GTPL Hathway IPO Detail | Review | Listing date | Allotment Status | Opening Date

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GTPL Hathway IPO details
Subscription Dates 21 – 23 June 2017
Price Band 67 – 170 Rs per share
Fresh issue 240 cr
Offer For Sale 14,400,000 shares
Total IPO size INR 484.8 crore
Minimum bid (lot size) 88 Shares
Face Value  INR10 per share
Retail Allocation  35%
Finalisation of Basis of Allotment: 29th June 2017
Initiation of refunds: 30th June 2017
Transfer of shares to demat accounts: 3rd July 2017
Listing Date: 4th July 2017
Listing On NSE, BSE

 

GTPL Hathway’s consolidated financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016 3M FY2017
Total revenue 359.3 455.3 579.3 632.2 852.1 218.4
Total expenses 287.4 346.3 421.1 473.6 580.1 143.0
Profit after tax 30.2 38.3 24.0 16.7 69.0 20.1

 

Background

GTPL Hathway Limited is a leading regional Multi Service Operator (MSO) in India, offering cable television and broadband services.

It is number 1 MSO in Gujarat with a market share of 67% of cable television subscribers in 2015, accounting for approximately 3.7 million of 5.6 million cable television households; and is number 2 MSO in Kolkata.

Howrah in West Bengal with a market share of 24% of cable television subscribers in 2015, accounting for approximately 0.7 million of 3.0 million cable television households.

The company accounted for 14% share of the total cable carriage and placement fee market in India in Fiscal 2016. As of September 30, 2016.

its digital cable television services reached 169 towns across India, including towns in Gujarat, West Bengal, Maharashtra, Bihar, Assam, Jharkhand, Madhya Pradesh, Telangana, Rajasthan and Andhra Pradesh.

company had given approximately 6.19 million Set of Top Boxes (STBs) and had approximately 5.41 million active digital cable subscribers also company had 217,823 broadband subscribers. It provides broadband services primarily in the state of Gujarat.

It has established a home pass of approximately 1.0 million households. India’s internet subscriber base is expected to increase from 411.2 million subscribers in 2016 to 825.2 million subscribers in 2020 led by growth in wireless subscribers. (Source: The KPMG – FICCI Report)

Promoters & Promoter Group holdings:

Mr. Aniruddhasinhji Jadeja, Mr. Kanaksinh Rana, Gujarat Digi Com Private Limited and Hathway Cable and Datacom Limited are the Promoters of the company.

Objective of the issue:

The Issue comprises of a Fresh Issue by the company and an Offer for Sale by the selling shareholders.

  • The Offer for Sale : The company will not receive any proceeds from the Offer for Sale.
  • The Fresh Issue: The net proceeds from the fresh issue will be utilised towards the following objects:

GTPL CONTACT DETAILS

202, Sahajanand Shopping Center, Shahibaug,
Ahmedabad – 380 004

Phone: +91 79 3028 0340
Fax: +91 79 2562 6477
Email: [email protected]
Website: www.gtpl.net

VALUATION OF GTPL HATHWAY IPO (BASED ON LATEST FY)

Earnings Per Share (EPS): INR8.09
Price/Earnings (P/E) ratio: 20.6 – 21.0
Return on Net Worth (RONW): 14.87%
Net Asset Value (NAV): INR47.22 per share

GTPL HATHWAY IPO ALLOTMENT STATUS

GTPL Hathway IPO allotment status will be available on Link Intime’s website.

Click here for check GTPL allotment status : link

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