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Offers From HDFC Securities |
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Hathway Cable and Datacom Ltd.
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| Issue Opens on |
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February 09, 2010 |
| Issue Closes on |
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February 11, 2010 |
| Bid Lot |
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25 Equity Shares |
| Price Band |
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Rs.240 to Rs.265 |
| No. of Shares |
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27,750,000 Shares |
| Issue size |
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Rs.666-735 cr |
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Issue highlights :
- Hathway Cable & Datacom Limited (HCDL) is a leading cable TV services provider offering analog and digital cable TV services across 125 cities & towns and high speed cable broadband services across 18 cities in India.
- HCDL reaches ~ 8 million cable homes across India supported by 71 analog heads, 19 digital head ends and more than 15,000 km of hybrid fiber co-axial network.
- As of Nov 31 2009 HCDL has 16,06,883 paying subscribers consisting of 13,47,491 analog subscribers and 2,59,392 CAS subscribers.
- As of December 31, 2008 HCDL‘s digital TV subscriber base constituted approximately 42% of the total digital cable TV market in India.
- HCDL being the first cable TV service provider to offer broadband services holds PAN India ISP license and covers 54% of total cable broadband subscriber base in India as on December 31st 2008.
- HCDL reported Average Revenue per User per month (ARPU) of Rs 307.39 in FY09 and for 6 months ended Sep-09 it stood at Rs 322.79 from its broadband internet subscribers. The company derived ~18% of its revenues from broadband services for 6 months ended Sep-09 as against ~16% in FY09.
- In FY09 income from operations increased by ~60% to Rs 663 Cr as against Rs 415 cr. The EBITDA margins stood at 14.2% and 19.1% in FY 09 & six months ended Sep-09 respectively.
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