Bookbuilding FPO | ₹1,386 Cr | Listing at BSE, NSE | Fri, Jan 24, 2020 - Wed, Feb 5, 2020
ITI FPO is a book build issue of ₹1,386.00 crores. The issue is entirely a fresh issue of 18.00 crore shares of ₹1,386.00 crore.
ITI FPO bidding started from Jan 24, 2020 and ended on Feb 5, 2020. The allotment for ITI FPO was finalized on Jan 31, 2020. ITI FPO will list on NSE and BSE with a tentative listing date fixed as Feb 5, 2020.
ITI FPO is set issue price band at ₹71 to ₹77 per share. The lot size for an application is 150 shares. The minimum amount of investment required by an individual investor (retail) is ₹11,550 (150 shares) (based on upper price). The lot size investment for sNII is 18 lots (2,700 shares), amounting to ₹2,07,900, and for bNII, it is 87 lots (13,050 shares), amounting to ₹10,04,850.
BOB Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to ITI FPO RHP for detailed Information.
FPO Open
Fri, Jan 24, 2020
FPO Close
Wed, Feb 5, 2020
Price Band
₹71 to ₹77
Market Cap (Pre-IPO)
₹8,307.00 Cr
| IPO Date | 24 Jan to 5 Feb, 2020 |
| Listing Date | Wed, Feb 5, 2020T |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹77 |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 18,00,00,000 shares (agg. up to ₹1,386 Cr) |
| Fresh Issue | 18,00,00,000 shares (agg. up to ₹1,386 Cr) |
| Share Holding Pre Issue | 89,70,00,000 shares |
| Share Holding Post Issue | 1,07,70,00,000 shares |
ITI FPO comprises a total issue size of 18,18,00,000 shares. Out of which, 13,50,00,000 are allocated to QIB, 2,70,00,000 (15.00%) allocated to NII 1,80,00,000 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 13,50,00,000 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 13,50,00,000 | NA | |
| NII (HNI) Shares Offered | 2,70,00,000 | 14.85% | NA |
| Retail Shares Offered | 1,80,00,000 | 9.90% | 1,20,000 |
| Total Shares Offered | 18,18,00,000 | 100.00% |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹11,550 |
| Retail (Max) | 17 | 2,550 | ₹1,96,350 |
| S-HNI (Min) | 18 | 2,700 | ₹2,07,900 |
| S-HNI (Max) | 86 | 12,900 | ₹9,93,300 |
| B-HNI (Min) | 87 | 13,050 | ₹10,04,850 |
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
| Period Ended | 30 Sep 2019 | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|---|
| Assets | 4,661.76 | 4,663.76 | 4,705.74 | 3,204.89 |
| Total Income | 603.40 | 2,004.84 | 1,811.62 | 2,088.72 |
| Profit After Tax | -54.40 | 92.54 | 230.56 | 266.39 |
| Reserves and Surplus | 1,265.63 | 896.70 | 867.84 | 499.35 |
| Amount in ₹ Crore | ||||
The ITI FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
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 is a main-board FPO of 18,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,386 Crores. The issue is priced at ₹71 to ₹77. The minimum order quantity is 150.
The FPO opens on Fri, Jan 24, 2020, and closes on Wed, Feb 5, 2020.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ITI FPO using UPI as a payment gateway. Zerodha customers can apply in ITI FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ITI FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ITI FPO opens on Fri, Jan 24, 2020 and closes on Wed, Feb 5, 2020.
ITI FPO lot size is 150, and the minimum amount required for application is ₹11,550.
You can apply in ITI FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for ITI FPO will be done on Friday, January 31, 2020, and the allotted shares will be credited to your demat account by Tue, Feb 4, 2020. Check the ITI FPO allotment status.
The ITI FPO listing date is not yet announced. The tentative date of listing is Wed, Feb 5, 2020.
