Indian Telephone Industries Ltd FPO

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Indian Telephone Industries Ltd FPO is a NSE, BSE FPO, which is open for all investors from 24th January 2020, Friday to 28th January 2020, Tuesday. Promoters are offering 181,800,000 equity shares to public through this issue which is worth of Rs 1,399.86 Crores. For other IPO details on Indian Telephone Industries Ltd FPO, scroll below

IPO Details

Grey Market Premium of Indian Telephone Industries Ltd FPO

GMP of Indian Telephone Industries Ltd FPO is currently Not Available. Grey Market Premium will be updated once it’s available

Allotment Status of Indian Telephone Industries Ltd FPO

Company Background

Indian Telephone Industries Ltd FPO is a Bengaluru based telecommunication based PSU, with an annual revenue of Rupees 181.1617 crores.

  • Company has 5 manufacturing units in different regions of the country with an R&D center in Bengaluru
  • Company has 3427 employees on its payroll

Date of Incorporation

Indian Telephone Industries Ltd FPO was incorporated as Indian Telephone Industries Private Limited on 25th January 1950. Company was finally converted into a public limited company on 1st July 1975 with a Corporate Identification Number, L32202KA1950GOI000640

Promoters of Indian Telephone Industries Ltd FPO

President of India is the promoters of the company acting through the Department of Telecommunications (DoT), Ministry of Communication & Government of India

Product & Services Offered

Indian Telephone Industries Ltd FPO offers following products & services to its clients:-

  • Company offers defense security encryption products; optical and data network products and passive infrastructure products such as GPON, MLLN and signaling transfer point (“STP”) solutions, optical fibre cable, HDPE ducts, electrical products such as smart energy meters, smart cards, solar panels, set-top boxes and mini personal computers; and IoT products.
  • Also, IT and software services like data centre hosting solutions, digital wallet solutions, Aadhaar authentication services, cable and fiber laying services and citizen centric services like the NPR and  115 SECC and annual maintenance contracts for our supplied products

Clientele base of the company

Company caters PSUs like PSUs like BSNL, BBNL, MTNL and EESL the Ministry of Defence, Ministry of Rural Development, Ministry of Urban development, the Registrar General of India and other Government agencies.

Purpose of this FPO

Purpose of the issue:

  • To meet up the working capital requirements of the company
  • General corporate purposes
  • Repayment of loans availed

Indian Telephone Industries Ltd FPO Issue Details

Issue Details
Issue Open 24th January 2020, Friday Issue Close 28th January 2020, Tuesday
Issue Type Book Builting IPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs 72 to Rs 77 Per Equity Shares Bid Lot & Minimum order quantity 150 Shares
Issue Size Rs 1,399.86 Crore Listing at NSE, BSE

Indian Telephone Industries Ltd FPO Timeline

Tentative IPO Timeline
Bid Opens on 24th January 2020, Friday Bid Closes on 28th January 2020, Tuesday
Finalization of basis of allotment 31st January 2020, Friday Initiation of Refunds 3rd February 2020, Monday
Credit of shares to demat account 4th February 2020, Tuesday Listing Date 5th February 2020, Wednesday

Company Financials

For the year/period ended (₹ in Million)
31-Mar-18
31-Mar-17
31-Mar-16
31-Mar-15
Total Assets 47,057.38 32,048.94 35,230.86 30,248.47
Total Revenue 18,116.17 20,887.16 17,903.11 6,640.29
Profit After Tax 2,305.64 2,663.91 2,372.18 -2,979.95

Ratings & Reviews of Indian Telephone Industries Ltd FPO

As per experts one could apply for IPO at their own risk

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Name of Case
Currency
No of Cases
Aggregate amount involved (₹ in million)
Cases against the Company
Civil Cases INR 68 217.25
Civil Cases (claims in foreign currency) USD 2 3.77
Criminal Cases INR 0 0
Action taken by statutory and regulatory authorities INR 1 1
Direct Tax case INR 1 82.75
Indirect Tax case INR 41 1,689.84
Cases by our Company
Civil Cases INR 7 3.19
Criminal Cases INR 0.00 0

Red Herring Prospectus of Indian Telephone Industries Ltd FPO

Bidding Status

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Listing Day Information

Listing Day Trading Information
BSE NSE
Issue Price
Open
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Volume

IPO Lead Managers

  • BOB Capital Markets Limited, Karvy Investor Services Limited & PNB Investment Services Ltd are managing the FPO for the company

Address of Indian Telephone Industries Ltd FPO

Indian Telephone Industries Ltd
ITI Bhavan,
Doorvaninagar,
Bengaluru 560 016,

Phone: +91 80 2561 7486

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