Likhitha Infrastructure IPO

Alchemist

Administrator
Staff member
#1
Likhitha Infrastructure IPO

Closes tomorrow - 1st October.

It is tiny IPO and will get subscribed a few times.

Reasonable valuations will ensure that stock lists at a premium to the IPO price.
 
#3
I see this IPO is extended with reduced price. Why is this extension inspite of issue getting over subscribed. Is it still expected to list at premium?
 

Alchemist

Administrator
Staff member
#4
I see this IPO is extended with reduced price. Why is this extension inspite of issue getting over subscribed. Is it still expected to list at premium?
QIB segment needs to be fully subscribed.

I think the minimum limit is 75%. If the IPO is subscribed less than 75% in the QIB segment, the IPO will be cancelled and money refunded.

The problem is that it is a tiny IPO and thus many QIBs will not subscribe just because of the size.

SEBI needs to reconsider the QIB subscription rules for tiny IPOs.
 
#5
I have submitted two applications one in NII category for 16 lots and other one in retail for 1 lot. My Questions. Based on subscription level in NII, I assume I may get 3 lots, and possibly fourth lot in retail category.

My Questions are:

- What is expected listing price and what are chances of listing below the issue price?

- Can I withdraw my application now? If so what is the procedure?
 
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#9
I dont see such option in Kotak. I talked with Kotak and they told this option is not in NII category but only in retail category.
 
#10
If you want to withdraw just change the price to lower end of the price range.
I think I was able to change it to lower end of price range.

- Kotak did not give any option to cancel the bid.
- I tried to reduce the price, but Kotak gave error that downgrade is not allowed.
- I tried to reduce no of shares but again Kotak gave same error.
- I increased the no of lots from 16 to 17 and changing the price to 116. As the total bid value increased, Kotak gave me different error "Your ASBA application modification has been rejected due to The lien cannot be modified. Add a new one.". But it seems the bid is successful
 
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