The Rs 61 crore preliminary public providing (IPO) of Likhitha Infrastructure will open for subscription on Tuesday, i.e. September 29, 2020. The share providing of the oil & gasoline pipeline infrastructure service supplier will likely be open for 3 buying and selling days, from September 29 to October 1, 2020. The shares of Likhitha Infrastructure are more likely to be listed on the BSE and NSE, on October 12.
The corporate has mounted the worth band of the share providing at Rs 117-Rs 120 per share. It plans to boost Rs 61.20 crore on the greater finish of the worth band.
The preliminary public providing consists of a recent situation of as much as 51 lakh fairness shares, representing 25.86 per cent of the corporate’s publish situation paid-up fairness capital. The IPO proceeds will likely be utilised in direction of working capital necessities and for common company functions.
Buyers can bid for a minimal one lot of 125 shares and in multiples thereof, as much as a most of 13 tons.
Unistone Capital is the lead supervisor of the IPO and Bigshare Companies is the registrar.
Likhitha Infrastructure is an oil & gasoline pipeline infrastructure service supplier, laying pipeline networks and offering operations and upkeep providers to metropolis gasoline distribution corporations throughout the nation. Srinivasa Rao Gaddipati and Likhitha Gaddipati are the promoters of Likhitha Infrastructure.
The Likhitha Infrastructure IPO would be the eleventh this yr, after SBI Card, Rossari Biotech, Mindspace Enterprise Parks REIT, Happiest Minds Applied sciences, Route Cellular, Compute Age Administration Companies, Chemcon Speciality Chemical compounds, Angel Broking, UTI AMC and Mazagon Dock Shipbuilders.