Likhitha Infrastructure has set the price band of its initial public offering (IPO) at ₹117-₹120 per share.
The IPO consisting of a fresh issue of up to 51,00,000 equity shares, representing 25.86% of the post-issue shareholding, is expected to raise up to ₹61.2 crore. Issue will be open from September 29 to October 1.
The firm is into laying of pipeline networks and construction of associated facilities besides providing operations and maintenance services to city gas distribution firms.
The proceeds will be used to meet working capital needs, amid the growing demand for its services and for general corporate purposes, the firm said.
A letter from the Editor
Dear reader,
We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.
Support Quality Journalism
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
