The GTPL Hathway IPO date has been confirmed to have started on June 21, 2017 and ended on June 23, 2017.
Using an IPO, GTPL Hathway is seeking to raise Rs 776.69 crores. Its price band is set at ₹167 to ₹170 per share. The minimum lot size for an application is 88 shares. The minimum amount of investment required by retail investors is ₹14,960.
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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 is ₹176.55.
IPO Overview
The GTPL Hathway IPO is a book-built offering worth Rs 484.80 crore. The offering consists of a fresh issue of Rs 240.00 crore and an offer to sell 1.44 crore shares. The GTPL Hathway IPO auction began on June 21, 2017 and concluded on June 23, 2017. The GTPL Hathway IPO allotment was completed on Thursday, June 29, 2017. On July 4, 2017, the shares were listed on the BSE and NSE. The pricing range for GTPL Hathway’s IPO is set at 167 to 170 per share. An application requires a minimum lot size of 88 shares. Retail investors must make a minimum investment of $14,960.
GTPL’s revenue for cable services comes from subscription money from customers as well as carriage and placement revenue from broadcasters for carrying their channels and positioning them on their desired channel number or position. GTPL also has the right to broadcast the ‘Gujarat News’ channel, which is produced by our group company, Gujarat Television Private Limited, on our network. GTPL creates its own content and also offers third-party content on its local channels to provide a diverse mix of content that appeals to a wide variety of consumers.
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, founded in 2006, is a multi-system operator based in Gujarat that provides cable television and broadband services. GTPL Hathway is Gujarat’s leading cable service provider, with a market share of 67% of cable television subscribers. GTPL Hathway offers digital cable television services in 169 cities around India. We re-transmit cable television signals in both digital and analogue formats.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | gtpl.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | GTPL Hathway Limited |
| Phone number | +91 79 6140 0000 |
| Email ID | complianceofficer@gtpl.net |
| Website | www.gtpl.net |
IPO Strenghts
- 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.
