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• Laxmi India Finance shares debuted at a 13% discount to the IPO price on NSE and BSE.
• The IPO was modestly subscribed at 1.85 times, reflecting cautious investor sentiment.
• Proceeds will be used to strengthen the capital base and support future lending operations.

Laxmi India Finance Ltd made a subdued debut on the stock exchanges on August 5, with shares listing at a discount of nearly 13% to the IPO price. On the NSE, the stock opened at Rs 137.52, reflecting a 12.96% drop from the issue price of Rs 158. On the BSE, it listed even lower at Rs 136, marking a 13.92% discount.

The IPO had seen a modest subscription of 1.85 times, and the weak listing reflects cautious investor sentiment. The public issue was priced in the range of Rs 150 - Rs 158 per share.

Post listing, the company's market capitalization stood at Rs 710.84 crore.

Headquartered in Jaipur, Laxmi India Finance is a non-deposit-taking non-banking financial company (NBFC). It plans to utilize the IPO proceeds to strengthen its capital base, support future lending activities, and meet general corporate requirements.

The company offers a diversified portfolio of financial products, including MSME loans, vehicle loans, construction loans, and other lending solutions.

Also Read: The Increasing Relevance of NBFCs in Today's Digital Age

As of March 2025, Laxmi India Finance operates through 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, catering to rural, semi-urban, and urban markets.