Receives bids for 82.03 lakh shares
The initial public offer (IPO) of GTPL Hathway received bids for 82.03 lakh shares on the second day of bidding, as per the data showed on NSE as at 16:45 IST. The IPO was subscribed 0.41 times. The IPO opened for bidding on 21 June 2017 and closes on 23 June 2017.
Ahead of the opening of the IPO, GTPL Hathway has raised Rs 145.43 crore from anchor investors by selling 85.55 lakh shares. The shares were allotted to the anchor investors at Rs 170 per share, the top end of the Rs 167 to Rs 170 per share price band for the initial public offering (IPO).
The anchor investors include Acacia Banyan Partners, Government Pension Fund Global, DB International Asia and BNP Paribas Mutual Fund, among others.
From the proceeds of the IPO, the company will spend Rs 229 crore for repayment of certain borrowing, and rest for general corporate purpose.
On a consolidated basis, the company's net sales for nine months ended December 2016 stood at Rs 651.93 crore. The net profit stood at Rs 21.40 crore.
GTPL Hathway, promoted by Aniruddhasinhji Jadeja, Kanaksinh Rana, Gujarat Digi Com and Hathway Cable and Datacom, is a leading regional multi system operator (MSO) in India, offers cable television and broadband services.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app