Likhitha Infrastructure is coming out with an initial public offering (IPO) to raise around Rs 61.20 crore. The issue will open on September 29, 2020 and will close on October 01, 2020. It has fixed a price band of Rs 117-120 per share. The shares of the company are proposed to be listed on both BSE and NSE.
The proceeds of the IPO will be utilized by the company towards its working capital requirements so as to capitalize on the growing demand from oil and gas sector, and for general corporate purposes. Unistone Capital is the book running lead manager to the issue.
Likhitha Infrastructure is an oil and gas pipeline infrastructure service provider in India. The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well.
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