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
Lead Managers of Likhitha Infrastructure Ltd.
- Unistone Capital Pvt Ltd
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 |
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 |
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.
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 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
Featured Articles
