The primary issue from Likhitha Infrastructure which had tapped the capital markets was subscribed 9.51 times. The company was to issue 51 lac shares in a price band of Rs 117-120. The issue was open from Tuesday the 29th of September to Thursday the 1st of October. The issue failed to receive adequate subscription in the QIB portion and was forced to extend the same. The revised price was changed to Rs 116-120. The revised dates or extended dates saw the issue close on Wednesday the 7th of October.

The extension of the issue saw the company issue a corrigendum and change the QIB portion from 50% of the issue size to 1%. This is something which would probably be a trend setter as it has never happened before. Anyway, maybe this is part of the fast tracking of capital markets and facilitating of fund-raising initiatives of the regulator, SEBI.

The issue saw the QIB portion subscribed 21.99 times, HNI portion subscribed 1.54 times and Retail portion subscribed 23.71 times. The overall issue was subscribed 9.51 times.

Full details of the subscription are given below: –