Laxmi India Finance is a solid company. It focuses on Rajasthan. Its assets and profits grew well recently. The company is launching an IPO. It plans to raise INR 2542.6 million. This IPO includes new shares and promoter sales.
IPO Details: Total Offer: Up to 16,092,195 shares. This totals INR 2,542.6 million. New Shares: Up to 10,453,575 shares. This totals INR 1651.7 million. Sale Shares: Up to 5,638,620 shares. This totals INR 890.9 million. Selling Shareholders: Deepak Baid: Up to 3,084,952 shares. Prem Devi Baid: Up to 913,070 shares. Aneesha Baid: Up to 1,261,902 shares. Deepak Hitech Motors: Up to 180,000 shares. Prem Dealers: Up to 90,000 shares. Preeti Chopra: Up to 54,348 shares. Rashmi Giria: Up to 54,348 shares. Price Range: Rs. 150 to Rs. 158 per share. Lead Managers: PL Capital Markets Private Limited. MUFG Intime India Private Limited. IPO Goal: The money from new shares will boost the company’s finances. This will help fund future lending needs.
NBFC Industry Overview: Non-banking finance companies (NBFCs) are vital in India. They help people without bank access. NBFCs offer loans and credit. They usually do not take deposits like banks. The sector has grown a lot. Demand for finance is high. Government support and tech help growth.
Key Industry Areas: Retail Finance: NBFCs serve individual needs. This includes personal loans and credit cards. They help those banks do not serve well. Microfinance: This area offers small loans. It helps poor people and small businesses. Microfinance helps financial inclusion. Commercial Finance: This provides business loans. It helps companies with working capital. It aids business growth and modernization. Infrastructure Finance: This funds projects like roads. It supports renewable energy. These NBFCs aid India’s infrastructure growth. Housing Finance: This area supports home buying. It helps with construction and renovation. It also funds builders.
Industry Size and Growth: India’s credit market is growing. Total credit, including banks and NBFCs, reached INR 236 trillion.