|issue price||RS. 71 to 77 per share|
|Lot Size||150 Shares|
|Issue opens on||Jan 24, 2020|
|Issue close on||Feb 5, 2020|
ITI Limited was established as a departmental factory in 1948 and is now a public sector undertaking in the telecommunications technology segment. ITI also has a dedicated Network System Unit for executing turnkey projects for installation and commissioning of telecommunication networks.
The company has manufacturing facilities in many cities such as Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R&D and Corporate Office in Bengaluru with 25 Marketing, Services & Projects (MSP) centers in India, which are located at Bengaluru, Bhubaneshwar, Chennai, Hyderabad, Mumbai, Kolkata, Lucknow, New Delhi and 17 other places on a National level.
Through the acquisition of technology from strategic partners with a specific focus on high growth industry segments, the company intends to invest and upgrade in this field.
Company is diversifying towards IoT, Smart city, other allied telecom products, and services including small-scale project execution to offer solutions in different fields. Moreover, Encryption Products are the company’s forte.
1. Diversified suite of products, solutions, and services.
2. Projects with major clients all around the globe
3. Modernised technology, equipment, and infrastructure supply traded products (electronic and communication)
The President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India is the promoter of the company.
Summary of financial Information (Restated)
|Particulars||For the year/period ended (₹ in Million)|
|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 Date||Jan 24, 2020 – Feb 5, 2020|
|Issue Type||Book Built Issue FPO|
|Issue Size||181,800,000 Eq Shares of ₹10 |
(aggregating up to ₹1,399.86 Cr)
|Fresh Issue||180,000,000 Eq Shares of ₹10 |
(aggregating up to ₹[.] Cr)
|Face Value||₹10 Per Equity Share|
|IPO Price||₹71 to ₹77 Per Equity Share|
|Market Lot||150 Shares|
|Min Order Quantity||150 Shares|
|Listing At||BSE, NSE|
|Market Cap (₹ Cr.)||8307|
ITI FPO IPO Tentative Date / Timetable
|Bid/Offer Opens On||Jan 24, 2020|
|Bid/Offer Closes On||Feb 5, 2020|
|Finalisation of Basis of Allotment||Jan 31, 2020|
|Initiation of Refunds||Feb 3, 2020|
|Credit of Shares to Demat Acct||Feb 4, 2020|
|IPO Shares Listing Date||Feb 5, 2020|
ITI FPO IPO Lot Size and Price (Retail)
ITI FPO IPO Promoter Holding
|Pre Issue Share Holding||89.97%|
|Post Issue Share Holding||74.83%|
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 IPO Subscription Status (Bidding Detail)
ITI FPO IPO how much subscribed?
|No. of Times Issue Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Feb 5, 2020 17:00||0.63x||0.23x||1.06x||0.98x||0.62x|
|ITI FPO IPO Prospectus|
|ITI FPO DRHP|
|ITI FPO RHP|
ITI FPO IPO Review
|ITI Ltd FPO – IPO Review|
|Company Contact Information|
Bengaluru 560 016,
Phone: +91 80 2561 7486
|ITI FPO IPO Registrar|
|Karvy Computershare Private Limited|
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
|ITI FPO IPO Lead Manager(s)|
|BOB Capital Markets Limited|
ITI FPO IPO FAQs
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.
The ITI FPO listing date is not yet announced. The tentative date of ITI FPO listing is Feb 5, 2020.
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.
The ITI FPO opens on Jan 24, 2020 and closes on Feb 5, 2020.
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