Comparison between Aye Finance IPO and Laxmi India Finance IPO.
Aye Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Laxmi India Finance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Aye Finance IPO is up to ₹1,010.00 Cr whereas the issue size of the Laxmi India Finance IPO is up to ₹254.26 Cr. The final issue price of Aye Finance IPO is ₹129.00 per share and of Laxmi India Finance IPO is ₹158.00 per share.
| Aye Finance IPO | Laxmi India Finance IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹122.00 per share | ₹150.00 per share |
| Issue Price (Upper) | ₹129.00 per share | ₹158.00 per share |
| Issue Price (Final) | ₹129.00 per share | ₹158.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 116 shares | 94 shares |
| Fresh Issue Size | 5,50,38,759 shares | 1,04,53,575 shares |
| Fresh Issue Size (Amount) | up to ₹710.00 Cr | up to ₹165.17 Cr |
| OFS Issue Size | 2,32,55,812 shares | 56,38,620 shares |
| OFS Issue Size (Amount) | up to ₹300.00 Cr | up to ₹89.09 Cr |
| Issue Size Total | 7,82,94,571 shares | 1,60,92,195 shares |
| Issue Size Total (Amount) | up to ₹1,010.00 Cr | up to ₹254.26 Cr |
Aye Finance IPO opens on Feb 09, 2026, while Laxmi India Finance IPO opens on Jul 29, 2025. The closing date of Aye Finance IPO and Laxmi India Finance IPO is Feb 11, 2026, and Jul 31, 2025, respectively.
| Aye Finance IPO | Laxmi India Finance IPO | |
|---|---|---|
| Anchor Bid Date | Feb 06, 2026 | Jul 28, 2025 |
| Issue Open | Feb 09, 2026 | Jul 29, 2025 |
| Issue Close | Feb 11, 2026 | Jul 31, 2025 |
| Basis Of Allotment (Tentative) | Feb 12, 2026 | Aug 01, 2025 |
| Initiation of Refunds (Tentative) | Feb 13, 2026 | Aug 04, 2025 |
| Credit of Share (Tentative) | Feb 13, 2026 | Aug 04, 2025 |
| Listing date (Tentative) | Feb 16, 2026 | Aug 05, 2025 |
| Anchor Lockin End date 1 | Mar 13, 2026 | Aug 30, 2025 |
| Anchor Lockin End date 2 | May 12, 2026 | Oct 29, 2025 |
Aye Finance IPO P/E ratio is 14.11, as compared to Laxmi India Finance IPO P/E ratio of 18.35.
| Aye Finance IPO | Laxmi India Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated)Laxmi India Finance Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 89.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.11 | 18.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3183.52 Cr. | ₹825.83 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 12.12% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.73 | 4.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.14 | ₹8.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.12% | 13.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aye Finance IPO Retail Individual Investors (RII) are offered 78,29,456 shares while in Laxmi India Finance IPO retail investors are offered 78,29,456 shares. Qualified Institutional Buyers (QIB) are offered 2,34,88,372 shares in Aye Finance IPO and 31,86,253 shares in Laxmi India Finance IPO.
| Aye Finance IPO | Laxmi India Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | 3,52,32,558 shares | 47,79,379 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 2,34,88,372 shares | 31,86,253 shares |
| NII | 1,17,44,185 shares | 23,89,691 shares |
| RII | 78,29,456 shares | 55,75,944 shares |
| Employee | 0 shares | 1,60,928 shares |
| Others | ||
| Total | 7,82,94,571 shares | 1,60,92,195 shares |
Aye Finance IPO subscribed 1.04x in total, whereas Laxmi India Finance IPO subscribed 1.86x.
| Aye Finance IPO | Laxmi India Finance IPO | |
|---|---|---|
| QIB (times) | 1.62x | 1.30x |
| NII (times) | 0.05x | 1.83x |
| Big NII (times) | 0.02x | 1.82x |
| Small NII (times) | 0.11x | 1.87x |
| RII (times) | 0.81x | 2.20x |
| Employee (times) | 1.54x | |
| Other (times) | ||
| Total (times) | 1.04x | 1.86x |
