Laxmi India Finance files DRHP with Sebi for Rs 500 crore IPO
IPO).
The IPO comprises a fresh issue of 1.04 crore equity shares, and an offer for sale (OFS) of 56.38 lakh shares by promoters, the DRHP filing showed.
The offer for sale encompasses shareholders who would sell shares, including up to 30.84 lakh shares by Deepak Baid, up to 9.13 lakh shares by Prem Devi Baid, up to 12.61 lakh shares by Aneesha Baid, up to 1.80 lakh shares by Deepak Hitech Motors, up to 90,000 shares by Prem Dealers Private, as well as up to 54,348 shares each by Preeti Chopra and Rashmi Giria.
As of June 30, Laxmi India Finance reported an AUM of Rs 1,035.53 crore, with MSME loans and vehicle loans making up 75.49% and 17.46% of the total, respectively.
The non-banking financial firm provides MSME, vehicle, construction loans and other lending products through a network of 139 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh and Chhattisgarh, with Rajasthan contributing the most with the highest number of branches amongst its peers.
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