IPO: GTPL Hathway Limited
♦ ISSUE PERIOD : 21st June 2017 to 23rd June 2017
♦ PRICE RANGE: Rs 167 to Rs 170
♦ Lot Size: 88 Shares
♦ Issue Size: 14,400,000 Shares
Hathway is a leading regional MSO in India (Source: MPA Report), offering cable television and broadband services. Hathway is the 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 in Gujarat (Source: MPA Report). Hathway is the number 2 MSO in Kolkata and Howrah in West Bengal with a market share of 24% of cable television subscribers in this market in 2015, accounting for approximately 0.7 million of 3.0 million cable television households in Kolkata and Howrah (Source: MPA Report). Gujarat is an important market for broadcasters and advertisers as it contributed to
more than a 5% viewership share on an all-India basis and more than 8% of the Hindi speaking market in India in 2015 (Source: MPA Report). Hathway accounted for a 14% share of the total cable carriage and placement fee market in India in
Fiscal 2016 (Source: MPA Report). As of January 31, 2017, their digital cable television services reached 189 towns across India, including towns in Gujarat,
West Bengal, Maharashtra, Bihar, Assam, Jharkhand, Madhya Pradesh, Telangana, Rajasthan and Andhra Pradesh. As of January 31, 2017, they seeded approximately 6.55 million STBs and had approximately 5.69 million active digital cable subscribers. As of August 31, 2016, they received requisitions from LCOs for approximately 2.02 million STBs. Between September 1, 2016 and January 31, 2017, they have seeded 0.46 million STBs. As of January 31, 2017, their Company had 228,217 broadband subscribers (based on the number of broadband subscribers of their Subsidiary, GTPL Broadband Private Limited; the broadband business of their Company was transferred to GTPL Broadband Private
Limited with effect from April 1, 2016). As of January 31, 2017, Hathway provided broadband services primarily in the state of Gujarat and had established a home pass of approximately 1.05 million households.
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|Issue Period||21-Jun-2017 to 23-Jun-2017|
|Post issue Modification Period||24-Jun-2017 & 27-Jun-2017 (10.00 A.M. to 1.00 P.M.)|
|Issue Size||Initial Public Offering consisting of a fresh issue of up to [.] Equity Shares aggregating up to Rs. 2,400 million and an Offer for Sale of up to 14,400,000 Equity Shares|
|Issue Type||100% Book Building|
|Price Range||Rs 167 to Rs 170|
|Face Value||Rs 10|
|Tick Size||Re 1|
|Bid Lot||88 Equity Shares and in multiples thereof|
|Minimum Order Quantity||88 Equity Shares|
|Maximum Subscription Amount for Retail Investor||Rs. 2,00,000|
|IPO Market Timings||10.00 a.m. to 5.00 p.m.|
|Book Running Lead Managers||JM Financial Institutional Securities Limited, BNP Paribas, Motilal Oswal Investment Advisors Limited and YES Securities (India) Limited|
|Syndicate Members||JM Financial Services Limited, Motilal Oswal Securities Limited and Sharekhan Limited|
|Categories||FI, IC, MF, FII, OTH, CO, IND and NOH|
|Name of the Registrar||Link Intime India Private Limited|
|Address of the Registrar||C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India|
|Contact person name number and Email id||Ms. Shanti Gopalkrishnan, +91 22 49186000, email@example.com|
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