The celebration of the Diwali festival ends on the occasion of Labh Panchami. According to the Hindu calendar, the eve is observed on the fifth day (Panchami) of the Kartik month in the Shukla Paksha. Additionally, the day is known as “Lakheni Panchami,” “Gyan Panchami,” “Saubhagya Panchami,” or “Labh Pancham.”

The most well-known festival in Gujarat is Labh Pancham 2023. Gujarati people worship and pray to Lord Ganesha and Goddess Lakshmi for great wealth and prosperity as part of their festival celebrations. People open their businesses and stores on the eve of Labh Panchami. It is recognised as the first day of the Gujarati New Year in the regions of Gujarat.