Likhitha Infrastructure IPO
Likhitha Infrastructure Limited (LIKHITHA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 October 2020.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +10.4% (likely range +3% to +15%), day's high +14.2%, chance of a gain 82%. Actual: +8.3% at the open, +13.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 51,000 | 11,21,500 | 22.0x | |
| NII (HNI) total | 32,64,000 | 50,32,625 | 1.54x | |
| Retail | 17,85,000 | 4,23,23,750 | 23.7x | |
| Total | 51,00,000 | 4,84,77,875 | 9.51x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 69% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Likhitha Infrastructure's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Security and Intelligence Services (India)Aug 2017 | 5.64x | 1.66x | 19.5x | 7.07x | ₹789 Cr | +8.0% | +8.0% |
| Ircon InternationalSep 2018 | 12.3x | 4.92x | 10.1x | 9.90x | ₹806 Cr | -13.3% | -2.1% |
| Mahindra LogisticsNov 2017 | 15.6x | 2.07x | 6.10x | 7.90x | ₹829 Cr | 0.0% | +1.1% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Likhitha Infrastructure IPO price band and lot size? ₹116–120 per share, with a lot of 125 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 9.51x overall: QIB 22.0x, NII 1.54x, retail 23.7x.
How did it list? It opened at ₹130, +8.3% against the issue price of ₹120, and closed its first day +13.8%.
