Laxmi India Finance IPO allotment status to be out today: Here’s how to check it

The allotment status for Laxmi India Finance’s Rs 254-crore IPO is expected to be finalized today after the issue received a decent overall subscription of 1.86 times.

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.

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