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Likhitha Infrastructure IPO is a book built issue of Rs 61.20 crores. The issue is entirely a fresh issue of 0.51 crore shares.
Likhitha Infrastructure IPO bidding started from September 29, 2020 and ended on October 7, 2020. The allotment for Likhitha Infrastructure IPO was finalized on Monday, October 12, 2020. The shares got listed on BSE, NSE on October 15, 2020.
Likhitha Infrastructure IPO price band is set at ₹116 to ₹120 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Likhitha Infrastructure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Likhitha Infrastructure IPO RHP for detailed information.
| IPO Date | September 29, 2020 to October 7, 2020 |
| Listing Date | October 15, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹116 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 5,100,000 shares (aggregating up to ₹61.20 Cr) |
| Fresh Issue | 5,100,000 shares (aggregating up to ₹61.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,625,000 |
| Share holding post issue | 19,725,000 |
Likhitha Infrastructure IPO offers 5,100,000 shares. 51,000 (1.00%) to QIB, 3,264,000 (64.00%) to NII, 1,785,000 (35.00%) to RII. 14,280 RIIs will receive minimum 125 shares and (sNII) and (bNII) will receive minimum 1,750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 51,000 (1.00%) | NA |
| NII (HNI) Shares Offered | 3,264,000 (64.00%) | |
| Retail Shares Offered | 1,785,000 (35.00%) | 14,280 |
| Total Shares Offered | 5,100,000 (100%) |
Likhitha Infrastructure IPO opens on September 29, 2020, and closes on October 7, 2020.
| IPO Open Date | Tuesday, September 29, 2020 |
| IPO Close Date | Wednesday, October 7, 2020 |
| Basis of Allotment | Monday, October 12, 2020 |
| Initiation of Refunds | Tuesday, October 13, 2020 |
| Credit of Shares to Demat | Wednesday, October 14, 2020 |
| Listing Date | Thursday, October 15, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 7, 2020 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| Lot Size Calculator | |||
Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company.
| Share Holding Pre Issue | 99.96% |
| Share Holding Post Issue | 74.11% |
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
| 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;
To meet the general working capital requirements of the business.
To meet general corporate purposes.
To meet IPO issue expenditures.
[Dilip Davda] 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...
The Likhitha Infrastructure IPO is subscribed 9.51 times on October 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)
| Category | Subscription (times) |
|---|---|
| QIB | 21.99 |
| NII | 1.54 |
| Retail | 23.71 |
| Total | 9.51 |
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 |
| Listing Date | October 15, 2020 |
| BSE Script Code | 543240 |
| NSE Symbol | LIKHITHA |
| ISIN | INE060901019 |
| Final Issue Price | ₹120 per share |
| Price Details |
|---|
| Final Issue 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 |
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
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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 September 29, 2020, and closes on October 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 September 29, 2020 and closes on October 7, 2020.
Likhitha Infrastructure IPO lot size is 125 Shares, and the minimum amount required is ₹15,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Likhitha Infrastructure IPO will be done on Monday, October 12, 2020, and the allotted shares will be credited to your demat account by Wednesday, October 14, 2020. Check the Likhitha Infrastructure IPO allotment status.
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