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Hathway Cable & Datacom Ltd IPO (Hathway Cable IPO) Detail

February 9, 2010 - February 11, 2010

Hathway Cable IPO is a book built issue of Rs 666.00 crores.

Hathway Cable IPO bidding started from February 9, 2010 and ended on February 11, 2010. The shares got listed on BSE, NSE on February 25, 2010.

Hathway Cable IPO price band is set at ₹240 to ₹265 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,625.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and Ubs Securities India Private Limited are the book running lead managers of the Hathway Cable IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Hathway Cable IPO RHP for detailed information.

Hathway Cable IPO Details

IPO Date February 9, 2010 to February 11, 2010
Listing Date February 25, 2010
Face Value ₹10 per share
Price Band ₹240 to ₹265 per share
Lot Size 25 Shares
Total Issue Size27,750,000 shares
(aggregating up to ₹666.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue122,857,100
Share holding post issue142,857,100

Hathway Cable IPO Reservation

Hathway Cable IPO offers 22,755,000 shares. 11,655,000 (51.22%) to QIB, 2,775,000 (12.20%) to NII, 8,325,000 (36.59%) to RII. 333,000 RIIs will receive minimum 25 shares and (sNII) and (bNII) will receive minimum 775 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered11,655,000 (51.22%)NA
NII (HNI) Shares Offered2,775,000 (12.20%)
Retail Shares Offered8,325,000 (36.59%)333,000
Total Shares Offered22,755,000 (100%)

Hathway Cable IPO Lot Size

Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 25 ₹6,625
Retail (Max) 30 750 ₹198,750
Lot Size Calculator

Hathway Cable IPO Promoter Holding

The individual promoters of the Company are:
1. Mr. Akshay Raheja, age 27 years, has been a non-executive Director since 2000. He is a commerce graduate from the University of Mumbai and has obtained an MBA from Columbia Business School, New York.
2. Mr. Viren Raheja, age 25 years, has been a non-executive Director since 2008. He is a commerce graduate from the University of Mumbai and has obtained an MBA from London Business School.

Share Holding Pre Issue 38.15%
Share Holding Post Issue 32.81%

About Hathway Cable & Datacom Ltd

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.

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income6,728.764,346.653,086.312,532.382,085.78
Profit After Tax (PAT)116.95 46.7010.979.076.55

Key Performance Indicator

Objects of the Issue (Hathway Cable IPO Objectives)

The objects of the Issue are to:

1. Fund customer acquisitions;
2. Investment in the development of digital capital expenditure, services and set top boxes;
3. Investment in the development of broadband infrastructure, capital expenditure and services;
4. Repayment of loans; and
5. Fund expenditure for general corporate purposes.


Hathway Cable IPO Subscription Status (Bidding Detail)

The Hathway Cable IPO is subscribed 1.36 times on February 11, 2010 5:00:00 PM. The public issue subscribed 0.28 times in the retail category, 1.43 times in the QIB category, and 4.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.43
NII4.29
Retail0.28
Total1.36

Hathway Cable & Datacom Ltd IPO Grading / Rating

CRISIL has assigned an IPO Grade 3 to Hathway Cable & Datacom Ltd IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for Hathway Cable & Datacom Ltd

Hathway Cable IPO Prospectus

Hathway Cable IPO Rating

136
3.4
Rating:Rated 3.4 stars
Vote Here ...

Hathway Cable IPO Listing Details

Listing Date February 25, 2010
BSE Script Code 533162
NSE Symbol HATHWAY
ISIN INE982F01036
Final Issue Price ₹240 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹240.00
₹246.00
₹206.20
₹246.00
₹207.80
NSE
₹240.00
₹250.00
₹204.50
₹250.00
₹207.65

Check IPO Performance…

Hathway Cable & Datacom Ltd Contact Details

Hathway Cable & Datacom Ltd
Rahejas, 4th Floor,
Corner of Main Avenue & V. P. Road,
Santacruz (West), Mumbai - 400054
Phone: (91 22) 2600 1306/08/09
Email: info@hathway.net
Website: http://www.hathway.com

Hathway Cable IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: hathway.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Hathway Cable IPO FAQs

Hathway Cable IPO is a main-board IPO of 27,750,000 equity shares of the face value of ₹10 aggregating up to ₹666.00 Crores. The issue is priced at ₹240 to ₹265 per share. The minimum order quantity is 25 Shares.

The IPO opens on February 9, 2010, and closes on February 11, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Hathway Cable IPO opens on February 9, 2010 and closes on February 11, 2010.

Hathway Cable IPO lot size is 25 Shares, and the minimum amount required is ₹6,625.

You can apply in Hathway Cable IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Hathway Cable IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hathway Cable IPO allotment status.

