Likhitha Infrastructure IPO Dates, Allotment, Size, Bid Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Likhitha Infrastructure Limited IPO release date, IPO offer price, subscription, Likhitha Infrastructure IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs.10
Price BandRs.117 – Rs.120
Listing AtBSE, NSE
Min. Order Quantity125 Shares
Listing DateOct 12, 2020
Fresh IssueRs 61.20 Cr
IPO SizeRs 61.20 Cr
Tick SizeNA

Summary of Likhitha Infrastructure IPO

Likhitha Infrastructure IPO

They are an Oil & Gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with construction of associated facilities; and providing Operations & Maintenance services to the City Gas Distribution (“CGD”) Companies in India.

Their main focus and vision is to sustain profitable growth by executing projects in time to the satisfaction of their clients. They are proud to have executed 10.75” OD x 69 Kms Petroleum Product Pipeline for the first ever Trans-National Cross-Country Pipeline of South-East Asia connecting India to Nepal, in the Year 2019, for supply of petroleum products

The Promoters of this company are MR. SRINIVASA RAO GADDIPATI and MS. LIKHITHA GADDIPATI. The lead manager to the issue is UNISTONE CAPITAL PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Likhitha Infrastructure IPO Dates

The opening and the closing date of Likhitha Infrastructure IPO is Sep 29, 2020 – Oct 1, 2020.


Likhitha Infrastructure IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Sep 29
2nd Day – Sep 30
3rd Day – Oct 1
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Likhitha Infrastructure IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Basis of Allotment FinalizationOct 7, 2020
Refunds InitiationOct 8, 2020
Credit of Shares to Demat AccountOct 9, 2020
Share Listing DateOct 12, 2020

Likhitha Infrastructure IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs. 117 – Rs. 120. 


Likhitha Infrastructure IPO Size

This Initial Public Issue of 15,72,000 Equity Shares of Rs.10 each for cash at a price of Rs. 117 – Rs. 120.  per equity share aggregating to Rs.723.12 lakhs.


Likhitha Infrastructure IPO Share Offering

Net Issue : The Net Issue of 51,00,000 Equity Shares of Rs.10 each at Rs. 117 – Rs. 120 per Equity Share aggregating to Rs. [●] lakhs.


Likitha Infrastructure IPO – Live Performance

The listing date of this IPO is Sep 21, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Likitha Infrastructure Share Price

Likhitha Infrastructure IPO Grey Market Premium

The Likhitha Infrastructure IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Likhitha Infrastructure Limited – Company Overview

Over the years, they have diversified the gamut of services being provided by their Company from Cross- Country Pipeline Projects (CCP); City Gas Distribution (CGD) Projects to providing Operation & Maintenance (O&M) Services to CGD Companies.

Their client base comprises of established players in the Oil and Gas Industry, both in public and private sector.

Likhitha Infrastructure Significant Presence

They have presence (including past operation) in more than 16 states and 2 Union Territories in India. Their Company has successfully laid over 600 Kms of Oil and Gas pipelines including steel and Medium-Density Polyethylene (“MDPE”) network in past 5 fiscals.

Further, they have increased the scale of their operations by adopting a strategy of expansion across regions and have strategically expanded to geographies where there is a demand for providing pipeline infrastructure and O&M services. They believe that the growth and development of their Company during the past years have been the result of their client centric approach and core competence in the field of pipeline infrastructure.

Likhitha Infrastructure – Business Classification

Their business operations can be broadly classified under the following heads:

PIPELINE INFRASTRUCTURE: Their pipeline infrastructure business comprises of undertaking projects for laying of pipelines in Cross- Country Pipeline projects as well as for setting up City Gas Distribution network and construction of associated facilities.

OPERATION & MAINTENANCE SERVICES: Their Company also provides Operations & Maintenance Services to CGD Companies. Their Operation and Maintenance (O&M) Services business includes management services for CGD networks, other repairs, modernization, scheduled shutdowns, as well as overhauling and maintenance of existing pipelines.

Operation & Maintenance activities involves deploying manpower and tools required for replacement of existing pipelines, emergency repair and maintenance, shifting and compressor hook up of pipelines with associated facilities.

Likhitha Infrastructure Business Process

Contracts are primarily awarded through “Competitive Bidding” Tender method based on combination of factors amongst which technical qualifications, proposed project team, schedule, past performance on similar projects, the bid amount are the major determining factors. The process requires each bidder to prequalify for the activities by meeting criteria that includes technical capabilities and financial strength.

