GTPL Hathway Limited IPO
Gujarat-based cable TV and broadband services provider GTPL Hathway Ltd plans to launch its IPO this month. The upcoming IPO will raise around INR600 crore (INR6 billion) through a mix of fresh shares and sales by existing shareholders.
GTPL Hathway is number 1 cable service provider in Gujarat with a market share of 67% of cable television subscribers.
GTPL Hathway provides digital cable television services in 169 towns across India. We provide cable television signals in both digital and analog modes of re-transmission.
GTPL’s source of revenue for cable services is subscription income received from subscribers and carriage and placement revenues received from broadcasters for carrying their channels and placing their channels on their preferred channel number or position. GTPL also have the right to place the ‘Gujarat News’ channel on our network, which is produced by our Group Company, Gujarat Television Private Limited. GTPL produce its own content and also offer third-party content on its local channels to ensure that it has a suitable mix of content that appeals to a range of demographics.
Objects of the Issue:
Listing Date: Jul 04 2017
|Open Date:||Jun 21 2017|
|Close Date:||Jun 23 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||484.80 Cr.|
|Lot Size:||88 Shares|
|Issue Price:||₹ 167-170 Per Equity Share|
|Listing Date:||Jul 04 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||163.01||45.98||154.85||(84.62)|