InvestorQ : What is the Likhitha IPO about and when is it scheduled to hit the markets?
Dia Deshpande made post

What is the Likhitha IPO about and when is it scheduled to hit the markets?

Answer
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diksha shah answered.
1 month ago


With the recent successful listing of Happiest Minds and Route Mobile and the good response to CAMS and Chemcon, it is clear that most IPOs are trying to make hay while the sun is still shining. For now, at least, IPO wave appears to be unabated.

One more IPO on these lines is that of Likhitha Infrastructure which has set a price band of Rs.117-120 per share for its forthcoming IPO. The IPO of Likhitha Infrastructure will open on 29 September and close on 01 October, with both the days inclusive.

The IPO will consist of a fresh issue of 51 lakh shares amount to a total issue size of Rs.61 crore. It is surely small by current IPO market standards. The entire amount raised will be by way of a fresh issue and it will dilute the current capital by nearly 25%.

Above all, this IPO will be an acid test of how the market warms up to an infrastructure IPO, which have been few and far between. Likhitha lays pipeline networks and associated facilities. It also provides operations and maintenance services to gas distribution firms in various cities like Gujarat Gas, Indraprastha Gas and Mahanagar Gas etc.