The Loktantrik Samajwadi Party, Nepal (Nepali: लोकतान्त्रिक समाजवादी पार्टी, lit. 'Democratic Socialist Party'), is the sixth largest political party in Nepal. The party was officially registered at Election Commission, Nepal on 18 August 2021. Mahantha Thakur is the president of the new party. The party was formed after split in PSP-N to join KP Oli led government. Currently, the party stands as the fourth largest party of Madhesh province after Nepali Congress, and Janata Samajbadi respectively.