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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.
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 Size | 27,750,000 shares (aggregating up to ₹666.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 122,857,100 |
Share holding post issue | 142,857,100 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 11,655,000 (51.22%) | NA |
NII (HNI) Shares Offered | 2,775,000 (12.20%) | |
Retail Shares Offered | 8,325,000 (36.59%) | 333,000 |
Total Shares Offered | 22,755,000 (100%) |
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 |
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% |
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.
Particulars | For the year/period ended (Rs. in Million) | ||||
31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
Total Income | 6,728.76 | 4,346.65 | 3,086.31 | 2,532.38 | 2,085.78 |
Profit After Tax (PAT) | 116.95 | 46.70 | 10.97 | 9.07 | 6.55 |
KPI | Values |
---|---|
RoNW | -24.31% |
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.
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)
Category | Subscription (times) |
---|---|
QIB | 1.43 |
NII | 4.29 |
Retail | 0.28 |
Total | 1.36 |
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
Listing Date | February 25, 2010 |
BSE Script Code | 533162 |
NSE Symbol | HATHWAY |
ISIN | INE982F01036 |
Final Issue Price | ₹240 per share |
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 |
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
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 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.
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