Laxmi India Finance Share: The company's balance sheet was continuously improving, but the shares were listed at a 14% discount:

News Topical, Digital Desk : Laxmi India Finance IPO Listing: The IPO of non-banking financial company (NBFC) Laxmi India Finance has been listed in the stock market today i.e. on August 5. This public offer received a decent subscription. The price band was kept from Rs 150 to Rs 158 per share. Now the shares have been listed at a discount of 14 percent. The company's shares started at Rs 137.52 on NSE. While the company's shares (Laxmi India Finance Share Price) started at Rs 136 on BSE.

Continuous improvement in balance sheet

Laxmi India Finance IPO opened on 29 July and closed on 31 July. It has 158 branches across the country and the company's balance sheet has also improved steadily. Investors could bid for at least 94 shares. The issue was a combination of 1.05 crore new shares with a total of Rs 165.17 crore and 0.56 crore shares with an offer-for-sale of Rs 89.09 crore.

What does it do (Laxmi India Finance Business) Laxmi India Finance is a non-deposit taking NBFC, which provides business services in rural, semi-urban and urban areas of India. The company has 158 branches from Rajasthan and Gujarat to Madhya Pradesh, Chhattisgarh and Uttar Pradesh. In Rajasthan, the number of branches of Laxmi India Finance is the highest among its counterpart NBFCs. The company mainly provides MSME, vehicle and construction loans.