Indian Telephone Industries [FPO] IPO
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About Indian Telephone Industries [FPO]
A Follow-on Public Offer is launched by an already listed company to issue shares to the public. Like an IPO, this issue can be in the form of new shares or an offer for sale from the promoter or major investor group. ITI Limited is engaged in the business of manufacturing, trading, and servicing of telecommunication equipment. The Government of India holds about 90% of the equity shares in the company and is required to reduce its shareholding to conform with the minimum public shareholding norms.
How do I apply to the ITI Limited FPO?
You can apply to the ITI Limited IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.