Likhitha Infrastructure Limited: Business strategies

  • Continue to expand their operations
  • Further growth in their O&M services offerings
  • Retaining Skilled Manpower
  • Optimum Utilization of Resources
  • Continue to develop Client relationship and expand their Client base
  • Focus on Performance and Project Execution
  • Continue to focus on safety and environment standards

Likhitha Infrastructure Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
31-Mar-2031-Mar-19Mar-18
Total Assets10,085.618,457.396,722.91
Total Revenue16,279.0214,054.688,860.56
Total Expense13,602.4511,524.717,768.06
Profit After Tax1,987.931,785.51716.22

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
31-Mar-20Mar-1931-Mar-18
Basic & Diluted13.5912.214.90

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

  • Their revenue, as per the Restated Financial Statements was Rs.10805.98 Lakhs, Rs.8860.56 Lakhs, Rs.14054.68 Lakhs and Rs.7247.93 Lakhs for the Fiscals 2017, 2018, 2019 and for the period ended September 30, 2019 respectively.
  • Their PAT as per the Restated Financial Statements was, Rs. 790.45 Lakhs, Rs. 716.22 Lakhs, Rs. 1785.51 Lakhs and Rs. 777.76 Lakhs for the Fiscals 2017, 2018, 2019 and for the period ended September 30, 2019, respectively.

Likhitha Infrastructure IPO – Promoters

The Promoters of this company are:

  • SRINIVASA RAO GADDIPATI
  • LIKHITHA GADDIPATI

List of Related Parties (Key Managerial Personnel)

  • Santhosh Kumar Gunemoni, Company Secretary and Compliance Officer
  • Sekhar Narasimha Narahari, Chief Financial Officer
  • Sudhanshu Shekhar, Chief Executive Officer

Interest in promotion of the Company

Their directors namely, Mr. Srinivasa Rao Gaddipati, Ms. Likhitha Gaddipati, Mrs. Sri Lakshmi Gaddipati and Mr. Kutumbha Rao Gaddipati, being members of the promoter and promoter group of their Company, may be deemed to be interested in the promotion of their Company.

Interests of Promoter in property of their Company

Their directors have no interest in any property acquired or proposed to be acquired by their Company two (2) years prior to the date of this Draft Red Herring Prospectus.


Likhitha Infrastructure IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Up to 51,00,000 Equity Shares, aggregating up to Rs.[●] Lakhs
 Of which:
QIB PortionNot more than [●] Equity Shares of Rs.10 each
Non- Institutional portionNot less than [●] Equity Shares of Rs.10 each
Retail portionNot less than [●] Equity Shares of Rs.10 each
 Equity Shares outstanding prior to the Issue1,46,25,000 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Likhitha Infrastructure IPO Issue Object

These are the IPO Issue Objects of the company:

  • Meet the Working Capital Requirements;
  • Meet General Corporate Purposes;
  • And, meet Issue Expenses.

Likhitha Infrastructure Limited: Key Strength

  • They have a strong presence in India and significant experience
  • Efficient Business Model
  • Strong financial performance
  • Scalability of operations
  • Strong Project execution capabilities
  • Long term relationship with clients and repeat business
  • Highly experienced Management Team
  • Diverse fleet of sophisticated equipment

Likhitha Infrastructure IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Promoter and proficient management team.
  • Established track record in executing pipeline infrastructure projects and O & M Services
  • Long standing relationship with their customers
  • Low debt equity ratio

Likhitha Infrastructure IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-1815.9224.83%
31-Mar-1939.6843.16%
31-Mar-2013.5933.06%47.83
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.117 – Rs.120 to Rs.10 per Equity Share
ParticularsP/E ratio
Highest
Average
Lowest

Likhitha Infrastructure Limited: Competitive Peers

As on the date of this Draft Red Herring Prospectus, there are no listed companies in India which are engaged in the same line of business as their Company.


Likhitha Infrastructure IPO Lead Managers

Lead Managers
UNISTONE CAPITAL PRIVATE LIMITED
12, Floor no. 02, Shashank CHS Ltd,
Manmala Tank Road,
Near Starcity Cinema Mahim,
Mumbai 400 016, India.
Telephone: +91 9322997964
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Mr. Brijesh Parekh
Website: www.unistonecapital.com
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850

Likhitha Infrastructure IPO Registrar to Offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building
Opp. Vasant Oasis, Makwana Road
Marol, Andheri (East), Mumbai 400059, India.
Telephone: +9122 6263 8200
Facsimile: +9122 6263 8280
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Mr. Ashish Bhope
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534U6

Other Details:

  • Statutory Auditor – NSVR & Associates LLP
  • Legal Counsel to the Company – M/s Alliance Law
  • Bankers to the Company – [●]


Likhitha Infrastructure IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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Likhitha Infrastructure IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]

News 2 – Likhitha Infrastructure IPO  [Download RHP Prospectus]


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