equity shares from the following shareholders:

• Deepak Baid: Up to 3,084,952 equity shares
• Prem Devi Baid: Up to 913,070 equity shares
• Aneesha Baid: Up to 1,261,902 equity shares
• Deepak Hitech Motors: Up to 180,000 equity shares
• Prem Dealers Private Limited: Up to 90,000 equity shares
• Preeti Chopra and Rashmi Giria: Up to 54,348 equity shares each

The IPO also includes a reserved portion for eligible employees to subscribe, with a discount offered to those participating in the employee reservation segment.

Use of IPO Proceeds

The funds raised through the new issuance will be utilised to strengthen the company’s capital base, supporting future lending activities and other corporate needs.

About Laxmi India Finance

Laxmi India Finance is a non-banking financial institution based in Jaipur. It focuses on addressing the financial needs of underserved groups within India’s lending sector. The company originated in the early 1990s as Deepak Finance & Leasing Company (DFL), a sole proprietorship founded by the promoter’s father. In 2010, the promoter acquired the company’s shares and control, integrating DFL’s operations into Laxmi India Finance in 2011, enhancing both organizations’ capabilities and expertise.

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