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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.

Company profile:-

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.

 

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Summary Of Issue:

Issue Open: – 24-Jan-2020 to 05-Feb-2020
Issue Type FPO
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 [  ]
Total [  ]

 

Issue break-up

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:-

  1. To Check ITI Limited Allotment Status
  2. Go to Application Status
  3. Select IPO as ITI Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

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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Financials:- 

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For More Details Contact us 011-42445800 / 9650901058

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