Oil and gas pipeline infrastructure service provider Likhitha Infrastructure’s initial public offer has been extended till October 7 and the price band has also been revised lower to Rs 116-120 per share, according to an update on the NSE.
The Rs 61 crore issue was earlier slated to close on Thursday.
The offer received bids for 4,29,86,000 shares against 51,00,000 shares on offer, translating into 8.43 times subscription, as per data available with the NSE on Thursday.
Qualified institutional buyers (QIBs) portion was subscribed 45 per cent, non-institutional investors 5.39 times and retail individual investors 21.13 times.
“BRLM (Book Running Lead Managers) to the Likhitha Infrastructure Limited issue has informed the exchange that the issue closure date has been extended up to October 07, 2020. The price band has been revised from Rs 117-120 to Rs 116-120 per share” as per an update on the NSE.
