ITI FPO IPO
ITI Ltd FPO

ITI Ltd FPO

Incorporated in 1950, Indian Telephone Industries Limited (ITI) is a Bengaluru based public sector company operating under the department of telecommunications. It has customers from diverse industries including defence, banks, telecommunications, financial institutions, information technology, and solar energy ... The company has a wide product range; some of them are manufactured by in-house manufacturing units and some with other technology partners. The product portfolio of the company includes optical and data network products, defence security encryption products, passive infrastructure products, multi-capacity encryption units, set-top boxes, smart energy meters, smart cards, and mini personal computers. Apart from this, the company also provides operation and maintenance of base transceiver stations (BTS), Aadhaar authentication services, National Population Register (NPR), annual maintenance contracts (AMC), and data centre hosting solutions. Some of the famous Public Sector Units (PSUs) such as Bharat Broadband Network Limited (BBNL), Energy Efficiency Services Limited (EESL), Ministry of Rural Development (MORD), and Bharat Sanchar Nigam Limited (BSNL) are the customers of ITI Ltd. The company is also engaged in some government projects such as ASCON, BharatNet, Smart Energy Meters, and E-Governance Projects. ITI Ltd has 5 manufacturing units located at Mankapur, Bengaluru, Palakkad, Naini and Raebareli. It also has an R&D center in Bengaluru. As on August 31, 2018, it had 3,427 employees. read more

ITI FPO IPO Profile
Issue Open Date Jan 24, 2020
Issue Close Date Jan 31, 2020
Issue Size (Rs cr) 181,800,000 Eq Shares of Rs.10 (aggregating up to Rs.1,399.86 Cr)
Issue Price Rs.71 to Rs.77 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 150
Minimum Lots 1
Maximum Lots 17
Retail Discount -
Employee Discount -
QIB atleast 75% Equity Share
NII atleast 15% Equity Share
EMP atleast - Equity Share
RII atleast 10% Equity Share
Book Value -
Face Value Rs.10 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Jan 31, 2020 71 - 77 1,399.86 Cr 0.49x 0.16x 0.92x 0.65x 0.49x
ITI FPO IPO Registerar and Lead Managers
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh, India
  • - BOB Capital Markets Limited
  • - Karvy Investor Services Limited
  • - PNB Investment Services Ltd
Company Services
  • Strong brand presence in pipes and fittings segment

  • Projects with major clients

  • Modernised technology, equipment and infrastructure


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