We have a detailed review of Likhitha Infrastructure IPO. In this article will discuss release date, IPO offer price, subscription, Likhitha Infrastructure IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Likhitha Infrastructure Ltd was established in the year 1998 and engaged in current line of business since inception. Their Company is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services. Their operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of CNG/PNG services.

They are one of the top Pipeline Laying companies in India and having 20+ years of vast experience in the field with diversified operations spread across several geographical regions in the state of Karnataka, Delhi, West Bengal, Gujarat, Andhra Pradesh, Telangana, Kerala, Madhya Pradesh, Jharkhand, Bihar, Chandigarh, Haryana, Orissa and Uttar Pradesh. they are proud to be the first execution company from India to execute the first ever Trans-National Hydrocarbon (Multi-product) Pipeline Project between India and Nepal. they are presently working with all major PSU’s and CGD companies all over India.

Promotors of Likhitha Infrastructure Ltd.

• Mr. Srinivasa Rao Gaddipati
• Ms. Likhitha Gaddipati

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Lead Managers of Likhitha Infrastructure Ltd.

• Unistone Capital Pvt Ltd

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Financials of Likhitha Infrastructure Ltd.

Particulars (Rs. in Crores)	FY2018	FY2019	FY2020
Revenue	88.6	140.5	162.8
Expenses	77.7	115.2	136
Net income	7.2	17.9	19.8
Net margin (%)	8.1	12.7	12.2

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Likhitha Infrastructure Ltd. IPO Details

Security Type	Equity
Issue Period	Sep 29, 2020 – Oct 1, 2020
IPO Market Timings	10.00 am to 5.00 pm
Issue Size – No. of Shares	5,100,000 Eq Shares of ₹ 10 (aggregating up to ₹61.20 Cr)
Price Band	₹117- ₹120 Per Share
Face Value	10
Market Lot	125 Shares
List at	NSE, BSE

Tentative Date/ Timetable of Likhitha Infrastructure IPO

Bid/Offer Opens On	Sep 29, 2020
Bid/Offer Closes On	Oct 7, 2020
Finalisation of Basis of Allotment	Oct 12, 2020
Initiation of Refunds	Oct 13, 2020
Credit of Shares to Demat Acct	Oct 14, 2020
IPO Shares Listing Date	Oct 15, 2020

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Likhitha Infrastructure IPO Latest Grey Market Premium (GMP)

DATE	OFFER PRICE	GREY MARKET PREMIUM	KOSTAK RATES
30.09.2020	₹120	₹10-15	N.A.
29.09.2020	₹120	₹15-20	N.A.
28.09.2020	₹120	₹15-20	N.A.
25.09.2020	₹120	₹15-20	N.A.
24.09.2020	₹120	₹15-20	N.A.

IPO Subscription Details of Likhitha Infrastructure Ltd.

SUBSCRIPTION (CATEGORY WISE)	SHARES OFFERED	DAY 1	DAY 2	DAY 3	DAY 4	DAY 5	DAY 6
QIB	2,550,000	0.00x	0.03x	22.48x	22.48x	22.48x	21.99x
NII	765,000	0.04x	3.20x	1.26x	1.27x	1.41x	1.54x
Retail	1,785,000	1.63x	7.47x	21.13x	23.90x	23.93x	23.71x
Total	5,100,000	0.57x	3.11x	8.43x	9.40x	9.50x	9.51x

IPO Allotment status of Likhitha Infrastructure

Likhitha Infrastructure IPO Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.

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