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|
|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)
|Profit after tax||30.2||38.3||24.0||16.7||69.0||20.1|
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]
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