Laxmi India Finance IPO subscribed 0.37x on Day 1; retail shows higher participation

Laxmi India Finance's IPO received a lackluster response on Day 1, with bids for 42.40 lakh shares against an offer of 1.13 crore shares, leading to a 0.37 subscription rate. Retail investors subscribed 0.61 times, while NII and QIB portions were at 0.19 and 0.10 times, respectively.

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