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.
Company Promoters:
The individual promoters of the Company are:
1. Mr. Akshay Raheja, age 27 years, has been a non-executive Director since 2000. He is a commerce graduate from the University of Mumbai and has obtained an MBA from Columbia Business School, New York.
2. Mr. Viren Raheja, age 25 years, has been a non-executive Director since 2008. He is a commerce graduate from the University of Mumbai and has obtained an MBA from London Business School.
Objects of the Issue:
The objects of the Issue are to:
1. Fund customer acquisitions;
2. Investment in the development of digital capital expenditure, services and set top boxes;
3. Investment in the development of broadband infrastructure, capital expenditure and services;
4. Repayment of loans; and
5. Fund expenditure for general corporate purposes.
Issue Detail:
»» Issue Open: Feb 09, 2010 - Feb 11, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 27,750,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 666.00 - 735.38 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 240 - Rs. 265 Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
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