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ITI Rallies 12% As It Withdraws Its Rs 1,400 Crore FPO
Shares of ITI Limited rose as much as 12.2 percent to Rs 94.55 after the company decided to withdraw its Rs 1,400 crore follow-on-public offer (FPO) citing "prevailing market conditions." Despite two extensions to the FPO, the issue remained unsubscribed in ...
ITI FPO Deadline Extended; Price Band Revised
ITI Limited's (formerly known as Indian Telephone Industries) follow-on public offer (FPO) that hit the capital markets on 24 January has been extended by three days. The closing date of ITI FPO has been postponed from 28 January to 31 January. ...
ITI FPO Opens; Should You Subscribe?
ITI Limited's (formerly known as Indian Telephone Industries) follow-on public offer (FPO) hit the capital markets on 24 January. The public sector company has set the price band at Rs 71-77 per share and the issue will close on 31 January. ...
What Is A Follow On Public Offer Or FPO?
There are many companies that come out with an Initial Public Offering (IPO) and later list their shares. However, at some stage that might need additional funding to meet various capital expenditure from time to time. This may force them to ...
What Is The Difference Between An IPO And FPO?
There is a big difference between an Initial Public Offer, which is also called an IPO and a Follow On Public Offer (FPO). The most important difference is that an IPO is offered for the very first time and an FPO ...
What is ASBA in Initial Public Offer or IPO?
IPOs or Initial Public Offers that gained momentum among retail investors in last few years has been largely driven by the simplicity introduced in the procedure to subscribe to IPOs. e-IPO subscription is one such facility that was introduced in ...
Power Grid FPO on December 3
Stated owned Power Grid Corporation of India (POWERGRID) is coming up with a Follow-on Public Offer (FPO) which includes 13 per cent of fresh issue of shares and 4 per cent disinvestment of shares by Government of India. The issue ...
SBI may consider fund raising through FPO, QIP next fiscal
The country's largest lender State Bank of India (SBI) today said it would explore the possibility of raising capital through a public offer or from institutional investors next fiscal even as it is getting Rs 7,900 crore support from the government ...
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