• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
  • Login
Upgrade
My Uttarpradesh
  • Home
  • Uttar Pradesh
  • India
    • National
    • State News
  • Tech
    • App News
  • Education
  • Entertainment
  • Lifestyle
    • Fashion & Beauty
    • Health & Fitness
    • Food
      • Recipes
    • Photography
  • Others
    • Auto
    • Finance/Money
    • Astrology
    • Science
    • Agriculture
    • Science
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • Uttar Pradesh
  • India
    • National
    • State News
  • Tech
    • App News
  • Education
  • Entertainment
  • Lifestyle
    • Fashion & Beauty
    • Health & Fitness
    • Food
      • Recipes
    • Photography
  • Others
    • Auto
    • Finance/Money
    • Astrology
    • Science
    • Agriculture
    • Science
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
My Uttarpradesh
No Result
View All Result
Home Finance/Money

Likhitha Infrastructure set to open IPO on September 29, 2020

My UP Desk by My UP Desk
September 24, 2020
in Finance/Money
0
Share on FacebookShare on Twitter
  • Price Band of Rs. 117- Rs. 120 per Equity Share
  • Issue shall remain open from September 29, 2020 to October 01, 2020.
  • Minimum Bid Lot is 125 Equity Shares and in multiples of 125 Equity Shares thereafter
  • Shares to be listed on BSE and NSE
  • Unistone Capital is the Book Running Lead Manager to the Issue
  • Key Strengths:
  • Strong financial performance:For Fiscal 2020- low Debt- Equity Ratio of 0.01:1 and EPS of Rs. 13.59.For the last 3 Fiscals-Avg.ROCE over 45% andAvg.RONW over 24%
  • Long term relationship with clients and repeat business from leading City Gas Distribution (“CGD”) Companies
  • Significant experience and strong presence in India
  • Strong project execution capabilities and experienced management team

Likhitha Infrastructure Limited, a Hyderabad-headquartered Oil and Gas Pipeline Infrastructure service provider, has announced the price band of Rs. 117- Rs. 120 for its initial public offering. The IPO will open on Tuesday, September 29, 2020, and close on Thursday, October 01, 2020.

Unistone Capital Private Limited is the Book Running Lead Manager to the issue.

You Might Also Like

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

PayRup, India’s Fastest Payment app is launched

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

The IPO consists of fresh issue of upto 51,00,000 Equity Shares representing 25.86% of the post issue shareholding; expecting to raise a total amount uptoRs. 61.20 crore. The proceeds of the IPO will be utilised by the Company towards its working capital requirements so as to capitalise on the growing demand from Oil and Gas sector, and for general corporate purposes.

The Company is led by Mr. Srinivasa Rao Gaddipati, a first-generation entrepreneurwith around three decades of technical experience and co-promoted byhis daughter, Ms. Likhitha Gaddipati who has attained a Master’s degree from Illinois Institute of Technology and professional experience in USA. The Company has over two decades of experience in laying of pipeline networks alongwith construction of associated facilities, as well as providing operations & maintenance services to leading City Gas Distribution (“CGD”) Companies in India.

The Company has executed the first Trans-National Cross-Country Pipeline of South-East Asia connecting India to Nepal. Its projects are spread across over 16 states and 2 Union Territories in India and has successfully laid over 600 Kms. of Oil and Gas pipelines including steel and Medium-Density Polyethylene (“MDPE”) network in past 5 fiscals. Additionally, the Company has laid approximately 800 kms of Oil and Gas pipelines for on-going projects. The Company has a strong client base consisting of leading gas distribution companies in India including both the private and public players anda strongOrder Book (i.e. the unexecuted portion of the much larger total contract value) of approximately Rs. 663 crore as on July 31, 2020.

For the Financial Year 2019-20, the Company clocked a Total Revenue of Rs. 162.79 crores, an EBIDTA of Rs. 31.22 crores, Profit After Tax of Rs.19.87 crores, and Operating Cash Flow of Rs. 19.15 crores. For the Financial Year 2019-20, the Company’s efficiency ratios are: Avg. ROCE (%) of 58.53%, Avg. RONW (%) of 33.06%, EPS (Rs. per share) of 13.59, Working Capital (Days) of 31.30 days, PAT margin(%) of 12.21% and EBIDTA margin (%) of 19.18%.

