Likhitha Infrastructure Ltd IPO Message Board (Page 14)

Likhita ipo - Though very risky, over subscribed and uti amc left behind.

Price reduced 116/120

What was the earlier price band. On the upper side it is remains same i.e. 120.
What is the benifit
Mindless LM

Earlier price band was rs 117 to rs120. New price band is rs 116 to 120 .

Not much difference between old and new price band. Only reduced rs 1 at lower price band for eye wash...

I have decided to skip this Likhitha Infra IPO as it is too small IPO and not a very good situation overall for Infra Companies in India currently.

IPO is very small so there is expected to very high volatility on listing. I don't want to take risk and get stuck in a Infra company, if not able to sell at profit post listing.

It is my view and request you all to take yours.

Suno sabki par karo apne man ki.

Will not apply despite price reduction and extension.

Also, will not apply even if there is heavy subscription now.

Icicidirect not cancelling the application as applied through icici bank how to cancel it can anyone pl help

As issue wss closed already so bank has also closed this option.. now dates are extended so bank will reopen this...let give some time to bank..
You should be able to cancel application on Monday... relax...

On Monday. Pl reply how can I withdraw application in yes bank.

Applied through ASBA in SBI for likhita infrastructure ipo.
Is it possible to cancel/ withdraw the application. If so please let me know the procedure.

As ipo extended you'll find option to withdraw application. If can't withdraw then apply one more application from UPI. So both the application will be rejected.

No need to apply extra application... whoever want to withdraw they should be able to withdraw on Monday without any issue...

Hello plz help can i cancel my application of likhitha ipo? Issue is extended till 7 oct now can i cancel/withdraw my application? Plz help thanks

Yes you can cancel, on Monday you should be able to cancel...

Hello plz help can i cancel my application of likhitha now? Ipo is extened till 7th oct

Yes, you can

Cancel on Monday.. enjoy long weekend

How to cancel Lithika ipo subscription if applied from icicibank.Can anyone help.

Cancel on Monday ..not to worry as issue dates are extended...

61cr ki issue mein bhi QIB walo ne nahi lagaya that means nothing is there in LIKHITHA company. Only retailers are getting trapped

agree @NforNandKishor..

Retails, do not get trapped in this ipo, cancel your applications...

Not all retailers are trapped...those are only listing gain hungers...who failed to understand that there is not always listening gain when issue size is small...

Many assume that issue size is small means subscription would be multifold times...and double triple listing gain..

QIB : only 45% . i.e less than 90 %

Issue will either extend or cancel...

Even if it sails through till Wednesday , it will definitely list in 2 digits.

One more opportunity for retailers to withdraw if applied.

Comparison

Though there are no direct infra peers as per RHP , some of the listed infra peers indulge in commercial activities.

HG Infra :.........CMP : 187 , EPS : 22 , P/E : 8.3 , P/B : 1.5
PNC Infra :.......CMP : 160 , EPS : 16 , P/E : 10 , P/B : 1.6
Sadbhav infra : CMP : 17 , EPS : 11 , P/E : 1.6 , P/B : 0.4
Likhitha infra :..CMP : 120 , EPS : 14 , P/E : 8.5 , P/B : 2.5

I think not much left on the table.Fully priced issue.It's above the average of P/E & P/B.The only +ve thing is that most of the infra companies run on debt & Likhitha infra has almost negligible debt but that should not be the sole parameter to invest.Also it's going to be listed in ' T ' group segment so we can't see much interest from QIBs & HNIs.My prima facie opinion is to avoid it unless and otherwise 10x-15x subscribed at 2 pm on last day.

This IPO is very very costly.
All infra companies are trading in discount.
They knowingly did not disclosed any close or far peer in their RHP as if it has a monopoly type business.

One of the object of the IPO issue is "To meet IPO issue expenditures". Now that IPO is super flop, not sure it will subscribe even after date extension, just wondering how they will meet IPO issue expenditure now?

True sir

As mentioned many times on this page, this is poor LM..

He failed to bring QIB confidence...

Don't believe blindly on SME size ipo...
Retailers are hungry for listing gain and some are applying blindly without doing any analysis...

LIKHITHA INFRA IPO EXTENDED TILL 7TH OCTOBER WITH REVISED PRICE BAND OF RS 116/- TO RS 120/-

Is it true that it is extended up to 7th october with revise price band of Rs. 116 - 120 ?

IPO has been extended till 7th October 2020 with revised price band of 116-120.

Congratulations to all retail investors who blindly invested in this

I applied and cancelled my bid at the end in this IPO. PAT 19 crore Approx per quarter. Not sure what is faith of IPO in near future. May just list round about cut of price. Maybe Rs. 10-15 premium. Again stock has 5% circuit limit. So cancelled.

*Likhitha Infrastructure Limited* Subscription

1-10-2020 @ 04:09:39 PM
QIB => *0.4496* Closed
NII => *5.3944* Closed
RII => *20.5947*
TOTAL => *8.2421*