Likhitha Infrastructure IPO Details

Likhitha Infrastructure IPOLikhitha Infrastructure IPO description – Likhitha Infrastructure is 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. Its client base comprises of established players in the Oil and Gas Industry, both in public and private sector. The company has presence (including past operation) in more than 16 states and 2 Union Territories in India. The company has successfully laid over 600 km of Oil and Gas pipelines including steel and Medium-Density Polyethylene (MDPE) network in past 5 years.

Additionally, the company has laid approximately 800 km of Oil and Gas pipelines for on-going projects. Further, it has increased the scale of operations by adopting a strategy of expansion across regions and has strategically expanded to geographies where there is a demand for providing pipeline infrastructure and O&M services. The company has 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.

Promoter of Likhitha Infrastructure – Mr Srinivasa Rao Gaddipati and Ms Likhitha Gaddipati

Likhitha Infrastructure IPO details
Subscription Dates 29 September – 7 October 2020 (IPO closing date extended) 
Price Band INR116 – 120 per share (revised from INR117-120 per share)
Fresh issue 5,100,000 shares (INR59.67 – 61.20 crore)
Offer For Sale Nil
Total IPO size 5,100,000 shares (INR59.67 – 61.20 crore)
Minimum bid (lot size) 125 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Likhitha Infrastructure’s financial performance (in INR crore)

FY2018

FY2019

FY2020

Revenue

88.6

140.5 162.8
Expenses

77.7

115.2

136.0

Net income

7.2

17.9

19.8

Net margin (%)

8.1

12.7

12.2

Likhitha Infrastructure Contact Details

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

Likhitha Infrastructure Contact Details

Likhitha Infrastructure Limited
Flat No. 701, Plot No.8-3-940 and 8-3-940/A to E, Tirumala Shah Residency, Yellareddy Guda,
Ameerpet, Hyderabad-500073
Phone: +91 40 2375 2657
Email: [email protected]
Website: www.likhitha.co.in

Valuation of Likhitha Infrastructure (as of FY2020)

Earnings Per Share (EPS): INR13.59
Price/Earnings (PE ratio): 8.61 – 8.83
Return on Net Worth (RONW): 33.06%
Net Asset Value (NAV): INR47.83 per share

Likhitha Infrastructure IPO Subscription Details

Category Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2 Day 3 Day 4 Day 5

Day 6

QIB

2,550,000

0.02 0.03 0.45 22.48 22.48

21.99

NII

765,000

0.85 3.20 5.39 1.27 1.41

1.54

Retail

1,785,000

2.49 7.44 21.13 23.90 23.93

23.71

               
Total

5,100,000

1.01 3.10 8.43 9.40  9.50 

9.51 

Likhitha Infrastructure IPO Analyst Reviews

Choice Broking – Avoid
Elite Wealth – Avoid
Capital Market – 45/100

Likhitha Infrastructure IPO Allotment Status

Likhitha Infrastructure IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing Performance of Likhitha Infrastructure

IPO Opening Date: 29 September 2020
IPO Closing Date: 7 October 2020 (IPO closing date extended)
Finalisation of Basis of Allotment: 12 October 2020
Initiation of refunds: 13 October 2020
Transfer of shares to demat accounts: 14 October 2020
Listing Date: 15 October 2020
Opening Price on NSE: INR130 per share (up 8.33% from IPO price) 
Closing Price on NSE: INR136.5 per share (up 13.75% from IPO price)

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