Ortel Communications Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,000,000 (75%) | — | ₹18,000 Cr |
| NII (HNI) | — | 1,800,000 (15%) | — | ₹3,600 Cr |
| Retail | — | 1,200,000 (10%) | — | ₹2,400 Cr |
| Σ Total | — | 12,000,000 (100%) | — | ₹240,000 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 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹195,000 |
| S-HNI (Min) | 14 | 1,050 | ₹210,000 |
| B-HNI (Min) | 67 | 5,025 | ₹1,005,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30-Sep-14 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Revenue | 72 | 135 | 122 |
| Profit After Tax | 1 | 12 | 25 |
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 Expansion of the network for providing video, data and telephony services – 67.98
- 2 Capital expenditure on development of the digital cable services – 16.74
- 3 Capital expenditure on development of the broadband services – 10.51
- 4 General corporate purposes – 5.71
Company Overview
Ortel Communications Ltd is a regional cable television and high speed broadband services provider, mainly engaged in the distribution of analog and digital cable television services, high speed broadband services & Voice over Internet Protocol ("VoIP") services. Company has well presence in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and West Bengal. They have built a two-way communication network for 'Triple Play' services (video, data and voice capabilities). Ortel provides its services under the brand names "Ortel Home Cable", "Ortel Digital" and "Ortel Broadband".
Ortel Communications Ltd is among the ten major Multi System Operators in India ("MSOs"). Their business is broadly divided into:
1. Cable television services comprising of (a) analog cable television services; (b) digital cable television services including other value added services such as HD services, NVoD, gaming and local content;
2. Broadband services;
3. Leasing of fibre infrastructure; and
4. Signal uplinking services.
Ortel Communications currently offer services in 48 towns and certain adjacent semi urban and rural areas with over 21,600 kilometers of cables supported by 34 analog head-ends and five digital head-ends. They use HFC (combination of optic fibre in the backbone and coaxial cable in the downstream) to build their network. They provide their service to both retail and corporate customers.