Likhitha
Infrastructure Ltd incorporated in 1998,
is an oil & gas pipeline infrastructure service provider in India, focused
on laying pipeline networks along with the construction of associated
facilities. The company also provides Operations & Maintenance (O&M)
services to the City Gas Distribution (CGD) Companies in the county. In the
last 5 years, the company has laid over 600 km of oil and gas pipelines
including steel and Medium-Density Polyethylene (MDPE) networks. The company
has its presence in over 16 states and 2 Union Territories.
Here are
some quick details about this offer:
Issue period: 29 Sep 2020 to 1 October 2020
IPO Size: Rs.61.2 cr
Price band: Rs.117-120
Bid lot: 125 shares
Retail Category: Not
less than 35% of the net offer
Likhitha
Infrastructure Ltd has Net Sales / Revenue of ₹ 87.00 Cr &
Net Profit of ₹7.0 Cr in FY2018 ; Net Sales / Revenue of ₹139.00 Cr &
Net Profit of ₹18.00 Cr
in FY2019 and Net Sales / Revenue of ₹161.00 Cr
& Net Profit of ₹20.00 Cr in FY2020.
We have valued the Price of each share
based on EPV method and its comes at X64.10 of its FY2020 earnings. Likhitha Infrastructure Ltd ‘s share is being
offered at Huge Premium to its FY2020 Earnings at the highest offer price of
Rs.145.00, which is justified with its High RoE of 28.4 in FY2020 ( 35.5 FY2019) and ROCE of 27.7.
Source : Various Media Reports and RHP of
the company.
Disclaimer : We are
/ may going to take exposure shortly.
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Data
Source | NSE Website | Screener.In | Capital Line |
Money Control |
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tends, hoping to gauge good avenues of return based on Fundamental Valuations
of Stocks, a follower of EPV method. You
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