IPO

ITI Limited FPO

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Offer Date: Jan 24, 2019 - Feb 5, 2019

IPO Cancelled

₹ 11550 /150 Shares

24 Jan, 2019

Open Date

05 Feb, 2019

Close Date

11 Feb, 2019

Allotment Date

13 Feb, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 71 to Rs 77 Rs per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Total around 18,00,00,000 Equity Shares of Rs 10/- at price of Rs 72/- to Rs 77/- with aggregating up to Rs 1386 Cr
  • Listing at NSE, BSE
  • Lead Manager BOB Capital Markets Limited, Karvy Investor Services Limited, PNB Investment Services Limited
  • Registrar KFin Technologies Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹71 - 77 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Jan 24, 2019 and ends on Feb 5, 2019. The allotment for IPO will be finalized on Feb 11, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 13, 2019. The company shall list its equity shares on the NSE, BSE. KFin Technologies Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are BOB Capital Markets Limited, Karvy Investor Services Limited, PNB Investment Services Limited.


The IPO sets its price band at 71 - 77 for each share. A single application for ITI Limited FPO must contain at least 150 shares.

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IPO Subscription Analysis And Details
Retail
1.00x
QIB
7.00x
NII
45.00x
Total
10.00x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 13,50,00,000 2,70,00,000 1,80,00,000 18,00,000 18,18,00,000
Day 1 24-01-20
66,66,600 0.05 x 1,04,400 0.0 32,98,650 0.18 x 57,900 0.03 x 1,01,27,550 0.06 x
Day 2 27-01-20
66,66,600 0.05 x 3,50,700 0.01 90,10,350 0.50 x 3,25,800 0.18 x 1,63,53,450 0.09 x
Day 3 28-01-20
6,62,60,550 0.49 x 42,47,850 0.16 1,65,78,600 0.92 x 11,68,800 0.65 x 8,82,55,800 0.49 x
Day 4 29-01-20
6,62,60,550 0.49 x 42,47,850 0.16 1,65,78,600 0.92 x 11,68,800 0.65 x 8,82,55,800 0.49 x
Day 5 30-01-20
6,62,60,550 0.49 x 43,17,150 0.16 1,77,03,750 0.98 x 14,16,450 0.78 x 8,96,97,900 0.49 x
Day 6 - 31-01-20
7,99,69,350 0.59 x 45,16,350 0.17 1,89,80,100 1.05 x 15,74,250 0.87 x 10,50,40,050 0.58 x
Day 7 - 01-02-20
7,99,69,350 0.59 x 45,16,350 0.17 1,89,54,000 1.05 x 15,74,250 0.87 x 10,50,13,950 0.58 x
Valuations
Earnings Per Share (EPS) Rs 2.01/-
P/E Ratio 50.56
RoE 8.47%
Net Asset Value (NAV) - As on 30.09.19 46.99
IPO - Issue Objectives
1

Funding working capital requirements of the Company.

2

Repayment of loans availed by the Company.

3

General corporate purposes.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Ujjivan Small Finance Bank Limited 2.67 32 9.49 2037.58
DCB Bank Limited 1.71 15.69 10.91 3041.49
AU Small Finance Bank Limited 7.28 41.57 17.51% 2948.84
Bandhan Bank Limited 4.71 24.86 18.94% 6644.05
RBL Bank Limited 2.00 19.70 10.18% 6300.71
Equitas Holdings Limited 1.83 357.04 0.52% 2275.31
CreditAccess Grameen Limited 4.22 28.90 14.59% 1281.33