Bookbuilding IPO | ₹485 Cr | Listed at BSE, NSE | Wed, Jun 21, 2017 - Fri, Jun 23, 2017
GTPL Hathway IPO is a book build issue of ₹484.80 crores. The issue is a combination of fresh issue of 1.41 crore shares aggregating to ₹240.00 crores and offer for sale of 1.44 crore shares aggregating to ₹244.80 crores.
GTPL Hathway IPO bidding started from Jun 21, 2017 and ended on Jun 23, 2017. The allotment for GTPL Hathway IPO was finalized on Jun 29, 2017. The shares got listed on BSE, NSE on Jul 4, 2017.
GTPL Hathway IPO price band is set at ₹170 per share. The lot size for an application is 88. The minimum amount of investment required by an retail is ₹14,960 (88 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,232 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (5,896 shares), amounting to ₹10,02,320.
BNP Paribas is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to GTPL Hathway IPO RHP for detailed Information.
IPO Open
Wed, Jun 21, 2017
IPO Close
Fri, Jun 23, 2017
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹1,911.87 Cr
| IPO Date | 21 to 23 Jun, 2017 |
| Listed on | Tue, Jul 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹167 to ₹170 |
| Issue Price | ₹170 per share |
| Lot Size | 88 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,85,17,650 shares (agg. up to ₹485 Cr) |
| Fresh Issue | 1,41,17,650 shares (agg. up to ₹240 Cr) |
| Offer for Sale | 1,44,00,000 shares of ₹10 (agg. up to ₹245 Cr) |
| Share Holding Pre Issue | 9,83,45,388 shares |
| Share Holding Post Issue | 11,24,63,038 shares |
| BSE Script Code / NSE Symbol | 540602 / GTPL |
| ISIN | INE869I01013 |
GTPL Hathway IPO comprises a total issue size of 2,85,17,650 shares. Out of which, 1,42,58,824 (50.00%) are allocated to QIB, 42,77,648 (15.00%) allocated to NII 99,81,178 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,42,58,824 | 50.00% | NA |
| − Anchor Investor Shares Offered | 85,55,294 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 57,03,530 | 20.00% | NA |
| NII (HNI) Shares Offered | 42,77,648 | 15.00% | NA |
| Retail Shares Offered | 99,81,178 | 35.00% | 1,13,422 |
| Total Shares Offered | 2,85,17,650 | 100.00% |
Investors can bid for a minimum of 88 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,960 |
| Retail (Max) | 13 | 1,144 | ₹1,94,480 |
| S-HNI (Min) | 14 | 1,232 | ₹2,09,440 |
| S-HNI (Max) | 66 | 5,808 | ₹9,87,360 |
| B-HNI (Min) | 67 | 5,896 | ₹10,02,320 |
GTPL Hathway IPO raises ₹145.44 crore from anchor investors. GTPL Hathway IPO Anchor bid date is June 20, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 20, 2017 |
| Shares Offered | 85,55,294 |
| Anchor Portion (₹ Cr.) | 145.44 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 29, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 27, 2017 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 228.94 |
| 2 | General corporate purposes | 3.06 |
The GTPL Hathway IPO is subscribed 1.53 times on June 23, 2017 5:00:00 PM (Day 3). The public issue subscribed 0.99 times in the retail category, 1.48 times in the QIB category, and 2.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.48 | 58,30,336 | 86,46,968 |
| NII | 2.85 | 43,15,689 | 1,23,20,528 |
| Retail | 0.99 | 1,00,69,941 | 1,00,04,720 |
| Total | 1.53 | 2,02,15,966 | 3,09,72,216 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including Lead management fees, underwriting commission, brokerage and selling commission) | 14.22 |
| 2 | Commission and processing fees for SCSBs | 1.41 |
| 3 | Brokerage and selling commission for Registered Brokers(3), RTAs and CDPs | |
| 4 | Fees payable to Registrar to the Offer | 0.09 |
| 5 | Printing and stationery expenses | 1.82 |
| 6 | Advertising and marketing expenses | 2.98 |
| 7 | Others: i. Listing fees; ii. SEBI, BSE and NSE processing fees; iii. Fees payable to Legal Counsels; and iv. Miscellaneous. | 7.28 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹170.00 | ₹170.00 |
| Open | ₹170.00 | ₹170.00 |
| Low | ₹162.25 | ₹162.00 |
| High | ₹174.50 | ₹175.00 |
| Last Trade | ₹171.65 | ₹171.65 |
GTPL Hathway IPO is a main-board IPO of 2,85,17,650 equity shares of the face value of ₹10 aggregating up to ₹485 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 88.
The IPO opens on Wed, Jun 21, 2017, and closes on Fri, Jun 23, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GTPL Hathway IPO using UPI as a payment gateway. Zerodha customers can apply in GTPL Hathway IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GTPL Hathway IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GTPL Hathway IPO opens on Wed, Jun 21, 2017 and closes on Fri, Jun 23, 2017.
GTPL Hathway IPO lot size is 88, and the minimum amount required for application is ₹14,960.
You can apply in GTPL Hathway IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GTPL Hathway IPO will be done on Thursday, June 29, 2017, and the allotted shares will be credited to your demat account by Mon, Jul 3, 2017. Check the GTPL Hathway IPO allotment status.
The GTPL Hathway IPO listing date is on Tue, Jul 4, 2017.
