New Delhi, July 25 -- Non Banking Financial Company (NBFC), Laxmi India Finance Ltd will launch its initial public offering (IPO) next week to raise funds from the primary market. Laxmi India Finance IPO is a mainboard IPO which will be listed on both the stock exchanges - BSE and NSE.

Laxmi India Finance IPO will open for public subscription on Tuesday, July 29, and close on Thursday, July 31. The IPO allotment date would likely be August 1, and the Laxmi India Finance IPO listing date is expected to be August 5.

The company aims to raise Rs.254.26 crore at the upper-end of the Laxmi India Finance IPO price band of Rs.150 to Rs.158 per share. The book-building issue comprises a fresh issue of 1.05 crore equity shares worth Rs.165.17 cr...