Keep money ready! From July 29, this NBFC will get an investment opportunity in IPO, price band Rs 150-158
If you iPO If you are an investor then there is a chance for you. 29 July Laxmi India Finance Limited, which is an NBFC, is opening an IPO. The company is preparing to raise Rs 254 crore from the IPO. The company on Wednesday fixed Rs 150-158 per share band for its IPO. The company said that the IPO will openly close on July 29. The Jaipur -based company’s IPO is a combination of 1.84 crore equity shares and a combination of 56.38 lakh shares by promoters. Overall, the size of the IPO at the upper level of the price range is estimated at Rs 254.26 crore.
Where will the company use IPO money?
The company reported that the amount received from the sale of new shares will be used to strengthen the capital base, so that future capital needs can be met for debt and general company functioning. Non-Zama NBFC Laxmi India Finance provides MSMEs (micro, small and medium enterprises) loans, vehicle loans, construction loans and various products portfolio including other loan solutions. By March 2025, the company’s managing assets (AUMs) increased to Rs 1,277 crore from an annual growth of 36 percent (CAGR) to Rs 1,277 crore, which was Rs 687 crore in March 2023. By March 2025, the company’s operational network extends to 158 branches in rural, semi-urban and urban areas of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh.
30 times the floor price face value
Laxmi India’s IPO is 30 times the face value of equity shares of the company’s equity shares and the cap price is 31.60 times the face value. Laxmi India Finance IPO has a lot size of 94 equity shares and then can be applied to multiples of 94. Laxmi India Finance IPO is reserved for maximum 50% of the total shares for eligible institutional buyers (QIB), 15% for non-institutional investors (NII) and 35% are reserved for retail investors. A maximum of 1,60,928 equity shares have been reserved for employees. The GMP of Lakshmi IPO is ₹ 0 today. However, it is currently a long time to open an IPO. Therefore, in the coming days, the gray market price of this IPO will come. So it would be right to wait now.
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