18/12/2024, 4:23:03 pm

NBFC Laxmi India Finance files draft papers to raise funds via IPO

Laxmi India Finance, the non-deposit taking NBFC, has filed preliminary papers with the capital markets regulator SEBI to raise funds via initial public offering of 1.6 crore equity shares. The IPO comprises a fresh issue of 1.04 crore equity shares, and an offer-for-sale of 56.38 lakh shares by promoters. Deepak Baid family owns 89.05 percent stake in the company.