Bookbuilding IPO | ₹61 Cr | Listed at BSE, NSE | Tue, Sep 29, 2020 - Wed, Oct 7, 2020
Likhitha Infrastructure IPO is a book build issue of ₹61.20 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹61.20 crore.
Likhitha Infrastructure IPO bidding started from Sep 29, 2020 and ended on Oct 7, 2020. The allotment for Likhitha Infrastructure IPO was finalized on Oct 12, 2020. The shares got listed on BSE, NSE on Oct 15, 2020.
Likhitha Infrastructure IPO price band is set at ₹120 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹15,000 (125 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹10,05,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Likhitha Infrastructure IPO RHP for detailed Information.
IPO Open
Tue, Sep 29, 2020
IPO Close
Wed, Oct 7, 2020
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹236.70 Cr
| IPO Date | 29 Sep to 7 Oct, 2020 |
| Listed on | Thu, Oct 15, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹116 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 51,00,000 shares (agg. up to ₹61 Cr) |
| Fresh Issue | 51,00,000 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,46,25,000 shares |
| Share Holding Post Issue | 1,97,25,000 shares |
| BSE Script Code / NSE Symbol | 543240 / LIKHITHA |
| ISIN | INE060901019 |
Likhitha Infrastructure IPO comprises a total issue size of 51,00,000 shares. Out of which, 51,000 (1.00%) are allocated to QIB, 32,64,000 (64.00%) allocated to NII 17,85,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 51,000 | 1.00% | NA |
| NII (HNI) Shares Offered | 32,64,000 | 64.00% | NA |
| Retail Shares Offered | 17,85,000 | 35.00% | 14,280 |
| Total Shares Offered | 51,00,000 | 100.00% |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 47.00 |
| 2 | General Corporate Purposes | 6.00 |
| 3 | Issue Expenses | 8.20 |
| Total | 61.20 |
The Likhitha Infrastructure IPO is subscribed 9.51 times on October 7, 2020 5:00:01 PM (Day 6). 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 (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 21.99 | 51,000 | 11,21,500 |
| NII | 1.54 | 32,64,000 | 50,32,625 |
| Retail | 23.71 | 17,85,000 | 4,23,23,750 |
| Total | 9.51 | 51,00,000 | 4,84,77,875 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the BRLM and commissions (including underwriting commission, brokerage and selling commissions). | 6.05 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers and CDPs. | 0.30 |
| 3 | PR firm fees, advertising and marketing expenses, printing and stationery, distribution, postage, etc. | 0.39 |
| 4 | Listing fees, Stock Exchange fees, Depository and other regulatory expenses | 0.50 |
| 5 | Fees to Registrar to the Issue, Legal Advisors, Auditors, Other Advisors, etc., and other issue expenditure. | 0.96 |
| Total | 8.20 |
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 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹130.10 | ₹130.00 |
| Low | ₹125.00 | ₹125.00 |
| High | ₹136.60 | ₹136.50 |
| Last Trade | ₹136.60 | ₹136.50 |
Lead Manager Reports
Likhitha Infrastructure IPO is a main-board IPO of 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹61 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 125.
The IPO opens on Tue, Sep 29, 2020, and closes on Wed, 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
Visit Zerodha IPO Application Process Review for more detail.
The Likhitha Infrastructure IPO opens on Tue, Sep 29, 2020 and closes on Wed, Oct 7, 2020.
Likhitha Infrastructure IPO lot size is 125, and the minimum amount required for application is ₹15,000.
You can apply in Likhitha Infrastructure IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Oct 14, 2020. Check the Likhitha Infrastructure IPO allotment status.
The Likhitha Infrastructure IPO listing date is on Thu, Oct 15, 2020.
