Laxmi India Finance Ltd - IPO

Laxmi India Finance Ltd IPO Details

Initial public offer of 16,092,195 equity shares of face value of Rs. 5 each (Equity Shares) of Laxmi India Finance Limited (Company ) for cash at a price of Rs. 158 per equity share (including a share premium of Rs. 153 per equity share) (the Offer Price) aggregating to Rs. 254.26 crores (the Offer) comprising a fresh issue of 10,453,575 equity shares of face value of Rs. 5 each aggregating to Rs. 165.17 crores by the company (the Fresh Issue) and an offer for sale of 5,638,620 equity shares aggregating to Rs. 89.09 crores (the Offer for Sale) by the selling shareholders, consisting of 3,084,952 equity shares aggregating to Rs. 48.74 crores by Deepak Baid, 913,070 equity shares of face value of Rs. 5 each aggregating to Rs. 14.43 crores by Prem Devi Baid, 1,261,902 equity shares of face value of Rs. 5 each aggregating to Rs. 19.94 crores by Aneesha Baid, 180,000 equity shares of face value of Rs. 5 each aggregating to Rs. 2.84 crores by Deepak Hitech Motors Private Limited, 90,000 equity shares of face value of Rs. 5 each aggregating to Rs. 1.42 crores by Prem Dealers Private Limited, 54,348 equity shares of face value of Rs. 5 each aggregating to Rs.0.86 crores by Preeti Chopra and 54,348 equity shares of face value of Rs. 5 each aggregating to Rs.0.86 crores by Rashmi Giria (collectively referred to as the Selling Shareholders and such equity shares offered by the selling shareholders, Offered Shares). The offer constitutes 30.79% of the post-offer paid-up equity share capital of the company. The offer included a reservation of 160,928 equity shares of face value of Rs. 5 each, aggregating to Rs.2.54 crores (constituting to 0.31% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 30.79% and 30.48%, respectively, of the post-offer paid-up equity share capital of the company.

Objective of issue

Augmentation of our capital base to meet our future capital requirements towards onward lending.

Laxmi India Finance Ltd Contact Details

Laxmi India Finance Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@lifc.in

Website - www.lifc.co.in