The Hathway Cable IPO listing date is on February 25, 2010.
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Hathway Cable IPO Message Board

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165 Comments

165. Ravi, Bangalore |   Link |  Bookmark |March 25, 2010 5:27:51 PM
Hathway 203- Target 189-178 zone, 170-161 zone or even < 150.

It will become neutral on close > 205.

When closes > 214, it could rise to 250
164. www.bearsnbulls.com |   Link |  Bookmark |March 19, 2010 3:56:13 PM
log on to http://www.bearsnbulls.com for latest market updates and free market research
163. Ram |   Link |  Bookmark |March 9, 2010 7:14:57 PM
Getting included to BSE-500 hope this news should take it to the issue price.
162. K.K.Natarajan |   Link |  Bookmark |March 6, 2010 6:36:13 AM
@ Ravi, Bangalore,
Now that a week has passed would you please reassess Hathway cables and let me know whether I should hold or sell. I am happy that in this week the overall market condition as well as the price of this have improved.
161. Dhiren |   Link |  Bookmark |March 4, 2010 4:26:27 PM
FCSsoft has declared the bonus and record date was 2nd march. when it will be credited in my account?
160. tc |   Link |  Bookmark |March 4, 2010 12:39:28 AM
RAVI,

I like the below lines that was what i want to hear there are no technical analyst.if someone says he knows market he is biggest fool.thats true market is always above me and you are trade in its own ways and not according to technical charts.
if you think anlsyts hav anything to do then check the biggest analyst to be recommended in all tv,news is mr tulsian .if you check his ipo recommendation you will see his success ratio is not more than 10% so what kind of analyst.

although i say i have invested correctly in all recent ipos and got profits in all except nhpc which even i think is very good stock to hold for long term .


Luck is God's grace. You do your job, rest leave it to God. Luck is not in our hands.

Market is smarter than analysts whether my analysis or your analysis.
159. GEM IPO FINDER |   Link |  Bookmark |March 3, 2010 10:28:45 PM
LAAT MARA ENKO AQUA,THANGA,SYNCON,VASCON,HATHWAY, DB REALTY ETC,

GALE LAGAYA ENKONHPC,OIL,COX,INFINITE,DB CORP,JUBILANT ARSS,MAN,UBI ETC.

158. GEM IPO FINDER |   Link |  Bookmark |March 3, 2010 10:26:01 PM
I DID NOT GO FOR AQUA,THANGA,SYNCON,VASCON,HATHWAY, DB REALTY ETC,

RATHER I WENT FOR NHPC,OIL,COX,INFINITE,DB CORP,ARSS,MAN,UBI ETC.

157. GEM IPO FINDER |   Link |  Bookmark |March 3, 2010 10:22:30 PM
DEAR JATIN,
FIRST DONT APPLY TO EVERY IPO READ BLOGS HERE OF PEOPLE U TRUST, I DID NOT GO FOR AQUA,THANGA,SYNCON,VASCON,HATHWAY ETC, RATHER I WENT FOR NHPC,OIL,COX,INFINITE,DB,ARSS,MAN,UBI ETC.

DONT AVERAGE HATHWAY AT ANY PRICE I WOULD HAVE BEEN WAITED TILL I RECOVER MY COST BUT NOT A GOOD THING TO DO I GENERALLY DONT SALE SHARES AT LOSS I KEEP IT TILL COST ATLEST,TRY TO EXIT AROUND COST & TAKE CALCULATED LOSS IF U R READY
156. GEM IPO FINDER |   Link |  Bookmark |March 3, 2010 10:21:56 PM
FIRST DONT APPLY TO EVERY IPO READ BLOGS HERE OF PEOPLE U TRUST, I DID NOT GO FOR AQUA,THANGA,SYNCON,VASCON,HATHWAY ETC, RATHER I WENT FOR NHPC,OIL,COX,INFINITE,DB,ARSS,MAN,UBI ETC.

DONT AVERAGE HATHWAY AT ANY PRICE I WOULD HAVE BEEN WAITED TILL I RECOVER MY COST BUT NOT A GOOD THING TO DO I GENERALLY DONT SALE SHARES AT LOSS I KEEP IT TILL COST ATLEST,TRY TO EXIT AROUND COST & TAKE CALCULATED LOSS IF U R READY
155. jatin shah ranip |   Link |  Bookmark |March 3, 2010 10:05:45 PM
dear gem ipo finder sir i have alloted 200 shares of hathway @240 so plz can you tell me wat to do sell or an average.regards and thanks
154. Ravi, Bangalore |   Link |  Bookmark |March 3, 2010 2:56:23 PM
154. TC,

You identify good IPOs and avoid bad IPOs. Suppose your analysis go wrong, when you will exit? Do you mean to say you never go wrong in financial market investment?

