Likhitha Infrastructure Ltd IPO Details

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%