GTPL Hathway limited is a Gujarat based multi system operator (MSO). It was incorporated in 2006. It provides services of cable TV and broadband services. GTPL is number one cable service provider in Gujarat and has big customer base across the country. GTPL Hathway limited IPO Review will look into the pros and cons of the IPO and the business model of GTPL. We will also try to locate the grey market premium (GMP) of the same issue.
About the company – GTPL Hathway Limited is essentially a Multi System Operator that operates all across India and provides services to more than 167 towns and cities in India. GTPL Hathway limited earns it revenues from subscription received from consumers (subscribers to its service) and placement and carriage revenue received from broadcasting companies who broadcast their channels. GTPL also creates it’s own content which they sell to others for broadcasting. It also has the ownership right of Gujarat news TV channel which others subscribe to them for viewing and broadcasting. In addition, to suit to taste of customers of different demographic region they also offer ‘third party’ content for subscription.
GTPL has made remarkable progress in the few years of its business. After commencement of business it has made a steady progress and EBITDA, PAT has made a steady northward movement. The company (as of 31 December, 2016) has a total asset of (all in RS. millions) 16,969.16, total revenue generated till that time 6,634.61 and profit after tax stands at 163.01. The financials shown in the chart above shows the audited report submitted at the AGM of it Kolkata arm namely GTPL Kolkata Cable and Broadband Pariseva Limited. More information can be found in the draft prospectus submitted by GTPL to SEBI.
About the issue:
Issue opens on – 21 June, 2017
Issue closes on – 23 June, 2017
Issue type – Book built issue IPO
Face value – Rs 10
Share price – Rs 160 to Rs 170 (price band) per equity share
Lot size – 88 and in multiples thereof
Issue size – Offer of 14,400,000 nos. of Equity Shares
Listing Exchange – NSE, BSE
Finalisation of allotment – 29 June, 2017
Credit of shares to Demat – 03 July, 2017
Commencement of trading at exchanges – 04 July, 2017
The IPO is expected to receive good response from investors. Keeping in view of the business model and profit growth, GTPL Hathway limited IPO Review finds the issue fair for investment.
For more information on other IPOs kindly visit our IPO review page. For the latest GMP check the grey market premium page. GTPL Hathway Limited IPO review is posted for educational purposes only. Investors must do their own research before investing.
Partha, an engineer by education, is theoratically actively following the stock and commodity markets since 1990. He is an active trader since 2003. He has received formal education in future and options and quantum analysis. He is presently working on research oriented projects using Python and data analytics.