Laxmi India Finance shares made a weak stock market debut on August 5, following a 1.85 times subscription in the primary market.
Shares of NBFC player Laxmi India Finance Ltd got at Rs 137.52 per share on the NSE, a discount of 12.96 percent from it's issue price of Rs 158 apiece. The issue had a price band of Rs 150-158 per share.
On the BSE, the shares of the company were listed at Rs 136 per share, a discount of 13.92 percent. The total market capitalization post listing of the shares stood at Rs 710.84 crore.
The Jaipur-based company aims to use the proceeds from the fresh issue to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes.
Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers.
Its operational network spans across 158 branches in rural, semi-urban, and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh as of March 2025.
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