Indian Government has been working on a fever pitch to expand oil and gas infrastructure across the country. The country is targeting US$ 100 billion worth investment in gas infrastructure by 2022 and aims to add another 228 cities to the gas distribution (CGD) network. This would include setting up RLNG terminals, pipeline projects, completion of the gas grid and setting up of CGD network in more cities.The government has adopted several policies to fulfil the increasing demand such as, allowing 100 per cent Foreign Direct Investment (FDI) in upstream and private sector refining projects and planning to invest Rs 70,000 crore (US$ 9.97 billion) to expand the gas pipeline network across the country. At the same time, Natural gas demand from the power sector is expected to be driven, not only by the shortage of domestic coal supply and the rising cost of its substitute i.e. imported coal but also by increased domestic gas supply and power sector reforms, including those aimed to meet sustainable development goals.(Source: https://www.ibef.org/industry/oil-gas-india.aspx ) 

Note: Capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Red Herring Prospectus (“RHP”) dated September 17, 2020. 

Disclaimer: Likhitha Infrastructure Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the RHP with Registrar of Companies Telangana at Hyderabad on September 17, 2020. The RHP shall be available on the website of the SEBI at www.sebi.gov.in, the website of the BRLM to the Issue at www.unistonecapital.com and websites of BSE and NSE i.e. www.bseindia.com and www.nseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled “Risk Factors” beginning on page 31 of the RHP. Potential investors should not rely on the DRHP for making any investment decision.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable U.S. state securities laws. There will be no public offering in the United States and the securities being offered in this announcement are not being offered or sold in the United States.

Previous Post

Kingston Technology Top DRAM Module Supplier in 2019

Next Post

It is possible to save tax while filing I-T Return with TaxBuddy.com

My UP Desk

My UP Desk

Related Posts

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru
Finance/Money

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

by My UP Desk
June 15, 2023
PayRup, India’s Fastest Payment app is launched
Finance/Money

PayRup, India’s Fastest Payment app is launched

by My UP Desk
January 9, 2023
Finance/Money

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

by My UP Desk
December 15, 2021
Finance/Money

Ezeepay to Launch Doorstep Digital Services in Rural Area

by My UP Desk
June 17, 2021
Finance/Money

A Beacon Of Hope For Entrepreneurs via Taxation help: Neha Nagar, Leading Financial Content Creator

by My UP Desk
May 12, 2021
Next Post

It is possible to save tax while filing I-T Return with TaxBuddy.com

IDT celebrates World Tourism Day at Surat Airport

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

M Plus Beats Unveils ‘Koi Apna Nahi Hota’ – The Heartbreak Anthem of the Season

M Plus Beats Unveils ‘Koi Apna Nahi Hota’ – The Heartbreak Anthem of the Season

September 23, 2023
World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

September 22, 2023
Grand launch of Toni&Guy flagship branch in Ahmedabad

Grand launch of Toni&Guy flagship branch in Ahmedabad

September 22, 2023
The LaLiT New Delhi Hosts Heads of States from Japan and Canada during the G20 Summit

The LaLiT New Delhi Hosts Heads of States from Japan and Canada during the G20 Summit

September 15, 2023
Toshita Gabhane wins Miss Fabb Nagpur, Sayali Ashtankar wins Mrs Fabb Nagpur and Rahul Hathibed wins Mr Fabb Nagpur 2023

Toshita Gabhane wins Miss Fabb Nagpur, Sayali Ashtankar wins Mrs Fabb Nagpur and Rahul Hathibed wins Mr Fabb Nagpur 2023

September 13, 2023

Browse by Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • Uttar Pradesh
  • World

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • Uttar Pradesh
  • World

Browse by Tag

Ahmedabad Artificial intelligence Bengaluru Blockchain technology Content Creator Cryptocurrency CSIR DBT DeFi aggregators DeFi and NFT navigation tool DeFi industry DeFi spaces Delhi Department of Biotechnology DeSpace platform DeSpace Protocol Digital Marketing Dr. Jitendra Matlani Dr. Sandeep Marwah DST Dubai Education entrepreneur environment Fairplay Gujarat Healthcare Hyderabad IIT Delhi Influencer Influencerquipo K Raheja Corp Homes MoES Mumbai Music Industry NFT Noida photography PM Pune Sandeep Marwah social media social media influencer Surat TTK Prestige

Recent Posts

  • M Plus Beats Unveils ‘Koi Apna Nahi Hota’ – The Heartbreak Anthem of the Season
  • World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award
  • Grand launch of Toni&Guy flagship branch in Ahmedabad
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 My Uttar Pradesh

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 My Uttar Pradesh

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?