ITI FPO (Follow on Public Offer) third and fourth Day Membership Subtleties:
The Indian Telephone Industries Ltd FPO bought in 49% in third day. In the fourth day offering of it likewise bought in 49%, as per the NSE report on ITI FPO membership subtleties.
The organization intends to raise Rs 1,400 cr through this FPO. According to the NSE reports, the FPO gathers 8.82 cr of value shares from this awaiting procedure. At first, the organization gave 18.18 cr of value shares.
Day – 3 Classification insightful ITI FPO subscription Subtleties:
In the RIIs (Retail Singular Financial specialists) bought in for 92% of offers, QIBs (Qualified Institutional Investor) bought in 49% and 16% of offers bought in the NIIs (Non-Institutional Investors). Likewise, the qualified worker bought in for 65%.
Day – 4 Class astute ITI FPO subscription Subtleties:
In the RIIs bought in for 94% of offers, QIBs bought in 49% and 16% of offers bought in the NIIs. So also, the qualified worker bought in for 70%.
For the most part, the organization offered 135,000,000 value shares for QIBs, 27,000,000 eq shares for NIIs, and 18,000,000 offers for RIIs. Additionally, for the qualified representative class 1,800,000 offers. At long last, the organization dispensed 181,800,000 value shares for this FPO.
The organization changed its value image to Rs 71 – Rs 77 rather than Rs 72-77 according to the shipper broker's choice. Additionally, the membership shutting period reached out to Jan 31.
In the wake of finishing the offering procedure, the administration shares declining its shareholding from 90% to 74.96%.
The Indian TelePhone Industry Ltd creation units set up in 5 better places. They are Mankapur, Bengaluru, Palakkad, Naini, and Raebareli and furthermore a Research and development in Bengaluru.