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Likhitha Infrastructure Ltd IPO (Likhitha Infrastructure IPO) Detail

Sep 29, 2020 - Oct 7, 2020

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

Diversified geographical presence in India
Strong client base
Efficient business model
Strong project execution capabilities

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The net proceeds from the IPO will be used against following objectives;
To meet the general working capital requirements of the business.
To meet general corporate purposes.
To meet IPO issue expenditures.

Likhitha Infrastructure IPO Details

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 Size5,100,000 shares of ₹10
(aggregating up to ₹61.20 Cr)
Fresh Issue5,100,000 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 Timeline (Tentative Timetable)

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

Likhitha Infrastructure IPO Lot Size

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

Likhitha Infrastructure IPO Promoter Holding

Pre Issue Share Holding 99.96%
Post Issue Share Holding 74.11%

IPO Notices

External Link

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

Likhitha Infrastructure IPO Review

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...


Likhitha Infrastructure IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB21.99
NII1.54
Retail23.71
Total9.51

Likhitha Infrastructure IPO Prospectus

Likhitha Infrastructure IPO Rating

1598
4.0
Rating:Rated 4.0 stars
Vote Here ...

Likhitha Infrastructure IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹120.00
₹130.10
₹125.00
₹136.60
₹136.60
NSE
₹120.00
₹130.00
₹125.00
₹136.50
₹136.50

Company Contact Information

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/

Likhitha Infrastructure IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Likhitha Infrastructure IPO Review

Likhitha Infrastructure IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Likhitha Infrastructure IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Likhitha Infrastructure IPO listing date is on Thursday, October 15, 2020.
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Likhitha Infrastructure IPO Message Board

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704 Comments

355. vijay chaurasiya |   Link |Oct 19, 2020 10:55:04 AM
I was deleted the bid but still my amt block.
What to to please help. I am not able to visit the bank branch.
354. KalHoNaHO |   Link |Oct 17, 2020 10:10:05 AM
Dear Friends, don't let over confidence build in yourself just because you made little listing gain in poor quality IPO like Likhitha, Lest you loose much bigger amounts in future poor quality IPO's. Just stick to good quality issues for long term success. This is my thinking, every one has right to do what they feel is best though.
353. Bull is bear |   Link |Oct 17, 2020 7:00:04 AM
Finally i got allotment and earn healthy profit after long time in ipo..

Thanks to those who rumored and widraw their application
352. Rasesh Mehta |   Link |Oct 16, 2020 11:37:48 PM
Likhitha Infrastructure Limited
Business: Oil & Gas Pipeline Infrastructure service provider for leading Oil and gas distribution companies.Debt free ,EPS 13.6 and ROE 29 and Pat 20 cr (3 year cagr 41%).strong order book and Promoter holding 74%
Globally n In India debt free company with higher ROC n NP% with positive operating cash flow company gets 40 plus PE.Likhitha is at 10 PE .its blind buy for long term
351. The BuLLz EyE |   Link |Oct 8, 2020 11:36:37 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
People were afraid during yes bank fpo as well, those applied earned good profit
i was always positive in that issue as well

its always your choice but stockl market me earn karna h to risk to lena padega

you know,
darr ke aage jeet h
351.5. Sumitslg |   Link |Oct 19, 2020 2:28:24 PM
@iqbal.. ekdum mast kaha.. maza aa gya.. saach main..
351.6. amit K singh |   Link |Oct 20, 2020 11:38:21 AM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
The thing is , investors in share market do not disclose their losses, only talk about their profits.. I saw may in yes bank message page, seasoned expert was buying little at rs 14 to 16 levels.. people were expecting UC every day.. not sure how many of them sold and come out of yes bank or they are still holding it with their losses...
350. Tiumal |   Link |Oct 16, 2020 1:24:11 PM
Can any one tell me amount as been blocked, shares not allotted but still not released my amount
349. The BuLLz EyE |   Link |Oct 7, 2020 12:10:13 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
I have not withdrawn my application.
Somehow i am still confident that this IPO will do well
349.7. The BuLLz EyE |   Link |Oct 16, 2020 11:48:13 AM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Thanks Roxpatel
349.8. The BuLLz EyE |   Link |Oct 26, 2020 10:20:19 AM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Upper circuit today
348. Maximizer |   Link |Oct 16, 2020 10:26:52 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@ Admin...Post CMP of likhita
347. tushar |   Link |Oct 16, 2020 9:41:11 AM
Panic sprayed by the group... To withdraw applications but I tell you the truth do not trust any body.. Karo apni manki... I got 2 allot and benifited... 20 per profit..beware of people who misguided us but now a days all r smart... Yeh bhul gaye
346. Tiumal |   Link |Oct 16, 2020 1:04:29 AM
Dear team,

