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GTPL Hathway IPO Prospectus
What Are Analysts Saying?
GTPL Hathway IPO: Valuation looks expensive at current level; Avoid
Hem Securities, 21 Jun 2017
According to Hem Securities, recent considerations with TRAI might adversely affect GTPL Hathway\'s business, results of operation and financial condition. At price band of Rs 167-170, company is bringing the issue at p/e multiple of around 78 on FY17 Eps of Rs 2.19/share. The valuation looks expensive at current level.
Jainam Research recommend to 'Avoid' the GTPL Hathway IPO
Jainam Research, 21 Jun 2017
Jainam Research are citing GTPL Hathway\'s high capital intensive nature of business, highly competitive industry, dependency on broadcasters, inconsistency in generation of net profit in last 5 years.
Issue Details
Open Date: 21 Jun 17
Close Date: 23 Jun 17
Offer Price: Rs. 167
Issue Size: Rs. 240 Cr
Min Application Amount:
Rs. 14696
Min bid (No. of shares): 88
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 2006, GTPL Hathway Limited is Gujrat based Multi System Operator offering cable television and broadband services. GTPL Hathway is number 1 cable service provider in Gujarat with a market share of 67% of cable television subscribers.

GTPL Hathway provides digital cable television services in 169 towns across India. We provide cable television signals in both digital and analog modes of re-transmission.

GTPL's source of revenue for cable services is subscription income received from subscribers and carriage and placement revenues received from broadcasters for carrying their channels and placing their channels on their preferred channel number or position. GTPL also have the right to place the 'Gujarat News' channel on our network, which is produced by our Group Company, Gujarat Television Private Limited. GTPL produce its own content and also offer third-party content on its local channels to ensure that it has a suitable mix of content that appeals to a range of demographics."
Objective of the Issue
"Objects of the Issue:

The public offer comprises the Fresh Issue by the company and an Offer for Sale by the selling shareholders.

The Fresh Issue - Company proposes to utilise the funds repayment/pre-payment, in full or part, of certain borrowings; and general corporate purposes.

The Offer for Sale - Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -