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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 ₹120.00 per share . The lot size for an application is 125. The minimum amount of investment required by an retail is ₹14,500 (125 shares). 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 Date | September 29, 2020 to October 7, 2020 |
| Listing Date | October 15, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹116 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,00,000 shares (aggregating up to ₹61.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,46,25,000 shares |
| Share Holding Post Issue | 1,97,25,000 shares |
Likhitha Infrastructure IPO offers total 51,00,000 shares. Out of which 51,000 (1.00%) allocated to QIB, 32,64,000 (64.00%) allocated to NII, 17,85,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Likhitha Infrastructure IPO opens on September 29, 2020, and closes on October 7, 2020.
| IPO Open Date | Tue, Sep 29, 2020 |
| IPO Close Date | Wed, Oct 7, 2020 |
| Tentative Allotment | Mon, Oct 12, 2020 |
| Initiation of Refunds | Tue, Oct 13, 2020 |
| Credit of Shares to Demat | Wed, Oct 14, 2020 |
| Tentative Listing Date | Thu, Oct 15, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 7, 2020 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Likhitha Infrastructure IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 470.00 |
| 2 | General Corporate Purposes | 60.00 |
| 3 | Issue Expenses | 82.00 |
[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...
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 |
| BSE Listing Group | T |
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
Hyderabad, Telangana
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 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹61.20 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 125.
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, 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 Wednesday, October 14, 2020. Check the Likhitha Infrastructure IPO allotment status.
The Likhitha Infrastructure IPO listing date is on Thursday, October 15, 2020.
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