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ITI Ltd FPO (ITI FPO) Detail

Jan 24, 2020 - Feb 5, 2020

Incorporated in 1950, Indian Telephone Industries Limited (ITI) is a Bengaluru based public sector company operating under the department of telecommunications. It has customers from diverse industries including defence, banks, telecommunications, financial institutions, information technology, and solar energy. The company has a wide product range; some of them are manufactured by in-house manufacturing units and some with other technology partners.

The product portfolio of the company includes optical and data network products, defence security encryption products, passive infrastructure products, multi-capacity encryption units, set-top boxes, smart energy meters, smart cards, and mini personal computers. Apart from this, the company also provides operation and maintenance of base transceiver stations (BTS), Aadhaar authentication services, National Population Register (NPR), annual maintenance contracts (AMC), and data centre hosting solutions.

Some of the famous Public Sector Units (PSUs) such as Bharat Broadband Network Limited (BBNL), Energy Efficiency Services Limited (EESL), Ministry of Rural Development (MORD), and Bharat Sanchar Nigam Limited (BSNL) are the customers of ITI Ltd. The company is also engaged in some government projects such as ASCON, BharatNet, Smart Energy Meters, and E-Governance Projects.

ITI Ltd has 5 manufacturing units located at Mankapur, Bengaluru, Palakkad, Naini and Raebareli. It also has an R&D center in Bengaluru. As on August 31, 2018, it had 3,427 employees.

Competitive Strengths
1. Diverse product and services range
2. Projects with major clients
3. Modernised technology, equipment and infrastructure

Company Promoters:

The President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 47,057.38 32,048.94 35,230.86 30,248.47
Total Revenue 18,116.17 20,887.16 17,903.11 6,640.29
Profit After Tax 2,305.64 2,663.91 2,372.18 (2,979.95)

Objects of the Issue:

The company proposes to utilise the net proceeds towards the following objects:

A. Funding working capital requirements of the Company;
B. Repayment of loans availed by the Company; and
C. General corporate purposes

ITI FPO Details

IPO DateJan 24, 2020 - Feb 5, 2020
Issue TypeBook Built Issue FPO
Issue Size181,800,000 Eq Shares of ₹10
(aggregating up to ₹1,399.86 Cr)
Fresh Issue180,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
IPO Price₹71 to ₹77 Per Equity Share
Market Lot150 Shares
Min Order Quantity150 Shares
Listing AtBSE, NSE
Market Cap (₹ Cr.)8307

ITI FPO Tentative Date / Timetable

Bid/Offer Opens OnJan 24, 2020
Bid/Offer Closes OnFeb 5, 2020
Finalisation of Basis of AllotmentJan 31, 2020
Initiation of RefundsFeb 3, 2020
Credit of Shares to Demat AcctFeb 4, 2020
IPO Shares Listing DateFeb 5, 2020

ITI FPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1150₹11,550
Maximum172550₹196,350

ITI FPO Promoter Holding

Pre Issue Share Holding89.97%
Post Issue Share Holding74.83%

IPO Notices

External Link

ITI FPO withdrawn

The Company in consultation with the Book Running Lead Managers to the Issue, has decided to withdraw the Issue, due to the prevailing market conditions.

ITI FPO Subscription Status (Bidding Detail)

ITI FPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

135,000,000

27,000,000

18,000,000

1,800,000

181,800,000

Feb 5, 2020 17:00

0.63x

0.23x

1.06x

0.98x

0.62x

ITI FPO Prospectus

ITI FPO Rating

968
3.7
Rating:Rated 3.7 stars

Vote Here ...

Company Contact Information

ITI Ltd
ITI Bhavan,
Doorvaninagar,
Bengaluru 560 016,

Phone: +91 80 2561 7486
Email: cosecy_crp@itiltd.co.in
Website: http://www.itiltd.in/

ITI FPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: itiltd.fpo@karvy.com
Website: https://karisma.karvy.com/

ITI FPO FAQs

  1. 1. What is ITI FPO?

    ITI FPO is a main-board FPO of 181,800,000 equity shares of the face value of ₹10 aggregating up to ₹1,399.86 Crores.

    The issue price of the FPO is ₹71 to ₹77 Per Equity Share. The minimum order quantity is 150 Shares per application and the offer type is Book Built Issue.

    The FPO opens on Jan 24, 2020 and closes on Feb 5, 2020.

    Karvy Computershare Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When ITI FPO will open?

    The ITI FPO opens on Jan 24, 2020 and closes on Feb 5, 2020.

  3. 3. How to apply for ITI FPO?

    ITI FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When ITI FPO allotment?

    The finalization of Basis of Allotment for ITI FPO will be done on Jan 31, 2020, and the allotted shares will be credited to your demat account by Feb 4, 2020. Check the ITI FPO allotment status.

  5. 5. When is ITI FPO listing date?

