ITI withdraws Rs 1,400 crore FPO

ITI Ltd. | Telecommunication - Equipment | Telecom | BSE: 523610 | NSE: ITI

06 Feb 2020 Evaluate

ITI has withdrawn its follow-on public offer (FPO) citing prevailing market conditions. The announcement came after ITI extended the issue period for its follow-on public offer twice amid lukewarm response from investors. At the upper end of the price band, the company expected to mop-up Rs 1,400 crore.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.

Peers

Company Name	CMP
Black Box	776.00
ITI	256.85
Tejas Networks	519.90
Quadrant Televenture	0.79
Valiant Communicatns	1280.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.