Likhitha Infrastructure IPO Review

IPO Status: Closed [29th Sep 2020 to 7th Oct 2020]

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About Likhitha Infrastructure IPO

Likhitha Infrastructure Limited is coming up with the IPO this month to list on BSE and NSE. Likhitha Infrastructure IPO opens on 29th Sep and closes on 7th October 2020 and available at an IPO price band of Rs. 116 - Rs.120. Let’s get the updated details of Likhitha Infrastructure IPO including IPO important dates, IPO lot size, allotment status, live subscription, and GMP.

The IPO floor price is 11.6 times of the face value whereas cap price is 12 times of the share face value.

Company Incorporated Year: 1998

Sector: Oil & Gas Pipeline Infarstructure

Issue Size:Rs. 61.20 Cr

Website: http://www.likhitha.co.in/

About Company - Likhitha Infrastructure Limited

Likhitha Infrastructure Limited is one of the well-established pipeline laying companies in India that is primarily engaged in providing oil and gas pipeline infrastructure services. The company not just offers pipeline infrastructure services to oil and gas companies but also provides many other services such as city gas distribution projects (CGD), cross-country pipeline projects (CCP), and operations and maintenance (O&M) related services.

The company has completed many pipeline projects in Gujarat, Chandigarh, Delhi, West Bengal, Telangana, Haryana, Uttar Pradesh, Orissa, Andhra Pradesh, Kerala,and Madhya Pradesh. By this, it has expanded its geographical footprint in more than 16 states and 2 Union Territories.

Top Indian oil and gas companies from both the public as well as the private sector i.e. ONGC, IndianOil, HCG, GAIL, etc. are the clients of Likhitha Infrastructure. It is also the first company to execute the Trans-National Cross Country Pipeline of South-East Asia that connects India to Nepal for the supply of petroleum products.

Likhitha Infrastructure IPO Objective

The company purposes to utilize the IPO issue proceed for the following purposes;

  • To meet the working capital requirements of the company.
  • To meet general corporate purposes.
  • To meet the IPO issue expenditures.

Likhitha Infrastructure IPO Issue break-up

Issue break-up
Category No. of Shares %
QIB 51,000 1%
NII 3,264,000 64%
Retail 1,785,000 35%
Total 5,100,000 100%

Likhitha Infrastructure IPO Details

Likhitha Infrastructure IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Likhitha Infrastructure IPO Details
Likhitha Infrastructure Issue Details Values
IPO Category Mainline
IPO Issue Type Book Built Issue IPO
IPO Issue Size 51,00,000 equity shares at ₹120 each[Aggregating to ₹61.20 Cr]
Face Value ₹10 Per Equity Share
IPO Issue Price ₹116-120
IPO Discount TBD
Market Lot 125 Shares
Min Retail Qty 125 shares (1 lot)
Max Retail Qty 1625 shares (13 lot)
Promoter Holding Pre IPO 99.96%
Promoter Holding Post IPO 74.11%
IPO Listing At BSE, NSE
BSE Code 543240
NSE Code LIKHITHA

Likhitha Infrastructure IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 51,000 Shares
  • Non-Institutional Investors: 3,264,000 Shares
  • Retail Individual Investor: 1,785,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered51,0003,264,0001,785,0005,100,000
129th Sep 2020 17:020.00x0.04x1.63x0.57x
230th Sep 2020 17:020.03x3.20x7.47x3.11x
31st Oct 2020 18:020.45x5.39x21.13x8.43x
45th Oct 2020 17:0222.48x1.27x23.90x9.40x
56th Oct 2020 17:0222.48x1.41x23.93x9.50x
67th Oct 2020 17:0221.99x1.54x23.71x9.51x

Likhitha Infrastructure Financials for past 3 Years

Past performance and financial results of Likhitha Infrastructure.

Likhitha Infrastructure financial
Likhitha Infrastructure IPO Financials 30-Mar-2020 31-Mar-2019 31-Mar-2018 31-Mar-2017
Total Assets ₹10,085.61 Lakh ₹8,457.38 Lakh ₹6,722.91 Lakh ₹5,108.74 lakh
Total Revenue ₹16,279.02 Lakh ₹14,054.68 Lakh ₹8,860.56 Lakh ₹10,805.98 Lakh
Net Profit/Loss ₹1,987.93 Lakh ₹1,785.51 Lakh ₹716.22 Lakh ₹790.45 Lakh

Likhitha Infrastructure IPO Strengths

  • Nationwide market presence in India.
  • Large client base of Indian oil & gas companies.
  • Long-term proven financial track record.
  • Strong capability to execute infrastructure projects.

