Pipeline service provider Likhitha Infrastructure IPO debuts with a 8% premium on listing date. The stock listed at Rs 130 against issue price of Rs 120 per share.
The stock was in a buyers-only position shortly after, rising to Rs 136.50. It was up by 13.75%.
The Infrastructure company Rs 61 crore public issue was subscribed 9.5 times. The price band was Rs 117-120 per share, but was revised to Rs 116-120 per share due to undersubscription.
Likhitha Infrastructure ltd. develops pipeline networks, with providing operations management to city gas distribution (CGD) companies in the country.
