Likhitha Infrastructure IPO - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"Likhitha Infrastructure IPO issue date has been extended and it will now close on October 7. According to an update in NSE, price band has also been revised from 117/- to Rs. 120/- To Rs. 116/- to Rs. 120/- per share. There is a reduction of Rs. 1 on the lower price band. Till now, the issue has been subscribed by 8.43 times. Retail portion received an overwhelming response by getting subscribed by 21.13 times. NII also is subscribed by 8.43 times. Although QIB is not fully subscribed, it is subscribed by j0.45 times. Considering the small issue size, investors can miss this IPO."

Source : Equity Bulls

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