Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Ortel Communications IPO is a book built issue of Rs 66.11 crores.
Ortel Communications IPO bidding started from March 3, 2015 and ended on March 5, 2015. The shares got listed on BSE, NSE on March 19, 2015.
Ortel Communications IPO price band is set at ₹181 to ₹200 per share. The minimum lot size for an application is 75 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Kotak Mahindra Capital Company Limited is the book running lead manager of the Ortel Communications IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Ortel Communications IPO RHP for detailed information.
| IPO Date | March 3, 2015 to March 5, 2015 |
| Listing Date | March 19, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹200 per share |
| Lot Size | 75 Shares |
| Total Issue Size | 12,000,000 shares (aggregating up to ₹66.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 24,365,464 |
| Share holding post issue | 30,365,464 |
Ortel Communications IPO offers 9,442,575 shares. 6,442,575 (68.23%) to QIB, 1,800,000 (19.06%) to NII, 1,200,000 (12.71%) to RII. 16,000 RIIs will receive minimum 75 shares and (sNII) and (bNII) will receive minimum 1,050 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 6,442,575 (68.23%) | NA |
| NII (HNI) Shares Offered | 1,800,000 (19.06%) | |
| Retail Shares Offered | 1,200,000 (12.71%) | 16,000 |
| Total Shares Offered | 9,442,575 (100%) |
Investors can bid for a minimum of 75 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 | 75 | ₹15,000 |
| Retail (Max) | 13 | 975 | ₹195,000 |
| Lot Size Calculator | |||
The following individuals are the Promoters of the Company:
1. Mr. Baijayant Panda; and
2. Ms. Jagi Mangat Panda
| Share Holding Pre Issue | 64.03% |
| Share Holding Post Issue | 51.38% |
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.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 30-Sep-14 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | |
| Total Income | 719.34 | 1350.36 | 1218.05 | 1212.75 | 982.51 |
| Profit After Tax (PAT) | 6.61 | (120.64) | (250.98) | (169.24) | (190.37) |
| KPI | Values |
|---|---|
| RoNW | -243.7% |
The object of the company are to:
1. Expansion of network for providing video, data and telephony services;
2. Capital expenditure on development of digital cable services;
3. Capital expenditure on development of broadband services; and
4. General corporate purposes.
[Dilip Davda]
At the asking price this negative P/E IPO is a risky bet and hence no harm giving it a miss.
(Disclaimer: Author has no plans to invest in this IPO)
Read detail review...The Ortel Communications IPO is subscribed 0.76 times on March 5, 2015 6:15:00 PM. The public issue subscribed 0.39 times in the retail category, 1.00 times in the QIB category, and 0.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 0.09 |
| Retail | 0.39 |
| Total | 0.76 |
Ortel Communications IPO successfully closed, despite it remain unsubscribed, after the offer size been reduced. As per statement by the book running lead manager, 'Ortel has successfully raised its entire primary capital requirement as stated in the IPO Red Herring Prospectus, along with providing partial exit to New Silk Route (NSR)'.
Ortel Communications IPO received bids for 71,23,125 shares against an offer of 94,42,575 shares.
The Ortel Communications public issue comprise of two issues:
As the issue received bids for total 7,123,125, the first part of the issue which is fresh issue to the public is fully subscribed and thus the company will continue for list at BSE and NSE. The OFS part of the issue, which remain unsubscribed will be partial withdrawn.
| Listing Date | March 19, 2015 |
| BSE Script Code | 539015 |
| NSE Symbol | ORTEL |
| ISIN | INE849L01019 |
| Final Issue Price | ₹181 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹181.00 |
| ₹181.00 |
| ₹171.95 |
| ₹181.00 |
| ₹171.95 |
| NSE |
|---|
| ₹181.00 |
| ₹160.05 |
| ₹160.05 |
| ₹168.05 |
| ₹162.25 |
Ortel Communications Ltd
Ortel Communications Ltd,
B 7/122A Safdarjang Enclave,
New Delhi - 110029, Delhi
Phone: 91-11-46868800
Email: ipo@ortelgroup.com
Website: http://www.ortelcom.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ortel.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Ortel Communications IPO is a main-board IPO of 12,000,000 equity shares of the face value of ₹10 aggregating up to ₹66.11 Crores. The issue is priced at ₹181 to ₹200 per share. The minimum order quantity is 75 Shares.
The IPO opens on March 3, 2015, and closes on March 5, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ortel Communications IPO opens on March 3, 2015 and closes on March 5, 2015.
Ortel Communications IPO lot size is 75 Shares, and the minimum amount required is ₹15,000.
You can apply in Ortel Communications 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 Ortel Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ortel Communications IPO allotment status.
IPO Mentor (900+ Posts, 600+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
