Indian Telephone Industries

Indian Telephone Industries (ITI) Limited FPO Details

Indian Telephone Industries  Limited FPO period Jan 24 to Jan 28:

Indian Telephone Industries (ITI) Limited launched in 1950, in Bengaluru. It is a public sector company, and it managed by the telecommunications department. The company also entered into the public through its IPO, in both BSE and NSE. At present, the company likes to introduce its new shares through FPO. The subscription will open on Jan 24 and it will close on Jan 28, 2020. 

Indian Telephone Industries FPO Details:

Bid Period Jan 24 to Jan 28, 2020
IPO Type Book Built Issue FPO
IPO Size
Fresh Issue 180,000,000 Eq shares of Rs 10 (aggregating up to Rs cr)
Face Value Rs 10 Per Eq Share
Issue Price Rs 72 to Rs 77 Per Eq Share
Market Lot 150 shares
Minimum Order Quantity 150 shares
Listing At BSE, NSE

It is a Book Built Issue type Follow on Public Offer. The fresh issue of the NFO is 180,000,000 equity shares. The issue face value of Rs 10 per equity share. Furthermore, the FPO value around Rs 72 to Rs 77 per share at the subscription period. Moreover, the minimum order quantity and the market lot is 150 share.

Promoter Holdings:

The President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India is the promoter of the company.

Pre Issue Share Holdings 89.97%
Pre Issue Share Holdings. 
The company plans to raise Rs 1,400 crore through this IPO. The objects of the FPO, it aimed to utilize the raised amount for existing capital, refunding of loans, and general corporate purpose. The company’s FPO will list on Feb 5 on BSE and NSE.
Registrar:

Karvy Computershare Pvt Ltd

Karvy Registry House, 8-2-596, St. No.1,

Banjara Hills, Hyderabad-500 034

Andhra Pradesh, India

Phone:+91-40-23312454

Email: [email protected]:

https://karisma.karvy.com/

Disclaimer: This post is just information about the FPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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