Laxmi India Finance, a non-banking financial company (NBFC) known for its focus on vehicle and MSME loans in semi-urban and rural India, is gearing up for its initial public offering (IPO) slated to open on July 29. The company aims to raise Rs. 254 crore through the public issue, with the funds earmarked for expanding its loan book, improving capital adequacy, and strengthening operational infrastructure. Positioned within a sector undergoing formalization and digital transition, the IPO will test investor appetite for smaller NBFCs operating outside India’s metropolitan hubs.