Laxmi India Finance IPO
Laxmi India Finance Limited (LAXMIINDIA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 August 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.0% (likely range -12% to +5%), day's high +3.3%, chance of a gain 33%. Actual: -13.0% at the open, -7.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 31,86,253 | 41,36,940 | 1.30x | |
| NII (HNI) total | 23,89,691 | 44,02,678 | 1.84x | |
| Big NII (above ₹10 lakh) | 15,93,128 | 28,94,354 | 1.82x | |
| Small NII (₹2-10 lakh) | 7,96,563 | 15,08,324 | 1.89x | |
| Retail | 55,75,944 | 1,23,74,630 | 2.22x | |
| Employees | 1,60,928 | 2,52,296 | 1.57x | |
| Total | 1,13,12,816 | 2,11,66,544 | 1.87x |
Bids on NSE and BSE together, as published by NSE, as of 31 Jul 2025, 07:00 PM. Shares offered exclude the anchor portion. 49% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Laxmi India Finance's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Quality Power Electrical EquipmentsFeb 2025 | 1.03x | 1.45x | 1.83x | 1.29x | ₹859 Cr | +1.2% | +1.4% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| PL Capital Markets | 4 | +12.5% | 75% |
Offer documents (NSE)
Frequently asked
What is the Laxmi India Finance IPO price band and lot size? ₹150–158 per share, with a lot of 94 shares, so the smallest retail bid is ₹14,852.
How many times has it been subscribed? 1.87x overall: QIB 1.30x, NII 1.84x, retail 2.22x, employees 1.57x.
How did it list? It opened at ₹138, -13.0% against the issue price of ₹158, and closed its first day -15.1%.
