Likhitha Infrastructure IPO extended up to Oct 7, price band revised
Likhitha Infrastructure has revised the IPO price band to Rs 116-120 from Rs 117-120 earlier, an update on NSE showed.
Data from exchanges show that the IPO had received poor response from qualified institutional buyers (QIBs), and the portion reserved for them was filled in only 45 per cent.
Likhitha Infrastructure’s Rs 61.20 crore initial public offer was subscribed 8.43 times on the third day of the bidding process.
According to the data from NSE, the issue received bids for 4,29,86,000 shares, compared with the issue size of 51,00,000 shares.
Likhitha Infrastructure IPO
Oil and gas pipeline infrastructure service provider Likhitha Infrastructure IPO will hit the market on 29th September 2020 to 7th October 2020, price band for Likhitha Infrastructure IPO has been fixed at Rs 116-120 revised. The company expects to raise a total amount of up to Rs 61.20 crore.
Check here details of Likhitha Infrastructure IPO date, IPO offer price, lot size, subscription, Likhitha Infrastructure IPO allotment and listings date, grey market price and other details like the company’s background and more.
Likhitha Infrastructure IPO Details
|IPO Open:||29 September 2020|
|IPO Close:||07 October 2020|
|Price Band:||₹116-₹120 (Revised Price) Per Share|
|Issue Type||Book Built Issue IPO|
|IPO Size:|| 5,100,000 Equity Shares of Rs.10 |
Approx ₹61.20 Crore
|Face Value:||₹10 Per Equity Share|
|Lot Size:||125 shares|
|Listing on:||BSE & NSE|
Likhitha Infrastructure IPO Tentative Date
|Bid/Offer Launch date||September 29, 2020|
|Bid/Offer Last date||October 07, 2020|
|Basis of Allotment finalization date||October 12, 2020|
|Initiation of Refunds||October 13, 2020|
|Credit of Shares to Demat Acct||October 14, 2020|
|IPO Shares Listing Date||October 15, 2020|
Likhitha Infrastructure Company Information
Likhitha Infrastructure established in the year 1998, certified with ISO 9001:2015 by International Certification Services Pvt Ltd for specialization in the field of Design, Construction of Cross-country pipelines, City Gas Pipelines and Civil Constructions. 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.
Likhitha Infrastructure 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.
Likhitha Infrastructure Promoters and Management
Likhitha Infrastructure, which is promoted by Srinivasa Rao Gaddipati and Likhitha Gaddipati, had executed the first trans-national cross-country pipeline of SouthEast Asia, connecting India to Nepal.
Sivasankara Parameshwara Kurup Pillai is the Chairman and Non-executive Independent Director of the company.
Likhitha Infrastructure IPO Issue Size
Likhitha Infrastructure IPO consisting of a fresh issue of up to 51,00,000 equity shares, representing 25.86% of the post-issue shareholding, is expected to raise up to ₹61.2 crore.
Likhitha Infrastructure IPO Objectives
The proceeds of ipo will be utilised by the company towards its be its working capital needs, amid the growing demand for its services and for general corporate purposes.
Likhitha Infrastructure IPO Dates
Likhitha Infrastructure IPO to open on September 29 and closes on October 7 updated date.
Likhitha Infrastructure IPO Price Band Revised
Likhitha Infrastructure has set the price band of its initial public offering (IPO) at ₹116-₹120 per share.
Likhitha Infrastructure IPO Lot Size Minimum and Maximum
The lot size of the Likhitha Infrastructure IPO is minimum of 125 equity shares and in multiples of 125 equity shares thereafter.
Likhitha Infrastructure IPO Minimum lot of 125 shares of Rs 15,000 and Maximum investment of 1625 stocks at Rs.195,000 at The face value of the equity share is Rs 10 each.
Likhitha Infrastructure IPO Subscription Status
On September 29, here, you can find Likhitha Infrastructure IPO Subscription Status.
Likhitha Infrastructure IPO GMP (Grey Market Premium)
As per the market conditions we can expect a good GMP for UTI AMC IPO with 20% listing gain.
Likhitha Infrastructure IPO Review:
Likhitha Infrastructure IPO Subscribe for Short Term and Long Term View.
Likhitha Infrastructure Company Financial
Likhitha Infrastructure’s revenue from operations grew by 15.6 percent to Rs 161.24 crore in year ended March 2020 compared to previous year and in FY19, revenue increased 60.2 percent to Rs 139.48 crore compared to FY18. Revenue growth in FY15-FY20 stood at a 38.96 percent CAGR and profit 58.56 percent CAGR.
Profit for the financial year 2019-20 rose 11.3 percent to Rs 19.88 crore YoY and the same grew by 149.3 percent to Rs 17.85 crore in FY19 YoY, while on the operating front, its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 2.6 percent YoY to Rs 29.67 crore in FY20 and 158.7 percent YoY to Rs 28.9 crore in FY19.
EBITDA margin for the FY20 stood at 18.40 percent against 20.72 percent in FY19 and 12.83 percent in FY18.
Likhitha Infrastructure Stock Listed on NSE & BSE
Likhitha Infrastructure IPO equity shares after the completion of a public issue will be listed on the National Stock Exchange and on BSE Limited.
Likhitha Infrastructure IPO BRLM
Likhitha Infrastructure IPO book running lead managers (BRLM) appointed for the public issue Unistone Capital is the book running lead manager to the issue, while Bigshare Services Pvt Ltd Assignments is the registrar.
Likhitha Infrastructure IPO Allotment Status
Chech here Likhitha Infrastructure IPO Allotment Status
The company will finalise ipo allotment on October 12, while the refunds or unblocking of funds from ASBA accounts which did not get any share in allotment will take place on October 13.
Shares will be credited to accounts of eligible investors on October 14 and the trading in shares will commence from October 15.