GTPL Hathway plans to raise up to ₹485 crore, comprising a mix of ₹240 crore via fresh issue of shares and the remaining through an offer-for-sale of up to 1.44 crore shares in the price band of ₹167-170 a share.
The IPO will remain open from June 21 to 23. The offer-for-sale is being made by promoters Aniruddhasinhji Jadeja, Kanaksinh Rana, Amit Shah, Gujarat Digi Com and Hathway Cable and Datacom.
Bids can be made for a minimum of 88 equity shares and in multiples of 88 thereafter.
The book-running lead managers to the offer are JM Financial Institutional Securities, BNP Paribas, Motilal Oswal Investment Advisors and YES Securities.
GTPL Hathway is India’s leading cable TV distribution company reaching an estimated eight million households in over 169 cities across 10 States.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.