Likhitha Infrastructure IPO Threats/Weaknesses

  • Revenue concentration as the business generates significant revenue from limited clients.
  • Possibility to incur higher actual project costs than budgeted cost.
  • Projects delay and cost overrun may materially negatively affect its financial performance.
  • Competition from oil and gas infrastructure companies.

Likhitha Infrastructure IPO Important Dates

In this section we have covered all important dates related to Likhitha Infrastructure IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Likhitha Infrastructure IPO important dates
IPO Activity Date
IPO Issue Open Date 29th Sep 2020
IPO Issue Close Date 7th Oct 2020
Basis of Allotment Finalisation Date* 12th Oct 2020
Refunds Initiation* 13th Oct 2020
Credit of Shares to Demat Account* 14th Oct 2020
IPO Listing Date* 15th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Likhitha Infrastructure IPO Draft Prospectus >>Document

Likhitha Infrastructure IPO Red Herring Prospectus >>Document

Likhitha Infrastructure IPO Allotment Status >>Link

Company Address

Likhitha Infarstructure Ltd
Flat No. 701, Plot No.8-3-940 and 8-3-940/A to E, Tirumala Shah Residency, Yellareddy Guda, Ameerpet,
Hyderabad 500073
Website: http://www.likhitha.co.in/
Email: [email protected]
Phone: +91 40-23752657

Registrar

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol,
Andheri East, Mumbai-400059

Lead Manager

  1. Unistone Capital Private Limited
Likhitha Infrastructure IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Likhitha Infrastructure? Should I apply in Likhitha Infrastructure IPO?

Last Updated on 2020-10-14T09:35:35+00:00

Likhitha Infrastructure IPO FAQs

  1. 1. How to subscribe Likhitha Infrastructure IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Likhitha Infrastructure IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Likhitha Infrastructure IPO with Zerodha.

    Alternate approch to apply in Likhitha Infrastructure IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Likhitha Infrastructure IPO Review and Important Updates

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  2. 2. How to apply in Likhitha Infrastructure IPO online?

    Apply in Likhitha Infrastructure IPO online

    To subscribe or apply in Likhitha Infrastructure IPO, you can use the following methods:

    Likhitha Infrastructure IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Likhitha Infrastructure IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Likhitha Infrastructure IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Likhitha Infrastructure IPO. Most of the Syndicate Banks provide access to apply in Likhitha Infrastructure IPO via ASBA process. You must have your net banking access, DP ID information to apply in Likhitha Infrastructure IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Likhitha Infrastructure IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Likhitha Infrastructure IPO Review and Important Updates

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  3. 3. How to download online application form for Likhitha Infrastructure IPO?

    Applying in Likhitha Infrastructure IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Likhitha Infrastructure IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Likhitha Infrastructure IPO, please refer article >> Link

    Likhitha Infrastructure IPO Review and Important Updates

    Steps to download the online application form for Likhitha Infrastructure IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 125 and max 1625 shares (13 lot).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4. What is the listing date of Likhitha Infrastructure IPO?

    Likhitha Infrastructure IPO is going to be list on 15-10-2020. NSE Code for Likhitha Infrastructure is LIKHITHA. BSE Code for Likhitha Infrastructure is 543240.

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  5. 5. When Likhitha Infrastructure IPO will be allocated?

    Likhitha Infrastructure IPO Allotment Date is 12-10-2020.

    Other relevant questions:

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User Comments

avatar
2. B L Sharma   9/30/2020 3:40:36 PM Reply
Likhitha Infrastructure GMP is very low, should we still apply?
avatar
1. Sunil  9/20/2020 1:30:29 PM Reply
Please provide Likhitha Infra IPO lot size
avatar
3.1. Rajiv   9/26/2020 8:46:40 PM
Likhitha Infra IPO - GMP is not fully active.
GMP as on 26 September 2020 @ 5pm
17 - 19
avatar
3.2. CA Sachin Jain  9/26/2020 8:47:51 PM
Lot size is 125 shares

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