Laxmi India Finance’s much-awaited IPO has got off to a flying start with a super successful Laxmi India IPO Anchor Round that raised INR 75.51 cr from institutional investors. The Laxmi India IPO Anchor Round saw both domestic and global players participating, showing tremendous market confidence just before the IPO opens.
Laxmi India IPO Anchor Round: Key Points
The Laxmi India IPO Anchor Round saw 47,79,379 shares allocated at INR 158 per share. Among the 11 anchor investors, Mukul Agarwal’s Sanshi Fund I was the highest bidder, invested INR 20 cr, and got 26.49% of the anchor allocation. Other biggies like Saint Capital Fund, BNP Paribas Financial Markets, and India Max Investment Fund participated, showing broad-based interest in the Laxmi India IPO Anchor Round.
Interestingly, despite strong institutional demand, no domestic mutual funds participated in the Laxmi India IPO Anchor Round, which is a departure from many recent big-ticket IPOs. Industry experts feel this could be a sign of changing investor preference in India’s NBFC space.
Laxmi India IPO Structure and Purpose
After the Laxmi India IPO Anchor Round, the IPO is looking to raise INR 254.26 cr through fresh issue (1.05 cr shares) and offer for sale (56.39 lac shares by promoters) at a price band of INR 150- INR 158 per share. The funds will be used to strengthen the company’s capital base, support future lending and general corporate purposes.
Laxmi India Finance’s growth is another reason why the Laxmi India IPO Anchor Round and the public issue are attracting attention. The company has grown 36% CAGR in AUM from INR 687 cr in March 2023 to INR 1277 cr in March 2025. FY 25 revenue grew 42% to INR 246 cr and net profit grew 60% to INR 36 cr. With 158 branches, the NBFC is now one of the largest in Rajasthan and is expanding in western and north-central India.
What’s Next for Investors?
Laxmi India IPO Anchor Round is a huge success, now the issue will open for subscription from 29th July 2025 to 31st July 2025. Allotment will be finalised on 1st August 2025 and listing on 5th August 2025. PL Capital Markets is the sole book-running lead manager.
In short, Laxmi India IPO Anchor Round is a thumbs-up from investors for the company’s future. As the main public issue opens up, the response in the Laxmi India IPO Anchor Round is good for a strong listing. Institutional confidence, growing business and disciplined capital deployment are the three pillars of expectations as Laxmi India Finance enters into a new phase of growth.
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