Likhitha Infrastructure lists at a premium of 8.4% on debut
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New Delhi, Oct. 15 -- Shares of Likhitha Infrastructure Ltd made a firm debut on bourses on Thursday. They listed at Rs130 per share on the BSE, an 8.41% premium against the issue price of Rs120 per share.
At 10.45 am, Likhitha Infrastructure was trading at Rs136.60, up 13.83% from its issue price, while the benchmark index, Sensex, fell 0.42% to 40625.25.
The issue was subscribed 9.51 times on the last day of its bidding. The issue opened for bidding on 29 September, 2020. It was set to close on 1 October, 2020. However, due to weak participation from qualified institutional buyers (QIBs), the IPO was extended till 7 October, 2020. The company also revised its price band to Rs116-Rs120 from Rs117-Rs120 set earlier.
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