Hathway Cable & Datacom Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 16,650,000 (60%) | — | ₹44,123 Cr |
| NII (HNI) | — | 2,775,000 (10%) | — | ₹7,354 Cr |
| Retail | — | 8,325,000 (30%) | — | ₹22,061 Cr |
| Σ Total | — | 27,750,000 (100%) | — | ₹735,375 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,625 |
| Retail (Max) | 13 | 325 | ₹86,125 |
| S-HNI (Min) | 14 | 350 | ₹92,750 |
| B-HNI (Min) | 67 | 1,675 | ₹443,875 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 673 | 435 | 309 |
| Profit After Tax | 12 | 5 | 1 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Acquisition of Customers – 2,43.600
- 2 Investment in the development of our digital capital expenditure, services and set top boxes – 1,56.400
- 3 Investment in the 83 747 830 40 development of our broadband infrastructure, capital expenditure and services* – 83.000
- 4 Repayment of loans – 96.700
Company Overview
Incorporated in 1995, Hathway Cable & Datacom Limited is the leading cable television services provider in India, as well as one of the leading cable broadband services providers. Company offer analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 20 cities. Hathway Cable is the leading operator in several key markets of India including among others, cities such as Mumbai, Delhi, Bangalore, Ahmedabad, Hyderabad, Jaipur, Indore, Bhopal, Baroda and Surat.
As per MPA Report, Hathway is the largest distributor of digital cable in India. As of December 31, 2008, their digital television subscriber base constituted approximately 42% of the total digital cable television market in India . As of July 31, 2009, company had 1,319,646 subscribers for analog cable television services and 972,969 digital cable television subscribers. Hathway Cable & Datacom hold a pan-India ISP license and were the first cable television services provider to offer broadband internet services. They are currently India's largest cable broadband services provider with 953,084 two-way broadband enabled homes passed, as on 31 July, 2009.
In addition to cable television and broadband service offerings, they also generate advertising and airtime revenue from advertisements aired for and on behalf of channels owned by third parties, such as the Hindi movie channel, Cine Channel, and the music channel, iTV.