Atria Convergence Technologies Limited IPO

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Atria Convergence Technologies Limited IPO

Atria Convergence Technologies Limited was born out of a vision to become the most admired in-home entertainment, education, and interactive services provider in India, back in 2000.
Today, we are closer than ever to realising it. Based in Bangalore, we serve a number of cities and towns in Karnataka, Andhra Pradesh, Telangana, Tamil Nadu and Delhi. We are one of the country’s most renowned cable and broadband company, bringing state-of-the-art services to nearly 2 million happy homes:
Fibernet (Internet over Fiber Optics)
Digital TV
HDTV
The Company offer broadband on optic fiber and our Fiber-To-The-Home technology can carry vast amount of information at speeds up to 1 Gbps. We are currently the 3rd largest ISP In the wired broadband category, and the largest non-telco ISP in the country. Our founder, Mr. Sunder Raju, is well respected in the Indian business fraternity and our senior management consists of 30+ professionals from diverse industries like FMCG, Entertainment, Information & Technology, Telecom, and Retail.
We are backed by True North ( formerly known as India Value Fund Advisors – IVFA), a premier private equity investment fund and TA Associates, a Global Growth private equity firm with over $17 billion of invested capital. In the past, IVFA True North has supported many successful ventures like Biocon, Radio City, HDFC Bank, Meru, Mahindra Hinoday, and TTK Healthcare, among others. TA’s investments in India include several successful companies like Billdesk, Dr. Lal’s Pathlabs, Fractal Analytics, Micromax, Rategain and Tega Ind.
We’ve always believed in giving our customers the very best, and our vision is for every Indian home to have access to world-class internet services.
Our total income was ₹6,178.72 million, ₹8,741.85 million, ₹12,170.76 million and ₹6,841.13 million in fiscals
2015, 2016 and 2017 and the six months ended September 30, 2017, respectively. Our consolidated EBITDA was ₹2,116.75 million, ₹3,234.12 million, ₹4,679.14 million and ₹2,859.70 million in fiscals 2015, 2016 and 2017 and
the six months ended September 30, 2017, respectively. Revenue from our wired broadband internet service business
accounted for 82.77%, 90.31%, 91.61% and 91.38% of our total income for fiscals 2015, 2016 and 2017 and the six
months ended September 30, 2017, respectively, and revenue from our cable TV service business accounted for
11.86%, 6.13%, 4.61% and 5.21% of our total income from operations for fiscals 2015, 2016 and 2017 and the six
months ended September 30, 2017, respectively. As at December 31, 2017, we had approximately 1.28 million
56 wired broadband internet customers, with approximately 38% of our wired broadband internet customers
subscribing to our services on fixed-term contracts of durations longer than one month, and approximately 0.71
million cable TV customers. Our average monthly ARPU from our retail wired broadband internet business was
₹684, ₹756 and ₹813 in fiscals 2015, 2016 and 2017, respectively.

Objects of the Atria Convergence Technologies Limited IPO:

Objective of

Atria Convergence Technologies Limited IPO

are: Offer for Sale Our Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale, excluding their respective portion of the Offer related expenses. Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects: 1. Capital expenditure towards continued expansion of our underground network infrastructure 2. Repayment and/or pre-payment of debt 3. General corporate purposes

Atria Convergence Technologies Limited IPO Details:

Face Value: ₹ 10 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

Promoters of Atria Convergence Technologies Limited Company are: The board of directors of Indium V (Mauritius) Holdings Limited are as under: 1. Sahjahan Ally Nauthoo 2. Ashraf Ramtoola Board of directors The board of directors of Argan is as under: 1. Sahjahan Ally Nauthoo 2. Khoushaal Dusoruth

Financials of Atria Convergence Technologies Limited IPO:

Particulars For the year/period ended (in Rs. Lacs)
30-Sep-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 15,255.62 13,047.66 10,957.14 9,111.35 7,501.85
Total Revenue 6,841.13 12,170.76 8,741.85 6,178.72 4,278.70
Profit After Tax 1,121.66 1,478.00 721.37 320.55 352.64

Recommendation on Atria Convergence Technologies Limited IPO:

Review and Recommendation of

Atria Convergence Technologies Limited IPO

from our side is: Under Analysis. We'll update it soon here.

Registrar of Atria Convergence Technologies Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Atria Convergence Technologies Limited 2nd & 3rd Floor, No.1, Indian Express Building, Queen’s Road, Bengaluru 560 001, Karnataka, India Phone No. +91 80 4288 4288 Fax No. +91 80 4288 4200 E-mail: complianceofficer@actcorp.in Website: www.actcorp.in

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