Labh Pancham is the extended celebration of the festival of Diwali. Labh Pancham is mainly celebrated in Gujarat and Rajasthan. It is celebrated five days after the Diwali Day.
Labh Pancham is observed on the fifth day during the waxing phase of moon (Shukla Paksha) in Kartik Month as per traditional Gujarti Calendar.
It is also known as ‘Laakheni Panchmi’ and ‘Saubhaagya Panchmi’.
Pancham (meaning fith day) is an auspicious day to commence business. Jains celebrate Pancham or Panchami by worshiping their books and praying for more knowledge. Hindu business men worship Goddess Lakshmi and open their accounts.
Those who have not performed Sharda Pujan (Chopda Pujan) on Diwali, perform pujan of their new ledgers on this day and ritually open their shops and businesses.
In 2016, Labh Pancham will be celebrated on 5th November 2016.
Muhurat for Labh Pancham 2016 :
Labh Panchami Puja Muhurat = 06:44 hrs to 10:29 hrs IST.