GTPL Hathway IPO
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.
GTPL Hathway IPO review in English = AVOID: Do not apply this IPO
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 Dates||21 – 23 June 2017|
|Price Band||INR167 – 170 per share|
|Fresh issue||INR240 crore|
|Offer For Sale||14,400,000 shares (INR244.8 crore)|
|Total IPO size||INR484.8 crore|
|Minimum bid (lot size)||88 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
GTPL Hathway’s consolidated financial performance (in INR crore)
|Profit after tax||-5.5||12.4||6.3||21.3|
GTPL Hathway Ltd
202, Sahajanand Shopping Center, Shahibaug,
Ahmedabad – 380 004
Phone: +91 79 3028 0340
Fax: +91 79 2562 6477
Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
GTPL Hathway IPO allotment status is now available on Link Intime’s website.
Click on this link to get allotment status.
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
|Category||Shares offered||Subscription (No.
of times, at 7 PM)
|Day 1||Day 2||Day 3|
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: INR170 per share (flat from IPO price)
Closing Price on NSE: INR171.65 per share (up 1% from IPO price)