Likhitha Infrastructure was incorporated on August 06, 1998. The company is an oil & gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with the construction of associated facilities; and providing operations & maintenance services to the city gas distribution companies in India
| Bidding Dates |
|---|
| 29 Sep 2020 - 07 Oct 2020 |
| Subscription |
|---|
| 9.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹15,000 | 1 | 13 | 125 | 5.1 M | ₹116 - ₹120 | 74.14 % | ₹591.6 M - ₹612.0 M | RHP DOC |
Likhitha Infra IPO SUBSCRIPTION STATUS
07 Oct '20Likhitha Infra IPO overall subscription rate was 9.51 times the total available shares
Likhitha Infra IPO retail subscription rate was 23.71 times in the retail segment
Likhitha Infra IPO non-institutional investor subscription rate was 1.54 times in the non-institutional investor category
Likhitha Infra IPO Qualified Institutional Bidder subscription rate was 21.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 Oct 2020 (Day 6) | 23.71x | 1.54x | 21.99x |
30 Sep 2020 (Day 2) | 7.47x | 3.2x | 0.03x |
01 Oct 2020 (Day 3) | 21.13x | 1.26x | 22.48x |
05 Oct 2020 (Day 4) | 23.9x | 1.27x | 22.48x |
06 Oct 2020 (Day 5) | 23.93x | 1.41x | 22.48x |
29 Sep 2020 (Day 1) | 1.63x | 0.04x | 0x |
Likhitha Infra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY20 | 198.8 | 1,612.4 | 191.5 | 176.2 |
| FY19 | 178.6 | 1,394.8 | 31.9 | 2.4 |
| FY18 | 71.6 | 870.8 | 40.2 | -60.4 |
Likhitha Infra IPO SUBSCRIPTION STATUS DETAILS
Likhitha Infra had 5.1 M shares on offer
Likhitha Infra IPO offer price was in the range ₹116 - ₹120
Likhitha Infra IPO minimum Investment was ₹15000
Likhitha Infra IPO issue size was ₹ 591.6 M - ₹ 612.0 M
Likhitha Infra had a minimum lot size of 125 Shares per application
Likhitha Infra NUMBER OF SHARES ON OFFER
Likhitha Infra IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2020 |
| Issue close Date | 07 Oct 2020 |
| Allotment Date | 12 Oct 2020 |
| Refund Date | 13 Oct 2020 |
| Demat Account Credit Date | 14 Oct 2020 |
| Listing Date | 15 Oct 2020 |
| Listing on Exchange(s) | NSE and BSE |
| Likhitha Infra Allotment Status | Exchange |
Likhitha Infra IPO subscription opened on 29 Sep 2020, and closed on 07 Oct 2020
IPO allotment for Likhitha Infra was finalized on Monday, 12 Oct 2020
IPO listing for Likhitha Infra was on NSE and BSE on Thursday, 15 Oct 2020
Likhitha Infra IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 130.0 |
| Listing Close Price | 136.5 |
| Listing Gain% | 8.3% |
| Current Gain% | 269.9% |
Likhitha Infra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Likhitha Infrastructure Ltd. | 221.9 | 437.8 | 22.3 | -0.5 | 1.9 | 9.5 | 8.5 | 461.1 | -12.2 | 39.2 | -43.5 | 9.9 | -43.5 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Likhitha Infra IPO Reports
Likhitha Infra INFORMATION ON IPO ISSUE
About Likhitha Infra
Likhitha Infrastructure was incorporated on August 06, 1998. The company is an oil & gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with the construction of associated facilities; and providing operations & maintenance services to the city gas distribution companies in India
Object of the Issue
- To meet the general working capital requirements of the business
- To meet general corporate purposes
- To meet IPO issue expenditures
Likhitha Infra - PROMOTERS
| Name |
|---|
| Srinivasa Rao Gaddipati |
| Likhitha Gaddipati |
Likhitha Infra Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
Likhitha Infra Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Likhitha Infra Strengths
Strong presence in India
One of the well-established oil & gas pipeline infrastructure companies in India with diversified operations spread across various Geographical regions such as Karnataka, Delhi-NCR, West Bengal, Gujarat, Goa, Andhra Pradesh, Kerala, Tamil Nadu, Telangana, Madhya Pradesh, Jharkhand, Bihar, Chandigarh, Haryana, and Uttar Pradesh
Efficient business model
The growth is largely attributable to an efficient business model which involves careful identification and assessment of the project with emphasis on cost optimization which is a result of executing projects with careful planning and strategy
Strong financial performance
The company strives to maintain a strong financial position with emphasis on having a strong balance sheet and increased profitability
Likhitha Infra Risks
Outstanding legal proceedings
There are certain outstanding legal proceedings pending against the company, promoters, and directors
Dependent on few clients
Business is dependent on a few clients and the loss of, or a significant reduction in purchase orders from such clients could adversely affect business and financials
IPO FAQs
Likhitha Infrastructure Ltd. IPO listing opened at Rs 130.00 while the issue price was Rs 120.00 giving 8.33% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 60.00 giving 269.88% gains since its IPO listing.
The promoters of the company are Srinivasa Rao Gaddipati and Likhitha Gaddipati.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 116.0 - 120.0.
The IPO application opens on Sep 29, 2020 and closes on Oct 07, 2020.
The minimum lot size for the IPO is 125. The maximum lot size for the IPO is 1625.
For all category investors, the minimum application amount for this IPO is Rs. 15,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Oct 12, 2020.
The refund will be credited to your account on Oct 13, 2020.
The allotted shares will be credited to your demat on Oct 14, 2020.
Likhitha Infrastructure Ltd.’s shares listed on the stock exchanges on Oct 15, 2020.