Laxmi India Finance IPO Allotment Today: Here’s How to Check Status, GMP, and Listing Details

The allotment status for the Laxmi India Finance IPO is expected to be announced today, August 1, 2025. The IPO, which was open for bidding between July 29 and July 31, aimed to raise Rs 254.26 crore and saw moderate investor interest. With the issue now closed, investors are eagerly awaiting the share allotment results.

How to Check IPO Allotment Status?

Investors can check their allotment status in three ways:

1. BSE Website

• Visit: BSE IPO Allotment Page
• Select 'Equity' under Issue Type
• Choose 'Laxmi India Finance Ltd' from the dropdown
• Enter your Application Number or PAN
• Verify the captcha and click Search

2. NSE Website

• Visit: NSE Allotment Status Page
• Choose 'Equity and SME IPO bids'
• Select 'Laxmi India Finance Limited'
• Enter your PAN and Application Number
• Click Submit

3. MUFG Intime (Registrar's Portal)

• Visit: MUFG IPO Status Page
• Select 'Laxmi India Finance Limited'
• Choose your PAN, Application Number, DP ID, or Client Account Number
• Enter the details and click Search

Grey Market Premium (GMP)

Currently, the grey market premium (GMP) for Laxmi India Finance shares is around Rs 1.5 per share, indicating a likely listing price of Rs 159.5, just 0.95% above the issue price of Rs 158. Earlier, the GMP was as high as Rs 15 but has declined due to a weak market environment and muted IPO response.

IPO Details

Laxmi India Finance, a non-banking financial company (NBFC), offered its shares at a price band of Rs 150-Rs 158 per share, with a minimum lot size of 94 shares. The IPO consisted of a fresh issue of Rs 165.17 crore and an offer for sale (OFS) of Rs 89.09 crore.

The company plans to list its shares on both the BSE and NSE on Tuesday, August 5, 2025.

Successful bidders will receive their shares in their demat accounts by August 4, and refunds to unsuccessful applicants will be processed on the same day.

The book-running lead manager for the IPO is PL Capital Markets, and the registrar is MUFG Intime India (formerly Link Intime), responsible for processing applications, share allotment, refunds, and handling investor queries.

The company plans to use Rs 143 crore from the IPO to increase its capital base and support future lending needs.

Laxmi India Finance IPO Subscription Details:

The IPO received bids for 2.11 crore shares against the 1.13 crore on offer, resulting in a subscription of 1.87 times. Retail investors led the way, subscribing 2.22 times their portion, while non-institutional investors (NII) subscribed 1.84 times. Employees subscribed 1.57 times. The qualified institutional buyer (QIB) category saw lower interest at 1.30 times, according to NSE data.

About the Company

Founded in 1996, Laxmi India Finance offers a range of financial products including MSME loans, vehicle loans, and construction loans, mainly supporting small businesses and entrepreneurs. More than 80% of its MSME loans fall under the priority sector lending category.

The company primarily serves customers in underserved markets, using a hub-and-branch model to keep costs low and expand outreach.