Likhitha Infrastructure IPO
Likhitha Infrastructure IPO — date, price band, lot size & details 2020
Likhitha Infrastructure listed on 15 Oct 2020 at ₹130, 8.3% above the ₹120 issue price.
Likhitha Infrastructure lays oil and gas pipeline networks and provides operation and maintenance services to city gas distribution companies. Its total income was Rs 162.79 crore in FY2020.
Stock price
Likhitha Infrastructure is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 29 Sep 2020
- Close 07 Oct 2020
- Allotment 12 Oct 2020
- Refund/credit 13 Oct 2020
- Listing 15 Oct 2020
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Sep to 7 Oct, 2020 |
|---|---|
| Price Band | ₹116 – ₹120 |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹61.2 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 125 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹15,000 |
| Retail (max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (min) | 67 | 8,375 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 88.61 crore in FY2018 to Rs 162.79 crore in FY2020.
- 02Profit after tax rose from Rs 7.16 crore in FY2018 to Rs 19.88 crore in FY2020.
- 03Total borrowing was only Rs 2.35 crore on 31 March 2020.
- 04Its order book was about Rs 66,258.97 lakh on 31 July 2020.
- 05It has laid over 600 km of pipelines in the past 5 fiscals.
Risks · 6
- 01It is a small company, and the whole issue was only Rs 61.20 crore.
- 02Its order book of Rs 66,258.97 lakh may not all turn into revenue on time.
- 03Pipeline projects tie up working capital, and Rs 47.00 crore of the issue was set aside for it.
- 04EBITDA was Rs 31.22 crore in FY2020, close to Rs 29.97 crore in FY2019, so profit growth slowed.
- 05All its work depends on oil and gas and city gas spending across 16 states.
- 06Promoters held 99.96% before the issue and 74.11% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Likhitha Infrastructure offer document.
| Metric | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|
| Assets | 100.86 | 84.57 | 67.23 |
| Total Income | 162.79 | 140.55 | 88.61 |
| Profit After Tax | 19.88 | 17.86 | 7.16 |
| EBITDA | 31.22 | 29.97 | 12.70 |
| NET Worth | 69.96 | 50.31 | 32.43 |
| Reserves and Surplus | 55.33 | 45.81 | 27.93 |
| Total Borrowing | 2.35 | 9.85 | 13.91 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹61.20 Cr of the issue is earmarked to named objects.
About the company
It works on cross country pipeline projects, city gas distribution projects, and operation and maintenance services for city gas distribution companies. Its clients are established public and private sector oil and gas companies.
It has laid over 600 km of oil and gas pipelines in the past 5 fiscals and was laying about 800 km more for ongoing projects. It has worked in more than 16 states and 2 union territories, and its order book was about Rs 66,258.97 lakh on 31 July 2020.
The IPO was Rs 61.20 crore and was entirely fresh issue. The money was planned for working capital and general corporate purposes.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Likhitha Infrastructure IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Unistone Capital
17 issues handled (15 mainboard, 2 SME)Best listing: Sigachi Industries (+249.7%). Weakest: Fabtech Technologies (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Likhitha Infrastructure?
The current Grey Market Premium is ₹7.5, or 6% over the issue price.
What is the Likhitha Infrastructure IPO price band?
₹116 to ₹120, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 October 2020, with listing on 15 October 2020.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
