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
Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company.
| 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.
| IPO Opening Date | Sep 29, 2020 |
| IPO Closing Date | Oct 7, 2020 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹116 to ₹120 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,100,000 Eq Shares of ₹10 (aggregating up to ₹61.20 Cr) |
| Fresh Issue | 5,100,000 Eq Shares of ₹10 (aggregating up to ₹61.20 Cr) |
The Likhitha Infrastructure IPO open date is Sep 29, 2020, and the close date is Oct 7, 2020. The issue may list on Oct 15, 2020.
| IPO Open Date | Sep 29, 2020 |
| IPO Close Date | Oct 7, 2020 |
| Basis of Allotment Date | Oct 12, 2020 |
| Initiation of Refunds | Oct 13, 2020 |
| Credit of Shares to Demat Account | Oct 14, 2020 |
| IPO Listing Date | Oct 15, 2020 |
The Likhitha Infrastructure IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹15,000 |
| Maximum | 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 |
The Likhitha Infrastructure IPO is subscribed 9.51x times on Oct 7, 2020 17:00. The public issue subscribed 23.71x in the retail category, 21.99x in the QIB category, and 1.54x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 21.99x |
| NII | 1.54x |
| RII | 23.71x |
| Total | 9.51x |
| 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 equity share |
| Face Value | ₹10 per equity 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
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
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 equity 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 125 Shares.
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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