IPO investors are being spoilt for options as September witnessed the launch of several IPOs. An interesting name in the mix is Likhitha Infrastructure Limited. With its IPO launching on September 29, 2020, here is all you need to know about the issue.
You can apply for Likhitha Infrastructure IPO on Groww easily via UPI. Go to IPO ( login to your account). There you would be able to see the list of all open IPOs. Select Likhitha Infrastructure IPO and click on ‘Apply’. You would be able to invest in this IPO on 29th September 2020.
Read More: Steps to Invest in IPO on Groww
Companies | Type | Bidding Dates | |
Regular | Opens 06 Nov | ||
Regular | - | ||
Regular | - | ||
Regular | - | ||
Regular | - |
IPO Date | September 29, 2020 to October 01, 2020 |
Issue Type | Book Built Issue IPO |
Issue Size | 5,100,000 Equity Shares of Rs.10 (totaling up to Rs.61.20 Crore) |
Fresh Issue | 5,100,000 Equity Shares of Rs.10 (totaling up to Rs.61.20 Crore) |
Face Value | Rs.10 per equity share |
IPO Price | Rs.117 to Rs.120 per equity share |
Market Lot | 125 Shares |
Min Order Quantity | 125 Shares |
Listing At | BSE, NSE |
Bid/Offer Launch date | September 29, 2020 |
Bid/Offer Last date | October 01, 2020 |
Basis of Allotment finalization date | October 07, 2020 |
Initiation of Refunds | October 08, 2020 |
Credit of Shares to Demat Acct | October 09, 2020 |
IPO Shares Listing Date | October 12, 2020 |
Likhitha Infrastructure Limited is an Oil and Gas pipeline infrastructure provider in India. It was established in the year 1988 and has been engaged in the same line of business since its inception. The company has been focused on laying pipeline networks, construction of associated facilities, and providing Operations & Maintenance services to the City Gas Distribution (CGD) Companies in India. The three primary business lines across which the operations of the company are spread are:
The client base of the company comprises of some established players from the Oil and Gas industry from the public and private sectors. With a presence in more than 16 states and 2 union territories in India, the company has laid more than 600 kilometers of pipelines including steel and MDPE (medium-density polyethylene) over the last five years. For on-going projects, the company has laid around 800 kilometers of oil and gas pipelines. It has also increased the scale of its operations and expanded to geographies where the demand for pipeline infrastructure is growing.
In 2019, the company executed a 10.75” OD x 69 kilometers petroleum product pipeline for the first-ever trans-national cross-country pipeline of South-East Asia connecting India to Nepal for the supply of petroleum products.
Likhitha Infrastructure Limited proposes to utilize the net proceeds from this issue towards funding the following objects:
Here is a quick look at some important information about Likhitha Infrastructure Limited:
as on 31-Mar-20 | as on 31-Mar-19 | as on 31-Mar-18 | |
Total Assets | 10,085.61 | 8,457.39 | 6,722.91 |
Total Income | 16,279.02 | 14,054.68 | 8,860.56 |
Total Expenses | 13,602.45 | 11,524.71 | 7,768.06 |
Profit After Tax | 1,987.93 | 1,785.51 | 716.22 |
All amounts in INR lakhs
Summing Up
If you are looking at gaining exposure to the Oil and Gas Infrastructure industry, then the Likhitha Infrastructure IPO can be considered. Before you invest, ensure that you read through the company’s financials and the Red Herring Prospectus (RHP) carefully.
Happy Investing!