The mainboard IPO remained open for subscription from July 29 to July 31.
The retail quota of the IPO was booked 2.22 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 1.84 times. The Qualified Institutional Buyers’ (QIBs) category was booked 1.3 times.The IPO was a combination of a fresh issue component of 1.04 crore shares, amounting to ₹165.17 crore, along with an offer-for-sale (OFS) portion of 56.38 lakh shares, aggregating up to ₹89.09 crore. The IPO price band was fixed at ₹150 to ₹158 per share.
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The company plans to utilise the net proceeds of the IPO to augment the capital base for meeting the future capital requirements towards onward lending of ₹177 crore.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India (earlier Link Intime).
Steps to check Laxmi India Finance IPO share allotment on BSE:
· Visit the IPO allotment page on BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘Equity’ as the issue type
· Choose Laxmi India Finance Ltd from the dropdown menu for issue names
· Enter your application number or PAN to proceed· Click on Search to view your share allotment details
Steps to check Laxmi India Finance IPO allotment on MUFG Intime India:
· Visit the official website of the issue registrar, MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
· From the dropdown menu, select ‘Laxmi India Finance Ltd’ from the list of companies
· Select any one of the PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status
· Enter the details as per your selection
· Click on ‘Submit’ to check the allotment status
Investors can also check the IPO allotment status on the NSE website using their PAN and application number.
Shares of the Laxmi India Finance are expected to be credited to the Demat accounts of successful bidders on Monday, August 4. The company will initiate refunds for non-allottees on the same day.
Laxmi India Finance shares are scheduled to be listed on the NSE and BSE on Tuesday, August 5.
Laxmi India Finance is a non-deposit-taking NBFC focused on providing tailored financial solutions to underserved customer segments across India.
The NBFC has 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Laxmi India Finance has the highest number of branches amongst its peers (MAS Financial Services, Five Star Business Finance, SBFC Finance and Ugro Capital) in Rajasthan. It primarily provides MSME, vehicle and construction loans.