To earn Rs.2, you should take a risk of Re.1 as per money management. Why short-term traders loose money? To earn Rs.2, they take a risk of Rs.5 or Rs.10 or even worse, when they loose Rs.20, they book loss. How they can make money?

It is easy to loose two year earnings in two months. To avoid, you should cut your emotion. In charts, trader identifies where buyers are struck, short-sellers are trapped subject to stop-loss. Using chart, you don't trade blindly and does not allow small loss to grow bigger. If there is no risk, people will leave their jobs and sit in trading halls.

Market fell from 21000 to 7800 and retraced almost 60 - 70% of fall. You develop your own trading method. Why you see analysts recommendtions in TV, Internet, SMS, newspaper etc. Similary, just because a company is fundamentally sound, you cannot withdraw fixed deposit to invest in stock market. Can you invest in Tata Goup comapnies, Reliance, Mahindra withdrawing your fixed deposits? Satyam was good company at Rs.400. When it came to sub-100, people realisd that something wrong. Fundamental analysis do not address market-related risk.

How many fundamental analysts downgraded Bharti Airtel when it was trading above 450? When it came-down to 300, fundamental analysts downgraded. By that time, it is too late. Everybody is long-term investors till market crashes.

When DLF was trading around Rs.600, it was good only for fundamental analysis. They downgraded when it was sub-300. DLF promoters might have fooled. But you should have analysed correctly. Market is full of sharks & cheating people. You should learn to trade with cheaters. That is your skill. No use of blaming anybody.

Financial markets are uncertain. Cutting loss early and allowing profit to grow is important. When you are wrong loose Re.1 and when you are right gain Rs.2. Without tools you are tempted to book profit at Re.1 and loose Rs.2 or even Rs.5.

Luck is God's grace. You do your job, rest leave it to God. Luck is not in our hands.

Market is smarter than analysts whether my analysis or your analysis.
153. TC |   Link |  Bookmark |March 2, 2010 8:46:21 PM
Hi Ravi,

I agree that one should follow techicals to understand market. my point is you might end up loosing money even if you follow technical charts. it is good to hear you earned in 7 out of 10 but there are many experts who follow techincal but end up loosing 7 out of 10.

here i was not talking about stocks in secondary market but IPO to tell everyone how you would be able to identify between good ipos and bad ipos.

it is always better to have good stocks in one portfolio and exit of bad stocks rather than getting more loss in them. although i dont think 2-3 months gains is better than 1 year gain because traders might be tempted to whatever they earn in 2-3 months to loose again in another 2 months.

If there was a technical chart then market would not have gone down from 21000 levels to 7800 when all experts and analyst asked to buy at 12000. same way if there was technical chart market would not have so quickly reached from 7800 to 17000 level.

it is the way you buy good stocks. you would see that people actually trust all tata group companies, reliance,mahindra companies but not anil ambani stocks,dlf as they fooled people woth asking price too high and then again caught people by saying that they will issue bonus shares and dlf to buy stock upto 600 rs.

i would say however good analyst you are if you dont have luck and time with you all your analysis fails.

152. Ravi, Bangalore |   Link |  Bookmark |March 2, 2010 7:00:51 PM
152. TC

When you are making money, what is the issue?

You said market won't follow technicals. Using technical analysis, I did not apply for FPO. Instead, I shorted & covered at 207 & gone long in futures and still holding it (you can check my earlier messages). I did not like applying to NTPC, REC FPOs as technically it was looking weak at that point of time. Hence, took short positions. I don't hesitate to book loss. Also, I don't hesitate to admit I am wrong. Adhering to stop-loss is required.

You must understand that reputed borkerage houses, FIIs, Mutual Funds hire technical analyst to get edge over fundamental research.

I am doing intra-day, positional trading based on technical analysis since three years not only in equities but also in commodities. Before learning technical analysis, I was holding stocks for one - two years. Now, I am managing to get similar return in three-six months. Even for intra-day, it is very helpful. However, long-term investment is a must for creating assets. Hence, I invest in good Mutual Funds (three funds) every monch regularly since 10 years.

I lost money in Indiabulls Power & Hathway. However, I made more than what I lost in intra-day itself. You can check my postings. Not only that, even in many other issues including bad issues (that I did not apply for IPO).

George Soros is the No. 1 short-term trader. His Quantum Fund is No.1 hedging fund in USA beating long-term legendery investor Warren Buffet. You should read his book "Fundamental Vs Technicals".

You better understand both are important in financial market investment. Both have its own merits & demerits. You are not favouring anybody by ignoring techicals.

Technical Analysis is not perfect science. Some failures are expected. Stop-loss will trigger. But, it will cut investors emotion. When I don't have emotion, I will cut Hathway as soon as it fell to 231. But many investors hesitate to book loss because emotion (earlier loss) come to their mind. Similary, fundamental analysis also have flaws. It does not address market-risk. Fundamental analysts sold Satyam, Unitech, DLF when those stocks lost 70% to 90%.

