ITI Ltd FPO Message Board (Page 3)

Pricing is very high fair value near Rs 25
Look past fpos very strong companies like ONGC, PFC, REC, all are trading in huge discount.
Current price is only artificial for FPO.

80 Now.

RII still wants to invent in this. Interesting.

If the price is lowered to 72/- it will heavily subscribe

Doubt:
Whenever a PSU IPO/ FPO fails, LIC would buy, if LIC IPO fails, who will buy?
????????????

Yeah LIC will be real king Kong if listed!! Size of ipo will be more than 1 lakh crore, if 10% of LIC is divested!!! Wondering if this much liquidity will be there in the system for this size ipo!!!

@RJ Only, Govt has almost sold most of the PSUs.. and now trying to cut the duck that yields golden egg.

Considering the order book value and networth of the company, by 2021 ITI may get Mini Nav Ratna status. As per as the undersubscribed QIB quota is concerned, wait till 5th Feb.

What's great about a Ratna status? Do you know maharatna companies like ongc, ntpc, coal India,bhel... are trading at trading at their life time low. Investors wealth is eroded by 90%. Then who cares about a mini?

@Amitji, Your point is very true. i am also in considerable loss and trapped in NALCO and NLC... Atleast got dividend so far.. now that also taxable.. Govt is trying to draw as much as possible from public.. just before CPSE ETF... If someone is not good enough to earn to run the family, just sell all the properties one by one and manage the expenses is the current trend. but how long?

Yesterday's budget on a lighter note:

Masala Dosa price slashed from Rs 50 to Rs 40 !!!!
But from now, there will be no chutney. Those who want chutney can buy it separately for just Rs 15 along with the 40 rupees Dosa.

The best part about this move is that it simplifies the whole process and provides flexibility to customers. Earlier, even those who ate only dosa without chutney had to pay Rs 50, but now they can eat only dosa for 40.


Waise Sambhar ka aur extra lagega????
A WIN WIN SITUATION FOR ALL.????????????

There is no change in tax rates thus no increase in tax burden as per existing slab with exemption benefit.

If some one is not availing housing loan, education loan and not utilizing full limit of 80C, 80D, 80TTA etc. shall get benefit in tax reduction due to new tax rates without exemption benefit. One may work out and then decide which to choose as it is optional.

best explanation to understand this budget so far. kya baat kya baat kya baat

Business in Mobile telephony is now saturated. ITI had made loss during that period. Now scenario in Telecom business is changed and ITI is major player in executing BBNL projects, Defence projects and many others which are long term turnkey projects with high revenue, they are less dependent on BSNL / MTNL.

Correct, business model of telecom industry has changed completely. Industry is moving towards software based solutions from hardware ones. Even international players like Cisco is feeling the heat.

applied 4 full retail applications. Will exit as soon FPO shares list and expecting a nominal 5% profit on the total amount. Hope I will achieve the target without much risk.

Cutoff or lower band Singh sir?

Lot size is 150 shares. How many lots you applied for 2500 shares ?

ITI Ltd's FPO has begun on 24th January. So, it has been only 6 working days; not 13 days.

As per my knowledge, the last FPO was by Engineers India Ltd in 2014 which the time period for which was 5 days.

24th Jan to 5th Feb, Total 13 days and 9 working days. Hope you will agree!!

First you try to cancel application online and if you are not getting any opinion to cancel it, call customer care or visit nearest branch

Call customer care or visit nearest branch. They may suggest you how to cancel the application

I apply through icici net banking what is process to cancel the bid please reply

Cancel through the same...

Seems this budget is nice for ITI, Rs 6,000 crore proposed for BharatNet project.

Dow cracked, bad news again for ITI, market may crack next week due to Corona virus fears.. Will it be extended again or get canceled?

My take is lead managers may not cancel the issue, they may opt to reduce the issue size to rs 1000cr. So that issue will subscribe more than mandatory 90% to sail through...

We wish to inform you that there is an ongoing banking strike in the country and as per the Regulation 142(3) of the 2018 SEBI ICDR Regulations which states that in case of any force majeure, banking strike or similar circumstance, the issuer may extend the issue period for a minimum of three working days. In accordance with Regulation 142(3) and keeping in mind the circumstances, the FPO Committee has decided to extend the Bid/ Issue Period by four Working days. The Bid/ Issue Closing date is now February 5, 2020. The Price Band will remain the same i.e. Floor Price of Rs. 71 per Equity Share and the Cap Price of Rs. 77 per Equity Share. We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

ITI will break all time record of most number of days an IPO/FPO to open!!! Already 13 days to open. Still counting...

Does anyone know who is the earlier record holder?

It appears that LIC has declined to board the bus! Perhaps BRLM thinks that the positive waves, if any, from the budget may help the issue sail through..

What would be cut off any expectations??

When you shop in a street market, haggle over the price, and walk away a few steps, you hear a shout from behind - "aree madam/sir, chalo, na mera na aapka... final offer..."

Looks like they will close the FPO only after the current market price has reached the offered price band!

QIB subscription reached to 59% today.

Taarekh pey Taareekh, Taarekh pey Taareekh kabh tak SEBI Saab ?