Likhitha Infrastructure IPO is an oil and gas pipeline infrastructure service provider in India and is all set to make a debut in the stock market with an issue size of 61.2 Cr.
Likhita Infrastructure IPO– Overview
| Likhita Infrastructure IPO Issue Date | 29th Sept- 7th oct 2020 |
| Likhita Infrastructure IPO Opening Date | 29th Sept 2020 |
| Likhita Infrastructure IPO Face Value | INR 10 per share |
| Likhita Infrastructure IPO Price | INR 120 per share |
| Likhita Infrastructure IPO Lot Size | 125 Shares |
| Issue Size | 61.2 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE. |
| QIB Shares Offered | 21.99 times |
| NII (HNI) Shares | 1.54 times |
| Company Promoters | Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company. |
IPO Tentative Dates
| LIKHITHA INFRASTRUCTURE IPO opening date | 29 Sept 2020 |
| LIKHITHA INFRASTRUCTURE IPO closing date | 7 Oct 2020 |
| Basis of Allotment | 12 Oct 2020 |
| Initiation of Refunds | 13 Oct 2020 |
| The credit of Shares to Demat | 14 Oct 2020 |
| LIKHITHA INFRASTRUCTURE IPO Listing Date | 15 Oct 2020 |
Industry Overview.
The oil and gas sector are among the eight core industries in India and plays a major role in influencing decision-making for all the other important sections of the economy. India’s economic growth is closely related to energy demand; therefore, the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment. The Government of India has adopted several policies to fulfill the increasing demand. The government has allowed 100 percent Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products, and refineries, among others. Today, it attracts both domestic and foreign investment, as attested by the presence of Reliance Industries Ltd (RIL) and Cairn India. Gas pipeline infrastructure in the country stood at 16,226 km at the beginning of February 2019. The government of India is planning to invest Rs 70,000 crore (US$ 9.97 billion) to expand the gas pipeline network across the country.
Company Overview
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.
IPO-Objectives
- To meet the general working capital requirements of the business.
- To meet general corporate purposes.
- To meet IPO issue expenditures.
LIKHITHA INFRASTRUCTURE IPO- Financial Statements
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 10,085.61 | 8,457.38 | 6,722.91 |
| Total Revenue | 16,279.02 | 14,054.68 | 8,860.56 |
| Profit After Tax | 1,987.93 | 1,785.51 | 716.22 |
Strengths
- Likhitha has a strong presence in India with a significant experience.
- Diversified geographical presence in India.
Weakness
- The contracts entered into by the company are usually standard in nature and may contain terms that favor its clients, which may enable them to terminate the contracts prematurely under various circumstances beyond its control.
- The contracts entered into by the company are usually standard in nature and may contain terms that favor its clients, which may enable them to terminate the contracts prematurely under various circumstances beyond its control.
Company Contact Information
Likhitha Infrastructure Ltd
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 40-23752657
Email: info@likhitha.in
Website: http://www.likhitha.co.in/
Likhitha Infrastructure IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
