Likhitha Infrastructure Rs 61.2-crore IPO To Open On Sept 29; Price Band Fixed

Other than Mazagon Dock Shipbuilders and UTI ATM, oil and gas pipeline infrastructure service provider Likhitha Infrastructure is also set to open its IPO issue for subscription next week. The public issue comprises fresh issue of up to 51 lakh shares. The price band has been fixed at Rs. 117-120 per share.

Likhitha Infrastructure Rs 61.2-crore IPO To Open On Sept 29; Price Band Fixed

Investors can bid for a lot of 125 equity shares or in multiples thereof, implying minimum investment of Rs. 14625 for subscribing to the issue.

Unistone Capital Private Limited is the book running lead manager and Bigshare Services Private Limited is the registrar to the issue.

The proceeds from the issue will be put towards meeting working capital requirements for tapping the growing demand from the oil and gas sector, and for other general corporate purposes.

From listing gains perspective, analyst view Mazagon Dock and UTI AMC as decent picks.

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