Laxmi India Finance IPO GMP History
Laxmi India Finance IPO has been listed on August 5, 2025 at a listing price of ₹137.52, against the issue price of ₹158 — a loss of ₹20.48 (-12.96%). The GMP peaked at ₹17 on 24 July 2025 and reached a low of ₹1 on 31 July 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Laxmi India Finance IPO raised ₹254.26 Cr. through its IPO at a price band of ₹150 to ₹158 per share, with a lot size of 94 shares. The IPO was open for subscription from 29 Jul 2025 to 31 Jul 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 01 Aug 2025 | ₹ 2 | ▲ | 1% | — | — |
| 31 Jul 2025 | ₹ 1 | ▼ | 1% | — | — |
| 30 Jul 2025 | ₹ 4 | ▼ | 3% | — | — |
| 29 Jul 2025 | ₹ 7 | ▼ | 4% | — | — |
| 28 Jul 2025 | ₹ 11 | ▼ | 7% | — | — |
| 27 Jul 2025 | ₹ 13 | ▼ | 8% | — | — |
| 26 Jul 2025 | ₹ 15 | ▼ | 9% | — | — |
| 24 Jul 2025 | ₹ 17 | ▲ | 11% | — | — |
| 23 Jul 2025 | ₹ 16 | — | 10% | — | — |
Laxmi India Finance IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 29 Jul 2025
- Close 31 Jul 2025
- Allotment 01 Aug 2025
- Refund/credit 04 Aug 2025
- Listing 05 Aug 2025
Laxmi India Finance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹158 |
|---|---|
| GMP-based estimate (pre-listing) | ₹160 (+1.3%) |
| Listing gain / loss | −₹20.48 per share |
| Listing date | 05 Aug, 2025 |
| Actual listing price | ₹137.52 (-12.96%) |
Is Laxmi India Finance IPO GMP reliable?
Grey market premium for Laxmi India Finance IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Laxmi India Finance IPO full review for a fundamentals-based assessment before making any grey market trades.
Laxmi India Finance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Laxmi India Finance IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Laxmi India Finance IPO
Laxmi India Finance Limited was incorporated in 1996. It is a non-deposit taking NBFC in the Middle Layer category. It offers MSME loans, vehicle loans, construction loans and other lending products.
On 31 March 2025 it had 158 branches in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Assets under management stood at Rs 1,277.02 crore, with MSME loans at 76.34% and vehicle loans at 16.12%.
The customer base was 35,568 on that date, including 18,596 active MSME customers and 12,423 active vehicle loan customers.
The IPO was Rs 254.26 crore, with Rs 165.17 crore of fresh issue and Rs 89.09 crore of offer for sale. Rs 151.59 crore was planned for raising the capital base.
Frequently asked
What is the GMP of Laxmi India Finance IPO?
The current Grey Market Premium (GMP) of Laxmi India Finance IPO is ₹ 2.
What is the Kostak Price of Laxmi India Finance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Laxmi India Finance IPO is not available.
What is the Subject to Sauda Price of Laxmi India Finance IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Laxmi India Finance IPO?
Laxmi India Finance IPO listed on August 5, 2025 at ₹137.52, against the issue price of ₹158 — a loss of -12.96%.
How did the GMP of Laxmi India Finance IPO trend before listing?
The GMP of Laxmi India Finance IPO was rising in its final days before listing. The GMP peaked at ₹17 on 24 July 2025. View the day-wise table above for the complete GMP history.
Explore Laxmi India Finance IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
