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

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


Valuation:


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 www.rudrashares.com.

 

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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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.