39 C
Friday, May 20, 2022

Likhitha Infrastructure IPO: plans to raise 61.2 crores. Know the Price, Launch Date, and Other Details Here

Likhitha Infrastructure is an oil and gas pipeline infrastructure services company, located in Hyderabad, Telangana. The private listed company has an authorized share capital of 20,00,00,000 crores of which 14,62,50,000 crores are paid-up share capital. Now the company wants to further issue 51,00,000 Equity Shares of face value Rs. 10.00 each to raise an additional share capital of Rs 61.20 crore through the Initial Public Offering.

Price and Launch Date of the Likhitha’s IPO

Recently the company announced that its Initial Public Offering (IPO) will open for subscription from 29th September and continue for three days, ending on the 1st of October 2020. The book running lead manager of the IPO is Unistone Capital. The company also announced a fixed price band for the IPO issue, where each share will be available between Rupees 117 to 120.

Great opportunity of earning in the market next week, 2 companies including UTI AMC

Likhitha Infrastructure also clarified that the minimum lot size for the issue will be 125 shares or it’s multiples thereof. The maximum number of shares one can grab at this issue is 1625. This means that an investor will have to spend a minimum amount of between 14625 to 15000 to get their hands on the issue. The shares of the initial offering will be listed on both the National Stock Exchange as well as the Bombay Stock Exchange.

Share Breakup Pre- and Post-Issue

In Likhitha Infrastructure IPO, the company will issue 51 lakh fresh equity shares whose face value will be Rs.10 per share. If this public issue is completely subscribed then the infrastructure company will be able to raise a capital of Rs. 61,20,00,000. This means that the company is offering a 25.86 percent shareholding of the total paid-up share capital post issue.

UTI AMC launched the IPO for Rs. 3,000 crores. SBI, LIC, Bank of Baroda to sell their stake

Other Important Dates related to the Issue

Once the subscription of shares is winded up the company will start finalizing the basis of allotment and this process will be completed by 7th October 2020. By the 8th of October, the company will issue all the refunds related to the issues that are not allotted any shares. On the other hand, the shares issued will be credited to the investors in their Demat accounts by October 9th. By the 12th of October, all the newly issued shares will be listed on recognized Stock Exchanges.

The Objective of the Issue

According to the official statement issued by the company, it needs additional funds for three main purposes. The funds raised through the Initial Public Offering (IPO) will be utilized to meet the working capital requirements and General Corporate purposes of the company along with taking care of the Issue Expenses of this IPO.

CAMS and CAMCON’s last chance to invest in IPO missed so far

Likhitha Infrastructure is one of the top Pipeline Laying companies in India with its operations spread across more than 10 states in the country. The infrastructure company is also the first execution company from India to execute the first-ever Trans-National Hydrocarbon (Multi-product) Pipeline Project between India and Nepal. With the additional funds procured from the public issue, the company will finance the growing demand in the oil and gas sector.

Camcon IPO: Chemical manufacturing company, has also opened from today & Chemcon Specialty Chemicals IPO

IPO: Allotment, a new entry from listing, next few days in IPO market

Business Khabar
Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -