Laxmi India Finance IPO allotment: Steps to check status online on NSE, BSE, MUFG Intime India

Laxmi India Finance IPO allotment: The basis of allotment of Laxmi India Finance Ltd is likely to be finalised on Friday, August 1. The details will be available on the websites of registrar MUFG Intime India, the NSE, and the BSE.

The initial public offering was subscribed 1.87 times during the three-day bidding period. It received applications for 2,11,66,544 shares as against 1,13,12,816 shares on offer.

The retail individual investors' quota got subscribed 2.22 times, while the part for non-institutional investors received 1.84 times subscription. The qualified institutional buyers (QIBs) portion got subscribed 1.30 times.

The Jaipur-based company's ₹254.26 crore IPO consisted of a fresh issue of shares valued at ₹165.17 crore and an offer for sale of ₹89.09 crore by promoters.

The price band was fixed at ₹150 to ₹158 per share, and a lot consisted of 94 shares.

The money raised will be used to augment the company's capital base to meet future capital needs for onwards lending and general corporate purposes.

Laxmi India Finance is an NBFC engaged in providing services such as MSME (micro, small, and medium enterprises) loans, construction loans, vehicle loans, and other lending solutions to customers.

Laxmi India Finance IPO allotment status online on NSE: How to check

• Head to the bid finalisation link of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose 'Equity & SME IPO bid details'
• From the dropdown IPO names list, pick 'Laxmi India Finance' with the 'LAXMIINDIA' symbol
• Enter PAN card and application number
• Submit the details

Steps to check Laxmi India Finance IPO allotment status online on BSE

• Visit BSE's IPO allotment portal at https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• Select 'Laxmi India Finance' from IPO names
• Mention IPO application number or PAN details
• Click on 'Search'

Laxmi India Finance IPO allotment status online on MUFG Intime India; step-by-step guide

• Visit the allotment page of MUFG Intime India (formerly Link Intime): https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick 'Laxmi India Finance Ltd' from IPO names
• Enter either your DP/Client ID, PAN, application no, or account no/IFSC
• Click on the 'Submit' button

When will Laxmi India Finance IPO shares be listed?

Shares of Laxmi India Finance will debut on the National Stock Exchange (NSE) and the BSE on Tuesday, August 5.

Laxmi India Finance IPO GMP