New Delhi, Aug. 5 -- Laxmi India Finance IPO listing: Shares of Laxmi India Finance were off to a poor start on Tuesday, August 5, as they listed at a discount on BSE and the National Stock Exchange (NSE). Laxmi India Finance share price listed at Rs.136 on the BSE, a discount of 13.92% to its initial public offer (IPO) price of Rs.158. Meanwhile, on the NSE, Laxmi India Finance stock debuted at Rs.137.52, down 12.96%.

The listing price for Laxmi India Finance IPO was much below market expectations, as the latest grey market premium (GMP) signalled a flat start. Ahead of its debut today, Laxmi India Finance IPO GMP was nil, below Rs.3 it was commanding a day ago.

The Rs.254 crore IPO of Laxmi India Finance had seen a tepid response, gar...