Likhitha Infrastructure Ltd IPO Message Board (Page 18)

Eagleye.. Please likhitas GMP

Reasonable price, strange, grey market seems not active for this ipo, lets see subscription figures

Likhitha Infra IPO
GMP as on 26 September 2020 @ 1pm
17 - 19

These type Trade to Trade counter QIB will not show much interest.
It depends upon HNI.
We can go if HNI subscribes above 10 times.

Likhita infrastructure has a unique business model but a very small ipo. There will be a very tough allotment. GMP Rs.15-20 as of today.

My priority will be first Manjhgaon dock shipbuilders,second uti amc and third lihita infrastructure.

#######################################
Comparison between recent IPOs based on issue size and subscription figure.

HMT Issue size --> 600 Cr
ROUTE Issue size --> 600 Cr
CAMS Issue size --> 2244 Cr
CHEMCON Issue size --> 318 Cr
ANGEL Issue size --> 600 Cr
UTIAMC Issue size -->2159 Cr
LIKHITA Issue size -->61.2 Cr
MAZAGON Issue size --> 444 Cr


HMT Retail portion size --> 70 Cr
ROUTE Retail portion size --> 210 Cr
CAMS Retail portion size --> 777 Cr
CHEMCON Retail portion size --> 111 Cr
ANGEL Retail portion size --> 210 Cr
UTIAMC Retail portion size --> 752 Cr
LIKHITA Retail portion size --> 21.4 Cr
MAZAGON Retail portion size --> 155 Cr (Assuming no Retail discount)



HMT Reserved Applications for Retail Quota --> 46,958 Forms
ROUTE Reserved Applications for Retail Quota --> 1,48,368 Forms
CAMS Reserved Applications for Retail Quota --> 5,26,870 Forms
CHEMCON Reserved Applications for Retail Quota --> 74,398 Forms
ANGEL Reserved Applications for Retail Quota --> 1,40,056 Forms
UTIAMC Reserved Applications for Retail Quota --> 5,02,796 Forms
LIKHITA Reserved Applications for Retail Quota --> 14,280 Forms
MAZAGON Reserved Applications for Retail Quota --> 1,02,803 Forms


HMT Retail Applications Count --> 22 Lakhs Forms
ROUTE Retail Applications Count --> 15.2 Lakhs Forms
CAMS Retail Applications Count --> 21.36 Lakhs Forms
CHEMCON Retail Applications Count --> 22.77 Lakhs Forms
ANGEL Retail Applications Count --> 4.47 Lakhs Forms
UTIAMC Retail Applications Count --> 17 Lakhs Forms (Tentative)*
LIKHITA Retail Applications Count --> 4 Lakhs Forms (Tentative)*
MAZAGON Retail Applications Count --> 13 Lakhs Form (Tentative)*




HMT Times(X) Retail Applications --> 46.85 X
ROUTE Times(X) Retail Applications --> 10.11 X
CAMS Times(X) Retail Applications --> 4.05 X
CHEMCON Times(X) Retail Applications --> 30.51 X
ANGEL Times(X) Retail Applications --> 3.18 X
UTIAMC Times(X) Retail Applications --> 3.38 X (Tentative)*
LIKHITA Times(X) Retail Applications --> 28.01 X (Tentative)*
MAZAGON Times(X) Retail Applications --> 12.65 X (Tentative)*


*(Highly depends on listing of CAMS and CHEMCON ON 1st Oct)

Apply in full force. Since small size IPO, It will be hugely oversubscribed and GMP will shoot up.
It you are lucky you may get 1 lot and that is enough to make profit for Diwali purchase.

After seeing subscription of HNI on last day and we go for it
HNI subscribes above 15 times means some listing gain possible.
I think QIB may be on sideways, let wain and see

Trade to Trade script
March 20 Eps is 13.59
Pe is 8.8 (Issue price 120)
RONW 33.06%
nav 47
There is no listed peers.

Are koi isko bhi IPO consider karke comment/feedback diya karo.

Issue size is just 61cr. This ipo should had come in sme category.

Itna chota issue hai to oversubscribed hoga. LM is Big Share which is not so much renowned. So anchor placement mein koi bada player nahi rahega.

Let's wait for some expert's comment

LM Is unistone , bigshare is registrar.
LM came with changing his name, earlier this LM handled only two SME issues. LM track record is not that much good.
But this company data shows good, so we can apply, if market condition in favor i will apply for both mazgaon ???? builder.

@Eagleye

waiting for your calculation RHP is available

Before doing much research I am sure there must be people who are in touch with big named client (ONGC, GAIL, etc...) of this company mentioned in Introduction.
1) Can anybody inquire direct or indirectly that how far or big is this company engaged in contracts with such biggies?- Point is to know the potential.

2) In general, Infrastructure companies are reeling under lot of pressure due to economic slowdown. Besides, IL&FS liquidity crunch almost squeezed lot of infra companies. One need to be very careful with them.

The replies on 1) above is welcomed.

Disclaimer: Above is my point of view and its always good to have your own research.

Some good points about this ipo

1. It's purely a fresh issue not OFS by it's Promoters

2. Company deals in gas pipeline business. It's unique and has a high entry barrier

3. Promotors holding is almost 100%.

Once more details are available in news articles , we can decide whether to go for it or not.

Don't believe blindly on SME size company...
This should go and ask money in SME counter...don't no why they are came with mainline ipo...
This sector group companies never gives return in long term...

@Krishna, first you will get indiacation by seeing anchor placement list. If some reputed mutual funds AMCs/Financial Institutions are allotted this ipo in anchor placement, then it's a good ipo and you can apply for it.

second indication is off course QIB/NII data on last day of subscription

Only think if QIB shows intrest in this... overall picture looks ok of this company...very small size issue...
LM is new...so risky...
This can go in any direction post listing...will.apply only when QIB shows intrest in this...