New Delhi, July 29 -- Laxmi India Finance initial public offering (IPO) is all set to open for subscription on July 29 and close on July 31. The Rs.254.26-crore IPO comprises a fresh issue of 1.84 crore equity shares along with an offer-for-sale of 56.38 lakh shares by the promoters.

Ahead of the IPO launch, Laxmi India Finance Ltd raised over Rs.75 crore from anchor investors on Monday by allotting 47.79 lakh equity shares at Rs.158 each to 11 institutional funds.

Key participants in the anchor round included institutional investors such as Saint Capital Fund, BNP Paribas Financial Markets - ODI, Compact Structure Fund, Cognizant Capital Dynamic Opportunities Fund, India Max Investment Fund, Holani Venture Capital Fund-I, and Rajasthan...