I have applied likhitha infra ipo i have approved mandated but im not get allotment
So my amount was still not get in to my account
345. phrao |   Link |Oct 14, 2020 10:44:24 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Listing synereo
Most of the shareholders in retail segment, try to book profit

But

Most of the intraday traders not interested to buy, because it is T group

My prediction "lower circuit"
345.1. Mr. Singh |   Link |Oct 15, 2020 1:04:42 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thuk gaya tera prediction.
345.2. Rahul Popat |   Link |Oct 15, 2020 11:33:59 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Mr Singh ji

Phrao just make noncense view....

Phrao challenge my view on chemcon I said avoid at 650 to till 500
Phrao make joke on me and now phrao's....????????????????????????
344. IPO Electrifying |   Link |Oct 15, 2020 5:29:28 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
I told you yesterday, bumper listing.
343. jstm |   Link |Oct 14, 2020 7:09:29 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
20-25 % discount listing possible.
90-95 Listing Range.
343.3. Rasesh Mehta |   Link |Oct 15, 2020 12:10:44 PM
Sensex down .likhita upper curcuit.sayad 90-95 ke age 1 likhna bhul gaye the
343.4. jstm |   Link |Oct 15, 2020 4:59:27 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
freebie , piggy and kiddie
Congratulation
because usually this type of allotment are only for those who are suffering from frustration of not getting allotment of good IPOs.Enjoy 5-7%.

LOL rox you were comparing UTI with HDFC AMC.Now what happen ? ????Posting without any sense , keeping mind on bed.I think you were forced to leave your IT field so you came here and advicising.
hirani was kicked out by admin after abusing eagleye.considering himself bigger than her.now came back with head down.
same case with rasesh.considering himself as rasesh shah.190-195.LOL.keep dreaming.
342. BADAYA |   Link |Oct 13, 2020 9:58:47 PM
I applied via upi but didn't proceed for the payment ....Still shares got credited in my demat account..STRANGE
342.1. Ghatol |   Link |Oct 14, 2020 7:45:02 AM
You must have gotv the shares under the investor subsidy scheme.
342.2. BADAYA |   Link |Oct 15, 2020 2:40:40 PM
What to do now....As not accepted the mandate....No money deducted from my bank account. Yet I see shares in my demat account. Can I sell them or wait for the registrar's notice to pay .... Serious Suggestions invited
341. SHANI |   Link |Oct 15, 2020 1:54:20 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
congratulation , upper circuit .. 136.60., when market 650 point down yet,, good listing...
340. AMIT KS |   Link |Oct 15, 2020 9:57:31 AM
TRADE DONE @130.10 ON BSE
340.1. Nipun |   Link |Oct 15, 2020 11:41:08 AM
Sold 60 % at 130.... Feeling light, balance 40% after 2-3 days
339. naveen |   Link |Oct 15, 2020 10:33:24 AM
Overhyped ipos struggled and ignored IPOs have given reasonable returns ...Irony in present markets ....
338. Cautious ipo |   Link |Oct 15, 2020 10:20:44 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
This time Hni playing big game trapping operators.......5 consecutive upper circuit on card and then they will exit ..
337. Manup |   Link |Oct 15, 2020 10:19:58 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Nii are set to play big game by creating artificial demand Now locked at UC
336. Regulagedda Ambica Prasad |   Link |Oct 15, 2020 10:13:49 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Bought at 126