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GTPL Hathway IPO: Rudra Shares remains 'Neutral' on cut throat competition -
GTPL Hathway IPO: Rudra Shares remains 'Neutral' on cut throat competition
Rudra Shares and Stock Brokers | Published: 21 Jun, 2017  | Source :

Issue Highlights:

Issue Open : 21 Jun 2017 to 23 Jun 2017

Issue Type: Book Built Issue IPO

Issue Size: Offer for Sale of up to 14,400,000 equity shares

Face Value: Rs10 Per Equity Share

Issue Price: Rs167 - Rs170 Per Equity Share

Market Lot: 88 Shares

Minimum Order Quantity: 88 Shares

Listing At: BSE, NSE


Company’s dependent on third parties to provide majority of programming content could increase channel costs & change in Government laws may adversely affect its business.

Taking into consideration, cut throat competition, entry of New players at competitive prices, weak performance of cable industry in past years & forthcoming JIO in this particular industry may impact the company’s earning going forward. Therefore, our recommendation remains “NEUTRAL” for this IPO.

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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.