GTPL Hathway, which offers cable TV and broadband services, has received capital markets regulator Sebi''s approval to float an initial public offering.
The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in December and received ''observations'' from the regulator on May 12, which is necessary for any firm to launch a public offer.
GTPL Hathway''s public issue comprises fresh issuance of equity shares worth Rs 300 crore and offer for sale of 1.8 crore scrips by the existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
Besides, the company is considering a pre-IPO placement of up to 90 lakh equity shares aggregating up to Rs 150 crore to certain investors.
Proceeds from the initial public offer (IPO) will be utilised towards repayment of loan and other general corporate purpose. GTPL Hathway is part of Hathway Cable and Datacom Ltd.
JM Financial Institutional Securities, BNP Paribas, Motilal Oswal Investment Advisors Pvt Ltd and Yes Securities will manage the company''s public issue.
As of September 30, 2016, the company''s digital cable TV services reached 169 towns across India, including towns in Gujarat, West Bengal, Maharashtra, Bihar, Assam, Jharkhand, Madhya Pradesh, Telangana, Rajasthan and Andhra Pradesh.
The company has about 5.41 million active digital cable subscribers.
I have not got any mail after I applied for HUDCO IPO through ICICI ASBA. The money is blocked so I am sure application was submitted. How do I find out the application number so that I can check the allotment status?
Let us see how hitherto unknown registrar Alankit fares. It''s a deadly combination of highest no of applications in recent times & inexperience of Alankit in processing asba applications (though old Co) 17/5/17 is only for basis of allotment.
Alankit is a well established share transfer agent largely handling psu companoes. They are registrar for huge bond schemes of infrastructure psu stocks .. That is much much bigger than even karvy. But ownership of this ageny is unknown being close to lutyens
lankit Ltd (BSE: 531082, NSE: ALANKIT), the flagship company of Alankit Group is a leading e-Governance Service provider in India . Alankit Group is a conglomerate of 10 Group companies with diversified activities into Financial Services, e-Governance, Insurance & Health Care verticals. Alankit is a professionally managed Group, led by a team of level headed personnel with outstanding managerial acumen. With a customer base of over 20 Million, this is increasing steadily year after year.
The major services offered by Alankit Limited include TIN Facilitation Center & PAN Center, Authorised Person (AP) for National Insurance - policy Repository (NIR), Point of Service (POS) for National Skills Registry (NSR), Manpower Services, Facilitator for Atal Pension Yojana (APY), Business Correspondent (BC), UID Enrolment (Aadhaar), Aadhaar Seeding, Printing of PVC Aadhaar Card, National Distributor for Entrust Datacard Printers, Authentication User Agency (AUA), KYC User Agency (KUA), Distribution Agency for LED Bulbs, Scanning & Digitization of Medical Records- www.recordxpert.com, Online Pharmacy etc.
With it''s Headquarter at Delhi, Alankit operates through a wide network of 24 Regional Offices across the country & presence in 3 overseas locations- London, Dubai & Singapore. With an existing customer base of over 20 Million, Alankit is consistently adding new lines of business as part of its diversification activities, without compromising with the core values & the basic philosophy of the Group.
It is trading at 24 Rs. with Face Value of Re1/. Regards Ranga
1153.3. P Patel| Link| Bookmark|
May 17, 2017 10:23:01 AM
IPO Mentor (900+ Posts, 900+ Likes)
Ranga - To add on top of this, Alankit is awarded as GST Suvidha Provider ( one of the biggest tax reform in inda ) - one of the 34 awardees. This will impact very good on future growth of Alankit.
Registrar of the issue- Alankit Assignments Ltd- is responsible for the allotment of IPO shares and refund process. An Alankit Assignments official said that for the retail category allotment of HUDCO shares will be done on lottery basis. But for other categories the basis of allotment is not finalised yet. Investors can check the details of allotment of IPO on Alankit website from May 18 onwards, the official added. A separate link will be added to the website for this purpose.
Mr Ghosh every individual has a subjective quantitative skills for analysis and there is no point in blaming anyone. Eagle eye is a respected and renowned member of this forum.
I am extremely sorry for my comment. Because i hold the schand share for few days after listing as per comment by eagleye. I AM EXTREMELY SORRY MAM FOR MY COMMENT. FOGIVE ME.
17th May – Finalisation of Basis of Allotment 18th May – Unblocking of ASBA 18th May – Credit to Demat Accounts 19th May – Listing on NSE & BSE