The primary issue from Likhitha Infrastructure which had tapped the capital markets, listed on the bourses and registered gains of 13.83% on day one. The company had tapped the capital markets with its issue of 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 had 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.
The discovered price on BSE was Rs 130.10. The high of the day was Rs 136.60 on BSE which was also the close of the day. The low of the day was Rs 125. On NSE, the high of the day and close was Rs 136.50 while the low of the day was Rs 125.00. The share gained Rs 16.60 or 13.83% on BSE. On NSE it gained Rs 16.50 or 13.75%.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 130.10 | 136.60 | 125.00 | 136.60 | 16.60 | 13.83 | 131.38 | 285852 | 285852 | 100.00 |
| NSE | 130.00 | 136.50 | 125.00 | 136.50 | 16.50 | 13.75 | 131.24 | 1394388 | 1394388 | 100.00 |
| Total | 1680240 | 1680240 | 100.00 |
The share would trade in ‘trade to trade’ category for ten trading sessions as the size of the issue is below Rs 250 crs. The share saw a trading volume of 16,80,240 shares which was 32.95% of the issue size and 100% of the traded volume. The weighted average of the days trade was Rs 131.38 on BSE and Rs 131.24 on NSE.
There were three trades reported in the bulk category on NSE on day one. The first was a buy trade of 5.50 lac shares at Rs 131.10 by HET Finance Pvt Ltd. The second was a sell trade by Hsquare Globetrade LLP for 5.50 lac shares at Rs 131.09. The third was a sell trade by Yogesh Kumar Sanghvi for 1,03,002 shares at Rs 130.52. For a delivery volume of 16.80 lac shares, these were large bulk trades.
All in all, the share had a decent listing.
