Incorporated on January 25, 1950, ITI Limited (ITI) is a public sector company under the Department of Telecommunications (DoT) with 7 decades of experience in telecommunications technology. ITI caters to a wide customer base across various industry segments like Telecommunications, Defence, Information Technology, Banks, Financial Institutions and Solar Energy.The ITI FPO is scheduled for Jan 24, 2020 with a price band of Rs.(Rs. 72-77) per equity share. The lot size of applying the IPO is for 150 shares.
The company was incorporated as Indian Telephone Industries Pvt. Ltd. as a PSU on January 25, 1950 at Bengaluru. It became a deemed public limited company with effect from July 1, 1975. It is under the administration of the DoT under the Ministry of Communications. It has one joint venture, India Satcom Ltd, in which it owns 49.06% of its outstanding equity share capital as on date. The Government of India (GoI) currently owns 89.97% of the Company’s outstanding share capital.
ITI’s diverse products, services and solutions portfolio has helped them forge relationships with its customers including Public Sector Units (PSUs) like Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL), Energy Efficiency Services Limited (EESL), Bharat Broadband Network Limited (BBNL); the Ministry of Defence (MoD), the Ministry of Rural Development (MORD), the Registrar General of India and certain other Government agencies.
Company Products And Brand Overview:-
The company offers a diverse suite of products and services including:
• Defence encryption products and services;
• MLLN and STP solutions;
• Transmission and terminal end products and solutions;
• Optical and data network products and services like GPON technology and passive infrastructure products for
telecommunications including OFC and HDPE pipes;
• IT products and services including hosting solutions and data centre as well as financial and banking software
services including Aadhaar authentication, and digital wallet services;
• Electronics and digital products like smart energy meters, smart cards, solar panels, set-top boxes, mini
personal computers, 3D printing, security surveillance products and radio modems;
• High reliability electronic contract manufacturing services;
• IoT related products and solutions; and
• Annual maintenance contracts for defence and telecommunications networks.
Summary Of Issue:
|Issue Open: –||24-Jan-2020 to 05-Feb-2020|
|No. of shares:||181,800,000 Equity Shares|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 72 – 77 Per Equity Share|
|Market lots||150 Shares|
|Issue size:||RS 1308.96 Cr – 1399.86 Cr|
|Listing At||BSE, NSE|
Objects Of The Issue:-
|Objects||Amount (₹ In Cr)|
|Funding working capital requirements of the company||642.48|
|Repayment of loans of the company||607.29|
|General Corporate Purposes||[ ]|
|Category||Allocation||Number of Shares||Rs in Cr.|
|Qualified Institutional Buyers (QIB)||75%||135,000,000||972.00 – 1,039.50|
|Non Institutional Buyers(NIB)||15%||27,000,000||194.40 – 207.90|
|Retail Individual Buyers(RIB)||10%||18,000,000||129.60 – 138.60|
|Employee||.1,800,000||.12.96 – 13.86|
|Total||100%||181,800,000||1308.96 – 1399.86|
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Important dates for ITI Limited Allotment
ITI Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for IRCTC Limited IPO are:
- The Allotment date for ITI issue is expected on *,2020
- The amount will get unblocked on *,2020
- The Shares are expected to credit in DP accounts on *,2020
- The Shares of ITI is likely to get listed on *,2020 on both BSE and NSE.
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Check ITI FPO Allotment Status
ITI allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
It takes little time to fetch information so you need to be little patient.
Download “ITI Limited” IPO Application Form
From BSE: click here
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