GTPL has a flat listing debut on bourses
DSIJ Intelligence / 04 Jul 2017
On July 4, 2017, GTPL was trading at Rs 171.40, up by 0.82 per cent on BSE at 11:29 hours. The scrip opened at the Rs 170. It touched its intraday high and low at Rs 174.50 and Rs 162.25.
On July 4, 2017, GTPL was trading at Rs 171.40, up by 0.82 per cent on BSE at 11:29 hours. The scrip opened at the Rs 170. It touched its intraday high and low at Rs 174.50 and Rs 162.25.
The initial public offer was oversubscribed by 1.53 times which opened for subscription on June 21-23. The portion reserved for qualified institutional buyers was oversubscribed 1.48 times and non institutional investors 2.85 times and the portion for retail investors was subscribed 99 percent.
The offer comprises of fresh issue of Rs 240 crore and the offer for sale up to 1.44 crore shares. The price band range between Rs 167-170 per share. GTPL had also raised Rs 145 crore from anchor investors.
The net proceeded amount received from its offer will be used to pare debt and improve its network infrastructure.
GTPL Hathway Ltd, provider of digital cable television and broadband services offers approximately 30 high definition (HD) channels. It has its geographical presence in Maharashtra, Gujarat, Rajasthan, West Bengal, Jharkhand, Bihar, Madhya Pradesh, Andhra Pradesh, Telangana and Assam.