ITI Limited IPO – Review, Dates, Allotment, Subscription, GMP & DRHP

ITI Limited is a public sector company under the Department of Telecommunications with seven decades of experience in telecommunications technology. The Company cater to a wide customer base across various industry segments like telecommunications, defence, information technology, banks, financial institutions and solar energy. ITI Limited IPO comprises of  [.] Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the ITI Limited IPO release date, IPO offer price, subscription, ITI Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


ITI Limited IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of ITI Limited IPO

ITI Limited IPOITI Limited is a public sector company under the Department of Telecommunications with seven decades of experience in telecommunications technology. The Company cater to a wide customer base across various industry segments like telecommunications, defence, information technology, banks, financial institutions and solar energy . The Issue comprises of a Public Issue of [] Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 16.66% and  12.03%, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 18,116.17 Lakhs, Rs.20,887.16 Lakhs and Rs. 17,903.11 Lakhs, respectively representing growth of  16.66% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 2,305.64  Lakhs, Rs.  2,663.91 Lakhs and Rs. 2,372.18 Lakhs, respectively, representing a growth of  12.03 % from the FY 2015-16 to FY 2016-17.

  • During the financial year 2017-18 the Other Income of our company increased to Rs.3,274.54  Lakhs as against Rs.5,405.79 Lakhs for the financial year 2016-17, representing increase by 65.09% due to increase in interest income & insurance claim in FY 2017- 18.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 2,305.64 Lakhs from the year 2015-16 of Rs. 2,663.9 Lakhs showing an increase of 15.54% from last year, showing remarkable performance.

The Promoter of this company is The President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India. The lead manager to the issue is BOB Capital Markets Limited, Karvy Investor Services Limited and PNB Investment Services Limited and the Registrar to this issue is Karvy Computershare Private Limited.


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ITI Limited IPO Date

The opening and the closing date of ITI Limited  IPO is not known yet.


ITI Limited IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


ITI Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


ITI Limited IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


ITI Limited IPO Equity Share Offering

 [●] Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


ITI Limited – Company Overview

ITI Limited is a public sector company under the Department of Telecommunications with seven decades of experience in telecommunications technology. The Company cater to a wide customer base across various industry segments like telecommunications, defence, information technology, banks, financial institutions and solar energy .The Company has a diverse suite of products including defence security encryption products; optical and data network products and passive infrastructure products such as gigabit passive optical network (“GPON”) and manage leased line products (“MLLN”); multi-capacity encryption units, electrical products such as smart energy meters, smart cards, solar panels, set-top boxes and mini personal computers and Internet of Things (“IoT”) products. The Company manufacture certain products themselves at their five manufacturing facilities and produce other products in collaboration with their various technology partners

The Company is promoted by  The President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of ITI Limited :

  • Diverse product and services offering across sectors;
  • Well established relationship with PSUs, the Ministry of Defence, other GoI agencies and state governments;
  • Strong Order Book comprising of a diversified suit of products and services across various sectors;
  • Modern manufacturing infrastructure, equipment and technology;
  • Revitalized Company with improving financial performance;
  • Experienced Board, management team and skilled workforce.

Business strategies of ITI Limited :

  • diversifying their suite of products and services and leveraging our GoI and PSU relationships;
  • upgrading and modernizing their infrastructure, equipment and technology;
  • teaming with innovative technology leaders and start-ups; and
  • reducing their operating costs and improving productivity.

ITI Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 46,684.69 31,645.16 34,804.42 29,802.32
Total Revenue 18,116.17 20,887.16 17,903.11 6,640.29
Total Expense 15,810.52 18,223.25 15,530.93 9,620.24
Profit After Tax 2,305.64 2,663.91 2,372.18 (2,979.95)

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16 31 -March-15
Basic & Diluted 3.23 6.77 7.89 (11.29)

From the above statements, one could find that the ITI Limited may perform well.


ITI Limited IPO – Promoters

The Promoter of this company is the President of India, acting through the Department of Telecommunications, Ministry of Communications, Government of India.

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


ITI Limited IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Upto [●] Equity Shares aggregating to `[●] million(4) Of which : Employee Reservation Portion
 Of which:
 Reserved for Market Makers Upto [●] Equity Shares aggregating to `[●] million Net Issue
 Net Issue to the Public Upto 180,000,000 Equity Shares aggregating to `[●] million
 Of which:
 Retail Investors Portion Not less than [●] Equity Shares Of which: Mutual Fund Portion [●] Equity Shares Balance for all QIBs including Mutual Funds [●] Equity Shares B.
 Non-Retail Investors Portion  Not more than [●] Equity Shares C. Retail Portion(2)(3) Not more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue 897,000,000 Equity Shares
 Equity Shares outstanding after the Issue *[●] Equity Shares

ITI Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding working capital requirements of our Company; 
  • Repayment of loans availed by our Company; 
  • General corporate purposes

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ITI Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Diverse product and services offering across sectors;
  • Well established relationship with PSUs, the Ministry of Defence, other GoI agencies and state governments;
  • Modern manufacturing infrastructure, equipment and technology;
  • Strong Order Book comprising of a diversified suit of products and services across various sectors;
  • Experienced Board, management team and skilled workforce.
  • Revitalized Company with improving financial performance;

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16 7.89
31-Mar-17 6.77
31-Mar-18 3.23 -9.36

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ITI Limited IPO Lead Managers

Lead Managers
BOB Capital Markets Limited

Karvy Investor Services Limited

PNB Investment Services Limited

ITI Limited IPO Registrar to offer

Registrar to the Offer
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032;Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail:
Investor grievance email:

Website: www.karisma.karvy.com
Contact Person: Murali Krishna M.
SEBI Registration No.: INR000000221

Other Details:

  • Statutory Auditor –   M/s. Sankaran & Krishnan, Chartered Accountants
  • Peer Review Auditor – M/s Anil Bansal & Associates, Chartered Accountants
  • Bankers to the Company –  State Bank of India , Indian Bank, DCB Bank

ITI Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

ITI Limited IPO Grey Market Premium

The ITI Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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ITI Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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