Hathway Cable & Datacom IPO : Opened today 9th Feb 2010

by khalid on 09/02/2010 · 0 comments

Hathway Cable & Datacom is the leading cable television services provider in India, as well as one of the leading cable broadband services providers. Company offer their digital cable services across 125 cities and broadband services across 20 cities. Company is the largest distributor of digital cable in India. As per Data company had 1319646 subscribers for analog cable television services and 972969 subscribers for digital cable television subscribers on 31st Jul 2009.

IPO of Hathway Cable & Datacom is open for subscription from today 9th Feb 2010 and will be available upto 11th Feb 2010 at premium of Rs 240 to Rs 265 on the purely book building process.

Proceeds of the issue will be used by the company for fund customer acquisitions, investment in the development of digital capital expenditure, services and set top boxes, investment in the development of broadband infrastructure, capital expenditure and services, repayment of loans and for general corporate purposes.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Details :-
Issue Period : 9th Feb 2010 – 11th Feb 2010
Issue Type : 100% Book Building process
Issue Size : 22755000 equity shares
Face Value : Rs 10 Per Equity Share
Price Range : Rs 240 to Rs 265 Per Equity Share
Market Lot : 25 shares
Minimum Order Quantity : 25 shares
Maximum Subscription Amount for Retail Investor : Rs 100000
IPO Grading : 3 out of 5
Rating Agency : Crisil Limited

IPO Allotment Details can be seen here later on.

Book Running Lead Managers for the IPO are :-
1. Kotak Mahindra Capital Company Limited
2. Morgan Stanley India Company Pvt Ltd
3. UBS Securities India Private Limited

Registrar of the Issue :-
Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: hathway.ipo@linkintime.co.in
Website: http://www.intimespectrum.com

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