GTPL Hathway IPO

GTPL Hathway IPO

GTPL Hathway IPO

GTPL Hathway Logo

GTPL Hathway is a leading regional MSO (Multi System Operator) in India, offering cable television and broadband services. The company 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. It 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. 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. GTPL Hathway 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. As of September 30, 2016, it had seeded approximately 6.19 million STBs and had approximately 5.41 million active digital cable subscribers. As of August 31, 2016, the company had approximately 2.02 million analog cable subscribers, for which it has received requisitions for digital STBs from LCOs. As of September 30, 2016, the company had 217,823 broadband subscribers. As of September 30, 2016, it provided broadband services primarily in the state of Gujarat and had established a home pass of approximately 1.0 million households.

Promoters of GTPL Hathway: Aniruddhasinhji Jadeja, Kanaksinh Rana, Gujarat Digi Com Private Limited, and Hathway Cable and Datacom Limited
GTPL Hathway IPO details
Subscription Dates21 - 23 June 2017
Price BandINR167 - 170 per share
Fresh issueINR240 crore
Offer For Sale14,400,000 shares (INR244.8 crore)
Total IPO sizeINR484.8 crore
Minimum bid (lot size)88 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

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

FY2014FY2015FY20169M FY2017
Total revenue528.8627.2746.2663.5
Total expenses421.9476.6582.9490.8
Profit after tax-5.512.46.321.3

GTPL Hathway Contact Details

GTPL Hathway Ltd
202, Sahajanand Shopping Center, Shahibaug,
Ahmedabad - 380 004

Phone: +91 79 3028 0340
Fax: +91 79 2562 6477
Email: complianceofficer@gtpl.net
Website: www.gtpl.net

Registrar of GTPL Hathway IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: gtpl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

GTPL Hathway IPO Allotment Status

GTPL Hathway IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

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 Subscription Details

CategoryShares offeredSubscription (No. of times, at 7 PM) 
Day 1Day 2Day 3
QIB5,830,3360.68 0.681.48
NII4,315,6890.000.152.85
Retail10,069,9410.140.360.98
Total20,215,9660.270.411.52

LISTING PERFORMANCE OF GTPL Hathway IPO

IPO Opening Date: 21 June 2017

IPO Closing Date: 23 June 2017

Finalisation of Basis of Allotment: 29 June 2017

Initiation of refunds: 30 June 2017

Transfer of shares to demat accounts: 3 July 2017

Listing Date: 4 July 2017

Listing Price on NSE: To be updated

Closing Price on NSE: To be updated

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