ITI Ltd FPO Message Board (Page 6)

Meanwhile LIC will make this fpo sail through

LAST DATE EXTENDED BY 3 DAYS
ALSO PRICE BAND CHANGED TO 71-77

Confirmed...????

100% confirmed

Applied first day itself at upper price level through ASBA SBI which is not available to edit after the news of extension of dates.Please guide why?and what to do in this FPO.Application was made with the idea to avarage as this stock is existing in my portfolio at higher level.

Looks like it will going to extend 2 or 3 day more

Seems the FPO will get cencelled as it has an extremely low subscription
Down almost 20% from 20th Jan 2020
I am not able to decide hence giving it a miss
Best of luck for those who have already applied for this FPO

Dear Expert team,

Pls advise apply or avoid the ITL IPO?

Avoid

Apart from this forum, sonal mam, aniketief sir and other experts, I had purchase 1011 shares of Ruchisoya at NSE on july at 4.00 rs per share. On 15 December all shares disappear from my account and now only 10 share credit at 17.00 rs per share in my demat account after patanjali acquired it . Please can you explain what happened in this deal.

Capital reduction by company

100:1 grab up happened , i.e for every 100 old shares of Ruchisoya you will get only one share new ruchisoya

Watching keenly ... last one hour to decide ... but I think better avoid and buy in direct market one session before feb 5.

Withdrew one of the two applications

Wait & watch upto 28 January 1.00 pm

After that you can decide to apply.

What should we look for upto 1PM today? How do I decide basis current trading price whether to apply for FPO or not?
Also, floor price or ceiling price?

The reviews for ITI FPO is AVOID or NONE (4 off 5 reviews.)
Strangely... I feel it's going to be a GOOD LISTING. Something in-for ITI inbetween Budget & listing day?
Absurd gut feel!?! JUST thinking out loud.
@Matured experts, please comment on Ur final call. Thanks. Appreciate it!

I can compare this to MMTC fpo that hit few years ago. Till the fpo was declared it was trading around 200/- per share and govt decided fpo price around 70 and it then it slided below fpo price and still it's below the fpo price

Sir, for last two to three IPOs online ASBA application was not permitted
It was understood that UPI payment (BHIM app) method only available for IPO/FPO .
Is rules modified to again permitting ASBA through banks online process.
Kindly clarify

Not true, i am always applying through asba only and getting allotment and enjoying profit

In future off line ASBA(fill the form and submit to broker, then he sent to bank like this.... That is only abolish) only abolish

ASBA we can apply

ITI FPO Day-2 subscribed only 0.09 X times, then one can buy on listing date with lesser price than FPO price ????????

LIC will bail out this ITI again.

What does FPO means? If I get the allotment of ITI FPO, Can I sell it in open market(NSE)?
Are there any conditions applied?

IPO means it's Initial Public offer and first time coming to Share Market for Trading.

FPO means Follow-on Public offer. So, Already Listed share again offering shares. Currently, ITI share trading @88.55rs in Market. Yes, You can sell as normal in open market (NSE) after Listing. No condiitons.

ITI has the backing of the GoI. In fact, when the company was classified as a "sick company",
the GoI approved grants in aid to settle part of its statutory dues. To meet its operational
requirements, it received grants in aid worth Rs5bn and Rs1.3bn in FY17 and FY18, respectively.

It was also the recipient of capital grants in the form of equity for capex worth Rs0.8bn, Rs3.4bn and Rs0.6bn in FY17, FY18 and FY19, respectively. For the half year ended Sep'19, it further received a grant of Rs1.1bn for capex.

In Dec'19, the GoI earmarked another Rs854mn as a grant in aid (funds have not been received yet) to settle partial statutory dues and for meeting general operational requirements. ITI caters to a varied customer base across several industry segments such as Telecommunications, Defense, Information Technology, Banks and Financial Institutions, and Solar Energy.

The company has five manufacturing facilities across India and is primarily engaged in projects for the Government of India. It has manufacturing facilities in Bengaluru, Mankapur, Naini, Palakkad and Rae Bareli.

I believe the company has a great potential and the focus of the management will help it to achieve its objective.

Wow, company is not generating any income and is only running on government grants for so long now and you are saying it has potential? Good optimism.

New Member Alert.

When you get this "Alert", you need to "Ignore".

Looks like the existing shareholders are selling off to get benefit of the difference right now. Downward trend continues :P

A sick psu has good growth story? Don't waste time marketing a sick psu to fool the retails.

Only the existing shareholder has benefit by selling right now (if anyone willing to buy :P) and applying in FPO.

@eagleya mam...which things you Will see positive for ITI FPO pls justify ??

If this fpo subscribe more than one time application wise and I apply 2 lac full application can I get more than 150 shares

No

Yes, you will have chance to get if it is around 1.x or 2.x

On 5 feb. it will be trading around 77.

Psu maharatna company (ongc, ntpc, bhel, coal India,..), psu nacaratna company(Hal, engineers India Ltd, Vel) shares are trading at lowest ever price. Then think what will happen to a sick psu company like ITI. PSUs are caught between government policies and fulfillment of employees dreams. It's rightly said government has no business to be in business.

So my take will will be apply for listing gain after checking tomorrow price and don't stay invested..