ncorporated in 1998, Likhitha Infrastructure Ltd is an oil and gas pipeline infrastructure service provider in India. The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well. It is the first company that has executed the first Trans-National Cross Country Hydrocarbon Pipeline Project between India and Nepal.
With 20+ years of existence, it has spread its geographical presence across 16+ states and 2 Union Territories in India such as Delhi, West Bengal, Telangana, Gujarat, Andhra Pradesh, Madhya Pradesh, Bihar, Chandigarh, Haryana, Kerala, Orissa, Uttar Pradesh, etc. Company has a strong client base in India including both the private and public players such as ONGC, HCG, IndianOil, GAIL, etc.
Competitive strength
• Diversified geographical presence in India
• Strong client base
• Efficient business model
• Strong project execution capabilities
Company Promoters:
Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company.
Company Financials:
Summary of financial Information (Restated Consolidated) Particulars For the year/period ended (₹ in lakhs)
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|
| Total Assets | 10,085.61 | 8,457.38 |
| Total Revenue | 16,279.02 | 14,054.68 |
| Profit After Tax | 1,987.93 | 1,785.51 |
Objects of the Issue:
The net proceeds from the IPO will be used against following objectives;
• To meet the general working capital requirements of the business.
• To meet general corporate purposes.
• To meet IPO issue expenditures.
Likhitha Infrastructure IPO Details
| IPO Date | Sep 29, 2020 - Oct 1, 2020 |
|---|---|
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,100,000 Eq Shares of ₹10 |
| (aggregating up to ₹61.20 Cr) | |
| Fresh Issue | 5,100,000 Eq Shares of ₹10 |
| (aggregating up to ₹61.20 Cr) | |
| Face Value | ₹10 per equity share |
| IPO Price | ₹117 to ₹120 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
Likhitha Infrastructure IPO Tentative Date / Timetable
| Bid/Offer Opens On | Sep 29, 2020 |
|---|---|
| Bid/Offer Closes On | Oct 1, 2020 |
| Finalisation of Basis of Allotment | Oct 7, 2020 |
| Initiation of Refunds | Oct 8, 2020 |
| Credit of Shares to Demat Acct | Oct 9, 2020 |
| IPO Shares Listing Date | Oct 12, 2020 |
Likhitha Infrastructure IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹15,000 |
| Maximum | 13 | 1625 | ₹195,000 |
Likhitha Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 99.96% |
|---|---|
| Post Issue Share Holding | 74.11% |