The GTPL Hathway IPO date has been confirmed to have started on June 21, 2017, and ended on June 23, 2017. Read the post to learn about GTPL Hathway IPO GMP.
GTPL Hathway wants to raise Rs 776.69 crores through an IPO. The price range for each share is ₹167 to ₹170. The GTPL Hathway Limited IPO GMP Today is ₹176.55. An application must have a minimum lot size of 88 shares. Retail investors are required to invest a minimum of ₹14,960.
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Key Details Of GTPL Hathway IPO:
Bidding Dates
June 21-23
Price Range
₹167 to ₹170 per share
Face Value
₹10 per share
GMP
₹176.55
GTPL Hathway IPO GMP
The GTPL Hathway Limited IPO GMP Today is ₹176.55.
IPO Overview
With a valuation of Rs 484.80 crore, the GTPL Hathway IPO is a structured offering. A proposal to trade 1.44 crore stakes and a new problem of Rs 240.00 crore are included in the deal. The GTPL Hathway initial public offering (IPO) bidding period ran from June 21, 2017, to June 23, 2017. On Thursday, June 29, 2017, the GTPL Hathway IPO allocation was finalised. On July 4, 2017, the shares were formally listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The price range for GTPL Hathway’s IPO is 167 to 170 per share. An application requires a lot size of at least 88 shares. Retail investors must contribute a minimum of $14,960.
Customer subscription fees and carriage and placement fees from broadcasters for carrying their channels and placing them at the specified channel number or position provide GTPL with revenue for its cable services. Gujarat Television Private Limited, a member of our group firm, also produces the “Gujarat News” channel, which GTPL is entitled to transmit on our network. To deliver a varied mix of content that appeals to a wide range of viewers, GTPL produces and provides third-party content on its local channels.
GTPL Hathway IPO Details
| IPO Date | June 21, 2017 to June 23, 2017 |
| Listing Date | July 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹167 to ₹170 per share |
| Lot Size | 88 Shares |
| Total Issue Size | 28,517,650 shares (aggregating up to ₹484.80 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | 14,400,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE, NSE |
GTPL Hathway Company Financials
| Particulars | For the year or period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Dec-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 16,969.16 | 14,910.26 | 11,231.49 | 10,722.93 | |
| Total Revenue | 6,634.61 | 7,462.03 | 6,272.01 | 5,288.09 | |
| Profit After Tax | 163.01 | 45.98 | 154.85 | (84.62) | |
GTPL Hathway IPO Timeline
| IPO Open Date | Wednesday, June 21, 2017 |
| IPO Close Date | Friday, June 23, 2017 |
| Basis of Allotment | Thursday, June 29, 2017 |
| Initiation of Refunds | Friday, June 30, 2017 |
| Credit of Shares to Demat | Monday, July 3, 2017 |
| Listing Date | Tuesday, July 4, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 23, 2017 |
Company Profile
GTPL Hathway Limited, established in 2006, is a company that operates multiple systems and is located in Gujarat. They provide cable and internet services. GTPL Hathway is the primary cable provider in Gujarat, with a majority market share of 67% of cable TV users. Their digital cable TV services are available in 169 different cities throughout India. They transmit cable TV signals in both digital and analogue formats.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | GTPL Hathway Limited |
| Phone number | +91 79 6140 0000 |
| Email ID | [email protected] |
| Website | www.gtpl.net |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
GTPL Hathway IPO FAQs
When GTPL Hathway IPO will open?
The GTPL Hathway IPO opens on June 21, 2017 and closes on June 23, 2017.
What is the lot size of GTPL Hathway IPO?
GTPL Hathway IPO lot size is 88 Shares, and the minimum amount required is ₹14,960.
When is GTPL Hathway IPO listing date?
The GTPL Hathway IPO listing date is on July 4, 2017.
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