Laxmi India Finance Limited has informed the exchange regarding the Monitoring Agency Report.
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CARE Ratings Limited, the monitoring agency, has submitted its report on the utilization of Rs. 165.17 crore raised through Laxmi India Finance's IPO (July 2025). The IPO comprised a fresh issue of Rs. 165.17 crore and an offer for sale of Rs. 89.09 crore, totaling Rs. 254.26 crore. Of the fresh issue proceeds, Rs. 151.59 crore was allocated for augmenting capital base for onward lending and Rs. 13.58 crore for share issue expenses. As of March 31, 2026, the capital augmentation fund is fully utilized (completed by December 2025, ahead of the March 2026 deadline), and Rs. 12.53 crore of issue expenses have been incurred, leaving Rs. 1.05 crore unutilized in the monitoring account. No deviations from the disclosed objects or delays were observed.
This is a routine compliance filing showing proper utilization of IPO funds as promised. The ahead-of-schedule completion of the main capital augmentation objective is a positive indicator, suggesting the NBFC is on track with its lending growth plans. The remaining Rs. 1.05 crore for issue expenses is expected to be utilized in future quarters.