Likhitha Infrastructure IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 29/09 - 07/10
Issue Size ₹61.2 Cr
Issue Price ₹117 - 120
Market Lot 125 Shares
Shares on Offer 5,100,000
Registrar Bigshare Services
GMP ₹8 - 10
Kostak ₹300
Subject to Sauda N/A
Listing Date 12 Oct 2020
Listing Price ₹130
Listing Gain% 8.33

About Likhitha Infrastructure Limited

Likhitha were established in the year 1998 and engaged in current line of business since inception. Their Company is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services. Their operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of CNG/PNG services.

Their Company is being promoted by Mr. Gaddipati Srinivasa Rao, a technocrat having vast technical experience of over 3 decades in the field of laying of Cross-Country Pipeline of hydrocarbons and City Gas Distribution Projects. With his sound knowledge, vision and leadership skills, he has changed and taken the Company to new heights. The company is providing the best of service in the Oil & Gas transmission sector with timely execution and international quality. Their Promoter is the guiding force behind the successful execution of their business strategies over the years.

They are one of the top Pipeline Laying companies in India and having 20+ years of vast experience in the field with diversified operations spread across several geographical regions in the state of Karnataka, Delhi, West Bengal, Gujarat, Andhra Pradesh, Telangana, Kerala, Madhya Pradesh, Jharkhand, Bihar, Chandigarh, Haryana, Orissa and Uttar Pradesh. They are proud to be the first execution company from India to execute the first ever Trans-National Hydrocarbon (Multi-product) Pipeline Project between India and Nepal. They are presently working with all major PSU’s and CGD companies all over India.

Their Company was certified with ISO 9001:2015 by International Certification Services Pvt Ltd for specialization in the field of Design, Construction of Cross-country pipelines, City Gas Pipelines and Civil Constructions.

They have successfully executed many projects from inception and still working for those clients. They believe that they are one of the few Pipeline Infrastructure Companies having excellent track record of timely execution of projects in all the business areas with quality & customer satisfaction.

Their Company is managed by a team of experienced personnel. The team comprises of personnel having technical, operational and business development experience. They believe that their management team’s experience and their understanding of the industry enable us to continue to take advantage of both current and future market opportunities. They take pride in relating their success to their employees for their consistent efforts and dedication they have shown towards their Company.

Their core strength lies with their own assets.

Company Promoters

Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company.

Objects of the Issue:

The net proceeds from the IPO will be used against following objectives;

  1. To meet the general working capital requirements of the business.
  2. To meet general corporate purposes.
  3. To meet IPO issue expenditures.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 8,457.38 6,722.91 5,108.74
Total Revenue (In ₹ Millions) 14,054.68 8,860.56 10,805.98
Profit After Tax (PAT) (In ₹ Millions) 1,785.51 716.22 790.45

Likhitha Infrastructure Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 29 Sep 2020 0.02 0.85 2.49 0.57
Day 2 - 30 Sep 2020 0.03 3.20 7.47 3.11
Day 3 - 01 Oct 2020 22.48 1.26 21.13 8.43
Day 4 - 05 Oct 2020 22.48 1.27 23.90 9.40
Day 5 - 06 Oct 2020 22.48 1.41 23.93 9.50
Day 6 - 07 Oct 2020 21.99 1.54 23.71 9.51

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Likhitha Infrastructure Limited IPO FAQs

  1. When will Likhitha Infrastructure Limited IPO open?

    Likhitha Infrastructure Limited IPO will open on 29/09 and close on 07/10.

  2. What is the listing date of Likhitha Infrastructure Limited IPO?

    Likhitha Infrastructure Limited IPO will list on 12 Oct 2020.

  3. What is the offer price of Likhitha Infrastructure Limited IPO?

    The offer price of Likhitha Infrastructure Limited IPO is ₹117 - 120.

  4. What is the lot size of Likhitha Infrastructure Limited IPO?

    The lot size of Likhitha Infrastructure Limited IPO is 125.

  5. What is the Grey Market Premium (GMP) price of Likhitha Infrastructure Limited IPO?

    The Grey Market Premium (GMP) price of Likhitha Infrastructure Limited IPO is ₹8 - 10.

  6. What is the Kostak price of Likhitha Infrastructure Limited IPO?

    The Kostak price of Likhitha Infrastructure Limited IPO is ₹300.

  7. What is the Subject to Sauda price for Likhitha Infrastructure Limited IPO?

    The Subject to Sauda price for Likhitha Infrastructure Limited IPO is Not Available at the moment.

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