IPO Status: Withdrawn [24th Jan 2020 to 5th Feb 2020]
Incorporated Year: 1950
ITI LTD FPO opens on 24th Jan 2020 and closes on 05th Feb, 2020. Price band for IPO is ₹71 – ₹77 per share and lot size 150. Due to low subscription, issue closing date further extended from 31st Jan 2020 to 5th Feb 2020. IPO withdrawn as its under subscribed after extension also.
Headquartered in Bangalore, India. Indian Telephone Industries (ITI) Limited is a central-government owned telecom equipment manufacturer and supplier. ITI offers a complete range of telecom products & solutions including switching, transmission, access and subscriber premises equipment.
Initially, the company started their operations with manufacturing of mobile infrastructure equipment based on code division multiple access (CDMA) and global system for mobile (GSM) technology. But over the period, ITI Ltd has substantially expanded their product and service portfolio.
In 2003-04, ITI added new products i.e. BSNL Network, Managed Leased Line Network, CDMA based fixed wireless terminal and mobile terminal, Digital Loop Carrier SDH. Further, it entered into IT segment by introducing products such as Smart Card based Pay Phones, Info Kiosk, Narrow Brand Remote Access Servers, Info Kiosk, MPLS Routers. Later, in 2004-05, it started manufacturing of GSM-BTS, CDMA based IFWT and SIM Cards. In 2005-06, it added Edge TRU, DLC Broadband, SSTP, Conversion Kits, New Generation STM-DTH, ADSL-DSKAM. They further inducted Power Distribution Automation Projects and Energy Saving Devices. Thereafter, added many new products such as GSM, IFWT, SDH, NGN, ADSL, G-PON.
Company serves telecom equipment and services to government agencies, defence and telecom service providers. The company has six manufacturing facilities situated in Naini, Bengaluru, Mankapur, Pakkad, Rae Bareli and Srinagar. It also has 1 R&D centre in Bengaluru and 25 Marketing, Services & Projects (MSP) centers in India.
ITI has tie-ups with France, Alcatel, and NKT, Denmark for undertaking manufacturing of switching equipment and technical equipment whereas it had tie-up with NEC, Japan to manufacture digital microwave equipment. Further, it has joint venture agreements with ISL and Valvas, namely IT Communications Pte Ltd, Singapore and has collaboration agreement with Gieseck Devrient, Tejas Network and Tekelec. It also has strategic alliances with Mahindra British Telecom, MTNL, Red Point Telecom, M/s Alcatel-Lucent, and M/s Huawei.
Latest update on ITI Ltd IPO Subscription.
|Details||Qualified Institutional Buyers (QIB)||Non Institutinol Investors (NII)||Retail Individual Investors (RII)||Employees||Total|
|Day 1 - Jan 24, 2020 17:01||0.05x||0.00x||0.18x||0.03x||0.06x|
|Day 2 - Jan 27th, 2020 17:01||0.05x||0.01x||0.50x||0.18x||0.09x|
|Day 3 - Jan 28th, 2020 17:01||0.49x||0.16x||0.92x||0.65x||0.49x|
|Day 4 - Jan 29th, 2020 17:01||0.49x||0.16x||0.94x||0.70x||0.49x|
|Day 5 - Jan 30th, 2020 17:01||0.49x||0.16x||0.98x||0.79x||0.49x|
|Day 6 - Jan 31st, 2020 17:01||0.59x||0.17x||1.05x||0.87x||0.58x|
|Day 7 - Feb 3rd, 2020 17:01||0.59x||0.17x||1.02x||0.89x||0.57x|
|Day 8 - Feb 4th, 2020 17:01||0.59x||0.17x||1.01x||0.92x||0.57x|
|Day 9 - Feb 5th, 2020 15:01||0.63||0.20x||1.05x||0.97x||0.61x|
ITI Ltd IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|ITI Ltd Issue Details||Values|
|IPO Issue Type||Book Built Issue FPO|
|IPO Issue Size||₹1,308.96 Cr. - 1,399.86 Cr.|
|Fresh Issue||180,000,000 Eq Shares|
|Face Value||₹10 Per Equity Share|
|IPO Issue Price||₹71 to 77|
|Market Lot||150 Shares|
|Min Retail Qty||150 Shares|
|Max Retail Qty||2550 Shares - 17 Lot|
|Promoter Holding Pre IPO||89.97%|
|Promoter Holding Post IPO||74.83%|
|IPO Listing At||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|135,000,000||27,000,000||18,000,000||1,800,000||181,800,000||1||24th Jan 2020 17:02||0.05x||0.00x||0.18x||0.03x||0.06x||2||27th Jan 2020 17:02||0.05x||0.01x||0.50x||0.18x||0.09x||3||28th Jan 2020 17:02||0.49x||0.16x||0.92x||0.65x||0.49x||4||29th Jan 2020 17:02||0.49x||0.16x||0.94x||0.70x||0.49x||5||30th Jan 2020 18:02||0.49x||0.16x||0.98x||0.79x||0.49x||6||31st Jan 2020 17:02||0.59x||0.17x||1.05x||0.87x||0.58x||7||3rd Feb 2020 17:02||0.59x||0.17x||1.02x||0.89x||0.57x||8||4th Feb 2020 17:02||0.59x||0.17x||1.01x||0.92x||0.57x||9||5th Feb 2020 17:02||0.63x||0.23x||1.06x||0.98x||0.62x|
Past performance and financial results of ITI Ltd.
|ITI IPO Financials||31-Mar-2018||31-Mar-2017||31-Mar-2016|
|Total Assets||₹4705.74 Cr||₹3204.89 Cr||₹3523.09 Cr|
|Total Income||₹1811.62 Cr||₹2088.72 Cr||₹1790.31Cr|
|Total Expense||₹1581.05 Cr||₹1822.32 Cr||₹1553.09 Cr|
|Net Profit/Loss||₹230.56 Cr||₹266.39 Cr||₹237.22 Cr|
In this section we have covered all important dates related to ITI Ltd IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||24th Jan 2020|
|IPO Issue Close Date||5th Feb 2020|
|Basis of Allotment Finalisation Date*||10th Feb 2020|
|Refunds Initiation*||10th Feb 2020|
|Credit of Shares to Demat Account*||13th Feb 2020|
|IPO Listing Date*||14th Feb 2020|
* - Tentative Dates
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ITI Ltd IPO Draft Prospectus >>Document
ITI Ltd IPO Red Herring Prospectus >>Document
ITI Ltd IPO Allotment Status >>ITI Ltd IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2020-02-19T22:47:13+00:00
Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe ITI Ltd IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase ITI Ltd IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply ITI Ltd IPO with Zerodha.
Alternate approch to apply in ITI Ltd IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in ITI Ltd IPO, you can use the following methods:
|ITI Ltd IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in ITI Ltd IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online are providing you access to applying in ITI Ltd IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in ITI Ltd IPO. Max syndicate bank provide you access to apply in ITI Ltd IPO via ASBA process. You must have your net banking access, DP ID information to apply in ITI Ltd IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in ITI Ltd IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in ITI Ltd IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download ITI Ltd IPO application online and submit to nearest bank or to your broker. With new mandate from SEBI all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply ITI Ltd IPO, please refer article >> Link
Steps to download the online application form for ITI Ltd IPO
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ITI Ltd IPO is going to be list on 14-02-2020. NSE Code for ITI Ltd is ITI. BSE Code for ITI Ltd is 523610.
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