In trading, if you do 10 trades & 7 are successful, it is enough. I am not God to make profit always.

If you comment market won't follow technicals, people will think that you are stupid. If you are making money, you follow your trading method. However, don't comment on other investors method & integrity.
151. TC |   Link |  Bookmark |March 2, 2010 4:30:28 PM
HI RAVI.

IF you check earlier messages before ipo listing i have asked everybosy to apply in cox and kings,infinite computers ,jubiliant and ARSS Infra. There have been fight beween many people before cox and kings listing that it will go down but i stick to what i said .please check the message blogs.

i never liked and asked everyone not to apply thanga jewellery,hathway cable,vascon engineers, aqua logistic(though it give small gains but it will below issue price soon)

if you check i aslo asked everybody before REC LTd before ipo listing when everybody was saying that its looting people but i asked before ipo closed to apply in it.


150. Ravi, Bangalore |   Link |  Bookmark |March 2, 2010 2:02:52 PM
149. TC

What happens to NHPC / NTPC in long-termis known to everybody. Using technical analysis, what you earn in one year can be earned in just one or two months.

If you buy any Top 500 companies with reasonalbe valuation, everything is good in long-term. Your skill lies, whether you make same profit in 3 or 6 months?

You can tell your opinion in Cox & Kings, Jubilint, after everything has happened. But you should analyse & tell before applying for IPOs.

What opinion you have given in Jubiliant? Most investors are pessimistic. But I applied & given my opinion to apply. However, I have gone wrong on Indiabulls Power, Hathway Cables. I have applied for almost all IPOs (four applications) since June-July & lost in only two IPOs.

No regret for being wrong in two IPOs. Some people tell only success rate, but both success & failure rate matter for investors.

You should understand that everybody goes wrong, even FIIs, Mutual Funds. If you say all your predictions are right, then trusing you is difficult.
149. Ravi, Bangalore |   Link |  Bookmark |March 2, 2010 1:43:43 PM
149. TC

I accept my failure Hathway Cables. I never gave my opinion in Thangamavil Jewellery. Nobody can give you 100% correct information.

Opinions may differ. You may not like Hathway. But I like Hathway because it is bigger than Dish TV and have long history in cable business. I have exited at opening bell and waiting to accumulate at lower levels. I never regret for loosing money in Hathway Cables because I have gained great confidence using technical analysis. It cuts my emotion & I can catch short-term big moves.

You can tell after things have happened. To make profit, you should speculate before-hand.

Out of 10 trades, if you are right in 7, it is OK. It is not that how many times you are right or wrong is important, but how less you lost when you are wrong & how much profit you made when you are right is important.

If you buy REC at 210 and sell at 225, then you could have missed the big move! When we make technical analysis, trader controls emotion and holds for the next target level. Otherwise, catching big moves in short time is pretty difficult. Trader holds for big loss but never holds for big-profit in short-term. Emotion makes them the book profit early.

If you ignore technical analysis, it is at your own peril. You can see earlier message, at what level I have given opinion to go short in NTPC, REC with targets. Knowing both techncials & fundamentals helps you to make accurate projections. After-all information is the key to success and not knowing technical analysis costs you dearly. You may miss short-term big moves.
148. TC |   Link |  Bookmark |March 2, 2010 12:58:38 AM
HI Ravi,

I know you might be giving some technical charts but markets never follow that.
You were wrong in predicicting price for hathway cable and thad jewelleery both.Personally i never liked boththese companies and i asked everyone to stay away from them.

Here is what i analyse when you apply in ipo.the reason why jubiliant foodworks,infinite computers,cox and kings gine up because of excellent management and excellent growth prospects.morever they all are extremely poplar among foreign investors. secondaly there ipo were too small and hugely subscribed that even made it give good listing which i was sure about. cox and kings was an exception but it was very cheap in p/e and fav among f1.

same will happen with arss infra p/e is less, good oversubscription, very small issue of 100 crore.boost to infra.

right now everone says bad things about nhpc but reason it fall below issue price was it was a very large issue about 6000 crore whereas all these ipo cox and kings,jubiliant,inifnite small issue between 200-600 crores. i am sure if you invest in nhpc now you will good amount of money in long term as it is still a safe bet.

147. bhupinder |   Link |  Bookmark |March 1, 2010 4:27:52 AM
bhawin.u have lost nothing u have done what was to be done be happy u got the oppurunity to do it.alway keep 50%reserve for such action.good going
146. bhupinder |   Link |  Bookmark |March 1, 2010 4:20:00 AM
well done games bond good going play it is enjoyable in short term game try some time long termtoo u will enjoy more.goodluck&happy earning.