Bookbuilding IPO | ₹666 Cr | Listed at BSE, NSE | Tue, Feb 9, 2010 - Thu, Feb 11, 2010
Hathway Cable IPO is a book build issue of ₹666.00 crores. The issue is a combination of fresh issue of 2.00 crore shares aggregating to ₹480.00 crores and offer for sale of 0.78 crore shares aggregating to ₹186.00 crores.
Hathway Cable IPO bidding started from Feb 9, 2010 and ended on Feb 11, 2010. The shares got listed on BSE, NSE on Feb 25, 2010.
Hathway Cable IPO price band is set at ₹240 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,625 (25 shares) (based on upper price). The lot size investment for sNII is 34 lots (850 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (4,175 shares), amounting to ₹10,02,000.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Hathway Cable IPO RHP for detailed Information.
IPO Open
Tue, Feb 9, 2010
IPO Close
Thu, Feb 11, 2010
Issue Price
₹240 per share
Market Cap (Pre-IPO)
₹3,428.57 Cr
| IPO Date | 9 to 11 Feb, 2010 |
| Listed on | Thu, Feb 25, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹265 |
| Issue Price | ₹240 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,77,50,000 shares (agg. up to ₹666 Cr) |
| Fresh Issue | 2,00,00,000 shares (agg. up to ₹480 Cr) |
| Offer for Sale | 77,50,000 shares of ₹10 (agg. up to ₹186 Cr) |
| Share Holding Pre Issue | 12,28,57,100 shares |
| Share Holding Post Issue | 14,28,57,100 shares |
| BSE Script Code / NSE Symbol | 533162 / HATHWAY |
| ISIN | INE982F01036 |
Hathway Cable IPO comprises a total issue size of 2,77,50,000 shares. Out of which, 1,66,50,000 (60.00%) are allocated to QIB, 27,75,000 (10.00%) allocated to NII 83,25,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,66,50,000 | 60.00% | NA |
| − Anchor Investor Shares Offered | 49,95,000 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,16,55,000 | 42.00% | NA |
| NII (HNI) Shares Offered | 27,75,000 | 10.00% | NA |
| Retail Shares Offered | 83,25,000 | 30.00% | 3,33,000 |
| Total Shares Offered | 2,77,50,000 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,000 |
| Retail (Max) | 33 | 825 | ₹1,98,000 |
| S-HNI (Min) | 34 | 850 | ₹2,04,000 |
| S-HNI (Max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (Min) | 167 | 4,175 | ₹10,02,000 |
Incorporated in 1995, Hathway Cable & Datacom Limited is the leading cable television services provider in India, as well as one of the leading cable broadband services providers. Company offer analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 20 cities. Hathway Cable is the leading operator in several key markets of India including among others, cities such as Mumbai, Delhi, Bangalore, Ahmedabad, Hyderabad, Jaipur, Indore, Bhopal, Baroda and Surat.
As per MPA Report, Hathway is the largest distributor of digital cable in India. As of December 31, 2008, their digital television subscriber base constituted approximately 42% of the total digital cable television market in India . As of July 31, 2009, company had 1,319,646 subscribers for analog cable television services and 972,969 digital cable television subscribers. Hathway Cable & Datacom hold a pan-India ISP license and were the first cable television services provider to offer broadband internet services. They are currently India's largest cable broadband services provider with 953,084 two-way broadband enabled homes passed, as on 31 July, 2009.
In addition to cable television and broadband service offerings, they also generate advertising and airtime revenue from advertisements aired for and on behalf of channels owned by third parties, such as the Hindi movie channel, Cine Channel, and the music channel, iTV.
| 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 | Acquisition of Customers | 243.60 |
| 2 | Investment in the development of our digital capital expenditure, services and set top boxes | 156.40 |
| 3 | Investment in the 83 747 830 40 development of our broadband infrastructure, capital expenditure and services* | 83.00 |
| 4 | Repayment of loans | 96.70 |
| KPI | |
|---|---|
| RoNW | -24.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 77.37% | 66.55% |
| Market Cap | ₹3,428.57 Cr. |
The Hathway Cable IPO is subscribed 1.36 times on February 11, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.28 times in the retail category, 1.43 times in the QIB category, and 4.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.43 | 1,16,55,000 | |
| NII | 4.29 | 27,75,000 | |
| Retail | 0.28 | 83,25,000 | |
| Total | 1.36 | 2,27,55,000 |
CRISIL has assigned an IPO Grade 3 to Hathway Cable & Datacom Ltd IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for Hathway Cable & Datacom Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 19.98 |
| 2 | Advertising and marketing expenses | 4.45 |
| 3 | Printing and stationery | 4.18 |
| 4 | IPO grading expenses | 0.10 |
| 5 | Others (SCSB commission, Registrar’s fee, legal fees, auditor fees, Stamp Duty, Listing Charges etc. | 7.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹240.00 | ₹240.00 |
| Open | ₹246.00 | ₹250.00 |
| Low | ₹206.20 | ₹204.50 |
| High | ₹246.00 | ₹250.00 |
| Last Trade | ₹207.80 | ₹207.65 |
Hathway Cable IPO is a main-board IPO of 2,77,50,000 equity shares of the face value of ₹10 aggregating up to ₹666 Crores. The issue is priced at ₹240 per share. The minimum order quantity is 25.
The IPO opens on Tue, Feb 9, 2010, and closes on Thu, Feb 11, 2010.
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 Hathway Cable IPO using UPI as a payment gateway. Zerodha customers can apply in Hathway Cable IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hathway Cable IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hathway Cable IPO opens on Tue, Feb 9, 2010 and closes on Thu, Feb 11, 2010.
Hathway Cable IPO lot size is 25, and the minimum amount required for application is ₹6,000.
You can apply in Hathway Cable 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 Hathway Cable IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hathway Cable IPO allotment status.
The Hathway Cable IPO listing date is on Thu, Feb 25, 2010.
