IPO Advisory
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Banking and Finance
Sub Sector: NBFC
Laxmi India Finance is a non-deposit taking non-banking financial company focused on serving the financial needs of underserved customers in India’s lending market. As on September 30, 2024, the operational network spans across 139 branches in rural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh and Chhattisgarh. Laxmi Finance has the widest reach in Rajasthan in terms of being the company with highest number of branches amongst its peers for the period ending FY24(Source: CARE Report).The product portfolio includes MSME loans, vehicle loans, construction loans and other lending products catering to the diverse financial needs of ther customers. Their MSME lending fuels economic growth and promotes financial inclusion by supporting small businesses and entrepreneurs, with over 80% of theirMSME loans qualifying as Priority Sector Lending under RBI guidelines.Building on a legacy that began in early 1990s with Deepak Finance & Leasing Company (a proprietorship concern founded by their Promoter’s father) (DFL), Their Promoter acquired the shares and control of the Company in 2010. Subsequently, in 2011, the Company consolidated the business by acquiring and integrating the business and operations of DFL, leveraging the expertise and strengths of both entities.As of June 30, 2024, their assets under management (AUM) stood at ₹10,355.35 million with the MSME and vehicleloan verticals contributing 75.49% and 17.46%, respectively.
Link Intime India Private Limited
Laxmi India Finance operates in Banking and Finance and NBFC. The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Laxmi India Finance is Book Building Process and Object of issue is
Merchant Banker of Laxmi India Finance IPO is PL Capital Markets Private Limited
The DRHP (Draft Red Herring Prospectus) of Laxmi India Finance IPO was filed on 15 Dec 2024.
No, Laxmi India Finance IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Laxmi India Finance are not available now. You can apply in Laxmi India Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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