    The ITI FPO listing date is not yet announced. The tentative date of ITI FPO listing is Feb 5, 2020.
  6. 6. What is the lot size of ITI FPO?

    ITI FPO lot size is 150 Shares and the minimum order quantity is 150 Shares.

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ITI FPO Review / Comments

nagabhyrava prathap choudary
174. nagabhyrava prathap choudary  Mar 12, 2020 12:38
ss
bangadgopallal
173. bangadgopallal  Mar 11, 2020 16:46
110 sbi card Gmp in in which city. Please let me know.
amit K singh
172. amit K singh  Mar 8, 2020 18:12
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Thank God it's canceled, it's available in 68.
NILESH DOSHI
171. NILESH DOSHI  Feb 26, 2020 12:42
MY SBI BANK NOT RELEASE HOLD AMOUT PLS LET ME KNOW WHAT IS THE PROCEDURE FOR REMOVING HOLD AMOUNT I VISIT IN BANK MANY TIME NO ONE HAVE ANY ANSWER PLS HELP
KMB
170. KMB  Feb 16, 2020 19:21
I apply through net banking, how will home branch will resolve my problem, it should be to registrar of issue that is Karvey
KMB
169. KMB  Feb 15, 2020 20:36
My AS BAD APPLICATION FROM BANK OF BARODA STILL NOT REMOVE HOLD, PL GUIDE WHERE TO LODGE COMPLAINT
Paymzia
169.1. Paymzia  Feb 16, 2020 08:39
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Ask your bank home brach where your bank account there
KMB
168. KMB  Feb 15, 2020 20:36
My AS BAD APPLICATION FROM BANK OF BARODA STILL NOT REMOVE HOLD, PL GUIDE WHERE TO LODGE COMPLAINT
DHAMU
167. DHAMU  Feb 10, 2020 14:55
ITI fpo when money will be refunded? my money is still blocked now it`s been 15 days.please tell me anybody know about this.
Dr. Jan Itor
166. Dr. Jan Itor  Feb 6, 2020 00:41
Congratulations to small retail investors. Let this be a lesson to govt. Leave something on the table for RIIs.
ganesh jaiswal
166.5. ganesh jaiswal  Feb 6, 2020 10:28
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Money still blocked in ASBA, not yet released by bank
tnk
166.6. tnk  Feb 8, 2020 11:17
@Oldfox,
In Ìrctc, unknowingly the whole table itself was given away, instead of leaving something on the table... now issuer will be double cautious in pricing future offerings.
Rkg
165. Rkg  Feb 6, 2020 14:11
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Money unlocked.
But still the question remains....
How to withdraw an ASBA backed application, without referring to the bank?
Dr. Jan Itor
165.1. Dr. Jan Itor  Feb 7, 2020 15:10
In net banking there is an option to cancel or edit your bid till some time limit. This is there in netbanking sites/apps of most banks.

For UPI you can approach the broker if there is no option on his online platform. When he modifies/cancels you will get a modify/revoke mandate on your UPI app that you need to approve.
Rkg
165.2. Rkg  Feb 7, 2020 15:43
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks Dr Itor. In IOB Internet banking for ASBA ,there is no provision for modification etc. If anybody is having relevant information please share.
Pls. let me know , complete process for modification/withdrawal of ASBA backed appln. through registrar/ lead manager etc.
C L Prajapati
164. C L Prajapati  Feb 7, 2020 11:01
By when amount blocked on ABSA will be credited back to my account as it is 7th /feb today as IPO withdrawn.
Bullbear
163. Bullbear  Feb 7, 2020 09:11
All promoters fpo or ofs try to rob public with high premium. How the target of rs. 2 lac cror disinvestment will be met this way?
Siva mallam
162. Siva mallam  Feb 6, 2020 12:39
What a waste of time and energy on this issue , Entire January gone with no IPO I cant see any IPO in February as well .
Just playing with IRCTC everyday.
prasadsehi
161. prasadsehi  Feb 6, 2020 09:26
when it will be refund
harit
160. harit  Feb 6, 2020 08:07
IPO Guru IPO Guru (1400+ Posts, 2500+ Likes)
@admin
Please remove this page as no relevance now to discussing
small.investor
159. small.investor  Feb 5, 2020 21:34
The height is even employee quota was not fully subscribed.
MITTAL
158. MITTAL  Feb 5, 2020 18:20
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
सरकार के लिए शर्मनाक बात है। सभी को बधाई।
MUKESH K
157. MUKESH K  Feb 5, 2020 16:57
When money will be unblocked.
hchc
156. hchc  Feb 5, 2020 15:48
ITI FPO WITHDRAWN
amit K singh
156.1. amit K singh  Feb 5, 2020 16:30
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Grt.. Investors money is saved...
Carn Mohan
155. Carn Mohan  Feb 5, 2020 16:13
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Fail ho gaya ha ha ha
₹25 ka ₹ 72 pay sell karrahatha.






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