Likhitha Infrastructure IPO: Should you subscribe?

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.

Likhitha Infrastructure – Company Info

Likhitha

Likhitha Infrastructure Limited is a Public incorporated on 06 August 1998. It is classified as Non-govt company and is registered at Registrar of Companies, Hyderabad. Its authorized share capital is Rs. 200,000,000 and its paid-up capital is Rs. 45,000,000. It is involved in the building of complete constructions or parts thereof; civil engineering

Likhitha Infrastructure 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. Their operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of PNG/PNG services.

Proceeds from the IPO will be used:

  • To meet business working capital requirements
  • To meet the general corporate purposes
  • To meet IPO issue expenditures

Likhitha Infrastructure IPO Dashboard

Issue Details
ItemValue
Issue Size61.2 Cr
Face Value10/- per Equity Share
IPO Price117 – 120
Lot Size125
Minimum Lots1
Maximum Lots13
Lot Size and Price
LotsSharesAmount
112515,000
1316251,95,000
Key Dates
Date TypeDate
Bid Open29/09/2020
Bid Close07/10/2020
Allotment Finalization12/10/2020
Initiation of Refunds13/10/2020
Credit of Shares14/10/2020
Listing Date15/10/2020
Promoter Holding
HoldingPercentage
Pre-Issue99.96%
Post-Issue74.11%
Investor Quota and Shares Offered
Investor TypeQuotaShares on Offer
QIB1%51,000
NII64%32,64,000
RII (Retail)35%17,85,000
Total100%51,00,000
Day-Wise Subscription Status
DayDay 1Day 2Day 3
QIB21.99x
NII1.54x
RII (Retail)23.71x
Total9.51x

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