ITI Ltd FPO Message Board (Page 5)

Ye cut off price ka kya MATLAB h

Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book building process. Retail investor has to pay the highest price while placing the bid at Cut-Off price. If company decides the final price lower then the highest price asked for IPO, the remaining amount is return to the retail investor.

@Admin - Today's subscription figures are not updated.

I meant nothing significant... By the way are you applying?

No.

The price was going down for many days and suddenly there is a spike, i wonder something funny going on and also is it worth applying in this FPO??

Another attempt from Lead managers to manipulate the price to fool the retails.

Hello Guys,
Do I get the allotment if i apply on this price - 71 or 72 ? or i must have to apply on higher price with this price - 77 for getting allotment ? Kindly advise on this. Thanks!

if you dont have fund issue apply with cut off price,
if allotment price is at lower side, you will get refund of difference amount.

Thanks Medge

Will equity of existing shareholders be diluted or will promoters stake will decreased or both? Experts please advice.

Yes I am holding 1000 shares, is looking to add more.

Over last 8-9 months after the new CMD has came in, there is aggression in ITI. They are executing some of the projects at decent margins in timely executable manner, which is all very good sign of them showing the professional approach.

they have been successful on booking new orders from states and in fact on their project delivery in Gujarat has become a role model project or excellence in delivery.

That aside, the current pricing is very handsome and in last 3years from April 2017, this is been in the range, post this event, this might get ready for some decent move.

My view would be liquidate a good part of holding at 100 which may be possible in Q4 results time i.e. by mid APril or so!

Thank you sir.

Dear board members
Please enlifgten me what happens if one have given the bid at cut off price of 77 and allotement price on the last day is fixed as 74.My querry is wheather the different bidders will get the allotement at different bid price above the price fixed or all will get on a price fixed in last.Please Respond

The price will be same for all investors and if your bid price is below the decided rate then you will not get allotment.

I have taken a bet, seeing the level of subscription, to apply at 73 for 3000 shares.

This being the PSU issue that too in the budget week, govt wouldn't want this to devolve! this will sail through, you may see LIC and GIc coming over on last minute and making bids.

applying at 72-74 is giving another safety margin!

bid data is showing the bids towards the lower end of prince band, since IPOs/ FPO was an fixed price basis, irrespective of bid on cut off (retail) or HNI priced bids, very good likely the allocation may be fixed on the 71-72 range only.

all retail will have a decent allocation as well as there may not be massive selling presure on new listing day due to no much hype around this issue.

as per BSE subscription data more than 50% bidding at lower price Rs72.

Now lower price band is revised to Rs71 from.

Those want to apply and looking for allotment, at safe side bid at Rs72 price, if even allotment price will be Rs71 you will get allotment at Rs71 only, remaining amount will refund.
This FPO will get sell through with price at 71 or max 72.

correct, this is one issue, where successful allotees will make some clean money without much of allotment pressure!

I have put in the bid for 3000 shares @ 73, hoping this gets issued on the lower band of around 71! nothing much to loose at the new price range.

My best suggestion "WITHDREW"

i would dis agree wit that approach, no much hype around this issue would mean no large scale selling post new shares hit the market. There has been traction on ITI due to massive land bank at Bangalore.

each time BEML has spiked, ITI has followed, both have a commanality - Land bank in Bangalore!

Is it the same ITI which has a mutual fund AMC? Totally unrelated business.

Nope.
ITI mutual fund is Investment Trust of India.
This ITI stands for Indian Telephone Industries.

85 now. Downward trend continue as expected. Skipping this would rather make more sense.

Want to take risk? Better to go with bid of 72.

@DownriteVJ In fact, 6 sessions, as market is open on Saturday too, due to budget :)

It should slow down a bit now. :P

There was not adequate demand at price of 72 then who is buying in secondary market at price above 80?

Seems this FPO will be cancelled due to low subscription

@Johny ji, abhi to LIC khud hi dub raha he, let's hope LIC has done insurance itself :)

Now seems like it will sail through at price of 71.

As seen highly priced and less known to public
Still good for long term

How to get canceled application, I have applied through Net banking.

@Experts, I don't understand why they have revised price by just 1 Rs..? I mean seriously..!!

For an 'action', there should be a 'cause of action', for extending bidding dates they have to show that they have revised offer price.

Thanks for your reply @amit ji and @dpcdsl ji.

Avoid these bullshit PSUs IPOs... Only LIC, cpse etf and bharat etf will invest in lousy PSUs...

Retail, who ever applied cancel your applications. Don't get into Tom and Jerry game between LIC and govt. Finally after hard bargain LIC could get 1 Rs discount, when everyone knows after FPO listing , price will come down below Rs 50.

what would be beneficial weather to apply this FPO at cut off price or floor price ?
will there any price difference at the time of allotment based on bid placed ? Please help me regarding this query.

Don't worry ,
One big bakara in India

Ie. LIC

ITI FPO extended to 31 Jan. Price ba d revised to 71 - 77