Hyderabad based Likhitha Infrastructure made a debut on the bourses today with gains of 8% at Rs. 130. This is a as against the issue price of Rs. 120 per share.
The Rs. 61 crore IPO with a muted response from institutional investors was expected to make a weak listing. In this year despite the Covid 19 led disruption and ongoing economic slowdown, this is the eleventh company to hit the capital markets.
The company commands a healthy book order as well as boast of strong revenue growth in times to come as well as has zero debt. The company's IPO opened on September but because of poor response got extended to October 7 and there was also a revision made in the price band to Rs. 116- Rs. 120 per share.