New Delhi, July 31 -- Laxmi India Finance launched its initial public offering (IPO) for subscription on Tuesday, July 29. The non-banking financial company (NBFC), known for its focus on MSME and vehicle loans, has set the price band for the IPO at Rs.150 to Rs.158 per equity share.

Retail investors can bid for a minimum of 94 equity shares and in multiples thereafter. The IPO window will remain open until Thursday, July 31, allowing investors three days to participate in the offering.

On Day 3 of the IPO, as of 10:20 am, the issue was subscribed 0.97 times, receiving bids for 1.09 crore shares against 1.13 crore shares on offer. The retail investor portion was booked 1.39 times, while the non-institutional investor (NII) segment saw 0...