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The IPO saw maximum participation from retail investors, who subscribed 2.20 times their reserved quota, while NIIs and QIBs subscribed 1.83x and 1.30x respectively. The stock is expected to list on August 5 on BSE and NSE.
Despite the healthy demand, there’s no buzz in the grey market, with the GMP at Rs 0, indicating a flat listing, at least as of now.
How to check Laxmi India Finance IPO allotment status
Investors who applied for the IPO can check their allotment status through the registrar, MUFG Intime India (formerly Link Intime).
Steps to check on the registrar’s website:
Visit https://www.linkintime.co.in
Click on “IPO Allotment Status”
Select “Laxmi India Finance Ltd” from the dropdown
Enter your PAN, Application Number, or DP/Client ID
Alternatively, check on BSE website:
Go to https://www.bseindia.com/investors/appli_check.aspx
Select “Equity” and then “Laxmi India Finance Ltd” from the list
Enter your application number and PAN
Click “Search” to view status
IPO details
The IPO comprised a fresh issue of 1.05 crore shares aggregating to Rs 165.17 crore and an offer for sale of 0.56 crore shares worth Rs 89.09 crore.
The company plans to use the proceeds from the fresh issue to augment its capital base and support future lending growth. Laxmi India Finance, a Rajasthan-based NBFC, focuses on MSME loans, vehicle financing, and construction lending.
The company’s financials show steady growth with FY25 profit rising 60% YoY to Rs 36 crore, and revenue jumping 42% to Rs 248 crore.
With allotments underway and GMP stagnant, investors will now watch for cues ahead of listing to gauge market sentiment on debut.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
