Everything You Need to Know About Likhitha Infrastructure IPO

Likhitha Infrastructure is in the business of laying oil and gas pipelines and also provides operation and maintenance services. The company operates across 3 verticals Cross Country Pipelines and associated facilities, city gas distribution including CNG Stations, and operation & maintenance of CNG/PNG services.

The IPO consists of fresh issuance of up to 51,00,000 equity shares, The company expects to raise around Rs 60 crore.

For more information, you can refer to the IPO Prospectus filed by the company.

Indicative Timetable

Event Date
Issue Period 29th Sep 2020 - 01st Oct 2020
Price Range 117 - 120
Minimum Bid Quantity 125
Finalisation of Allotment 7th Oct 2020
Initiation of Refunds 8th Oct 2020
Credit of Shares 9th Oct 2020
Listing 12th Oct 2020
Mandate end date 18th Oct 2020

How do I apply for the Likhitha Infrastructure IPO?

You can apply for the Likhitha Infrastructure IPO on Console using any supported UPI app .

Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more .

The stock seems to be promising but for the long term perspective. You don’t expect listing gains but surely the will give 20% in the coming one year.