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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

Issue OpenJan 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
Issue 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

KMB
171. KMB  Feb 16, 2020 20:21 I Like It. | I Don't Like It. | Report Abuse Reply
I apply through net banking, how will home branch will resolve my problem, it should be to registrar of issue that is Karvey
KMB
170. KMB  Feb 15, 2020 21:36 I Like It. | I Don't Like It. | Report Abuse Reply
My AS BAD APPLICATION FROM BANK OF BARODA STILL NOT REMOVE HOLD, PL GUIDE WHERE TO LODGE COMPLAINT
Paymzia
170.1. Paymzia  Feb 16, 2020 09:39 I Like It. | I Don't Like It. | Report Abuse
Ask your bank home brach where your bank account there
KMB
169. KMB  Feb 15, 2020 21:36 I Like It. | I Don't Like It. | Report Abuse Reply
My AS BAD APPLICATION FROM BANK OF BARODA STILL NOT REMOVE HOLD, PL GUIDE WHERE TO LODGE COMPLAINT
DHAMU
168. DHAMU  Feb 10, 2020 15:55 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
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
167. Dr. Jan Itor  Feb 6, 2020 01:41 I Like It. 5 | I Don't Like It. | Report Abuse Reply
Congratulations to small retail investors. Let this be a lesson to govt. Leave something on the table for RIIs.
ganesh jaiswal
167.5. ganesh jaiswal  Feb 6, 2020 11:28 I Like It. | I Don't Like It. | Report Abuse
Money still blocked in ASBA, not yet released by bank
tnk
167.6. tnk  Feb 8, 2020 12:17 I Like It. 1 | I Don't Like It. | Report Abuse
@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
166. Rkg  Feb 6, 2020 15:11 I Like It. 1 | I Don't Like It. | Report Abuse Reply
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
166.1. Dr. Jan Itor  Feb 7, 2020 16:10 I Like It. 1 | I Don't Like It. | Report Abuse
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
166.2. Rkg  Feb 7, 2020 16:43 I Like It. | I Don't Like It. | Report Abuse
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
165. C L Prajapati  Feb 7, 2020 12:01 I Like It. 1 | I Don't Like It. | Report Abuse Reply
New Member New Member
By when amount blocked on ABSA will be credited back to my account as it is 7th /feb today as IPO withdrawn.
Bullbear
164. Bullbear  Feb 7, 2020 10:11 I Like It. 1 | I Don't Like It. | Report Abuse Reply
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
163. Siva mallam  Feb 6, 2020 13:39 I Like It. 1 | I Don't Like It. 1 | Report Abuse Reply
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
162. prasadsehi  Feb 6, 2020 10:26 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
when it will be refund
harit
161. harit  Feb 6, 2020 09:07 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 2200+ Likes)
@admin
Please remove this page as no relevance now to discussing
small.investor
160. small.investor  Feb 5, 2020 22:34 I Like It. 1 | I Don't Like It. | Report Abuse Reply
New Member New Member
The height is even employee quota was not fully subscribed.
MITTAL
159. MITTAL  Feb 5, 2020 19:20 I Like It. 10 | I Don't Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
सरकार के लिए शर्मनाक बात है। सभी को बधाई।
MUKESH K
158. MUKESH K  Feb 5, 2020 17:57 I Like It. 3 | I Don't Like It. | Report Abuse Reply
When money will be unblocked.
hchc
157. hchc  Feb 5, 2020 16:48 I Like It. 9 | I Don't Like It. 7 | Report Abuse Reply
ITI FPO WITHDRAWN
amit K singh
157.1. amit K singh  Feb 5, 2020 17:30 I Like It. 6 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
Grt.. Investors money is saved...
Carn Mohan
156. Carn Mohan  Feb 5, 2020 17:13 I Like It. 3 | I Don't Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Fail ho gaya ha ha ha
₹25 ka ₹ 72 pay sell karrahatha.
VickyMehta
155. VickyMehta  Feb 5, 2020 16:21 I Like It. 1 | I Don't Like It. 3 | Report Abuse Reply
LIC has to prepare itself for its mega-IPO, so Government is unable to force it to buy the remaining under-subscribed quantity of FPO.
VickyMehta
154. VickyMehta  Feb 5, 2020 13:09 I Like It. 1 | I Don't Like It. | Report Abuse Reply
I am not cancelling, but revising my bid from cutoff to Rs. 72. Hope that LIC bids for same price.
CLD
154.2. CLD  Feb 5, 2020 13:28 I Like It. | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
if subscription is less than one time then it will be allotted at 71 only. for retailers it is always better to subscribe at cut off if one wants to get shares allotted
VickyMehta
154.3. VickyMehta  Feb 5, 2020 16:19 I Like It. | I Don't Like It. | Report Abuse
I don't want to get the shares if it is allocated at 77. Tomorrow itself more likely it will come down to 77. You can buy easily from open market at 77 with such a bad response in FPO.
hchc
153. hchc  Feb 5, 2020 15:55 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Bidding time extended for QIB & HNI till 5pm ....
Seems ITI desperately wants FPO to sail through ....
KRR
152. KRR  Feb 5, 2020 15:43 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Dear members,
What will be the expected listing date for this?



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