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.