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Incorporated in 1998, Likhitha Infrastructure Ltd is an oil and gas pipeline infrastructure service provider in India. The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well. It is the first company that has executed the first Trans-National Cross Country Hydrocarbon Pipeline Project between India and Nepal.
With 20+ years of existence, it has spread its geographical presence across 16+ states and 2 Union Territories in India such as Delhi, West Bengal, Telangana, Gujarat, Andhra Pradesh, Madhya Pradesh, Bihar, Chandigarh, Haryana, Kerala, Orissa, Uttar Pradesh, etc. Company has a strong client base in India including both the private and public players such as ONGC, HCG, IndianOil, GAIL, etc.
Competitive strength
Х Diversified geographical presence in India
Х Strong client base
Х Efficient business model
Х Strong project execution capabilities
| Particulars | For the year/period ended (Rs in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 10,085.61 | 8,457.38 | 6,722.91 | ||
| Total Revenue | 16,279.02 | 14,054.68 | 8,860.56 | ||
| Profit After Tax | 1,987.93 | 1,785.51 | 716.22 | ||
The net proceeds from the IPO will be used against following objectives;
Х To meet the general working capital requirements of the business.
Х To meet general corporate purposes.
Х To meet IPO issue expenditures.
| Likhitha Infrastructure IPO Date | Sep 29, 2020 to Oct 7, 2020 |
| Likhitha Infrastructure IPO Face Value | ₹10 per share |
| Likhitha Infrastructure IPO Price | ₹116 to ₹120 per share |
| Likhitha Infrastructure IPO Lot Size | 125 Shares |
| Issue Size | 5,100,000 shares of ₹10 (aggregating up to ₹61.20 Cr) |
| Fresh Issue | 5,100,000 shares of ₹10 (aggregating up to ₹61.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company. |
Likhitha Infrastructure IPO opens on Sep 29, 2020, and closes on Oct 7, 2020. The Likhitha Infrastructure IPO bid date is from Sep 29, 2020 10.00 A.M. to Oct 7, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Likhitha Infrastructure IPO Opening Date | Sep 29, 2020 |
| Likhitha Infrastructure IPO Closing Date | Oct 7, 2020 |
| Basis of Allotment | Oct 12, 2020 |
| Initiation of Refunds | Oct 13, 2020 |
| Credit of Shares to Demat | Oct 14, 2020 |
| Likhitha Infrastructure IPO Listing Date | Oct 15, 2020 |
The Likhitha Infrastructure IPO lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹195,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| Pre Issue Share Holding | 99.96% |
| Post Issue Share Holding | 74.11% |
Likhitha Infra has changed the Allocation of shares
| Category | Shares Offered(Previous) | Shares Offered (New) |
|---|---|---|
| QIB | 2550000 (50%) | 51000 (1%) |
| NII | 765000 (15%) | 3264000 (64%) |
| Retail | 1785000 (35%) | 1785000 (35%) |
| Total | 5,100,000 | 5,100,000 |
LIL has good track record and a healthy order book. Based on financial parameters issue appears reasonably priced. It is going to create fancy as first mover in the segment post listing. Due to listing in "T" group with 5% circuit limit, speculative movement will get restricted. Considering this, investors may plan investment with a long term perspective. Read detail review...
The Likhitha Infrastructure IPO is subscribed 9.51 times on Oct 7, 2020 5:00:01 PM. The public issue subscribed 23.71 times in the retail category, 21.99 times in the QIB category, and 1.54 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 21.99 |
| NII | 1.54 |
| Retail | 23.71 |
| Total | 9.51 |
| Listing Date | Thursday, October 15, 2020 |
| BSE Script Code | 543240 |
| NSE Symbol | LIKHITHA |
| Listing In | T Group of Securities |
| ISIN | INE060901019 |
| IPO Price | ₹120 per share |
| Face Value | ₹10 per share |
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Likhitha Infrastructure Ltd
Flat No. 701, Plot No.8-3-940 and 8-3-940/A to E
Tirumala Shah Residency, Yellareddy Guda, Ameerpet
Hyderabad - 500073
Phone: 91 40-23752657
Email: info@likhitha.in
Website: http://www.likhitha.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Likhitha Infrastructure IPO is a main-board IPO of 5,100,000 equity shares of the face value of ₹10 aggregating up to ₹61.20 Crores. The issue is priced at ₹116 to ₹120 per share. The minimum order quantity is 125 Shares.
The IPO opens on Sep 29, 2020, and closes on Oct 7, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Likhitha Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Likhitha Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Likhitha Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Likhitha Infrastructure IPO opens on Sep 29, 2020 and closes on Oct 7, 2020.
Likhitha Infrastructure IPO lot size is 125 Shares and the minimum order quantity is .
You can apply in Likhitha Infrastructure IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Likhitha Infrastructure IPO will be done on Oct 12, 2020, and the allotted shares will be credited to your demat account by Oct 14, 2020. Check the Likhitha Infrastructure IPO allotment status.
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