InvestorQ : How was the listing of Likhitha Infrastructure on 15 October?
Archita Jajjoo made post

How was the listing of Likhitha Infrastructure on 15 October?

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Niti Shenoi answered.
1 month ago
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In a way, the stock of Likhitha Infra managed to hold its own in an extremely difficult market. The company provides oil and gas pipeline infrastructure services to the city gas distribution sector in India. The issue was priced at Rs.120 and the stock listed on 15 October on the NSE and BSE.

The stock listed at an 8% premium at Rs.130 on the BSE. Interestingly, during the day, the stock did not really dip below the Rs.125 mark and it closed the first day of trading at its intraday high level of Rs.136 per share.

The Likhitha IPO had been postponed after tepid demand in the QIP segment, but eventually got overall subscription of 9.5 times.

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