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GTPL Hathway Limited IPO Message Board (Page 5)

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71. CA M&co.Jodhpur |   Link |  Bookmark | June 22, 2017 10:15:05 PM
Fail ipo.
70. CA nkn |   Link |  Bookmark | June 22, 2017 6:34:26 PM
I AM NOT APPLY AND I AM NOT BULLISH ON THIS SECTOR
69. P Patel |   Link |  Bookmark | June 22, 2017 5:35:21 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
No one is interested on this counter.... it seems this IPO is going to fail....
68. Chem cho |   Link |  Bookmark | June 22, 2017 8:01:38 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
with the entry of reliance jio d2h in oct 17 all the players will run in loss

68.5. A.BHIWANI |   Link |  Bookmark | June 22, 2017 2:06:36 PM
@AKH
People''s standed in lines because 120 GB data pm was offered by jio at that time which costs at least 10000 pm and not 300-400 pm.
68.6. Pokemongo |   Link |  Bookmark | June 22, 2017 5:17:34 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
agree with bhiwani.. there is lot of wiring and all to mess with just for six months free people wont change dth!!!!and generally in one building area all uses same brand.
67. GrowYourMoney |   Link |  Bookmark | June 22, 2017 4:25:53 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Recommended Avoid to clients.
66. KNIpoInvestor |   Link |  Bookmark | June 22, 2017 4:17:03 PM
No Subscription figures in two days?
65. valour |   Link |  Bookmark | June 22, 2017 9:22:32 AM
Worst IPO ever...
Using its service because airtel broadband and other major companies do not provide have feasibility at my address...
They are making money by subscribing new customers but they don''t focus on service after that. Clearly snatching money from customers...
I am going to avoid this IPO. It has no future...
65.1. Mustang |   Link |  Bookmark | June 22, 2017 3:16:43 PM
I disagree on this. I am using GTPL broadband since last 3-4 years and have never faced any issues. Speed is uniformly maintained and would prefer it anytime over BSNL/Airtel etc. with no nonsense T&C such as FUP etc.
64. romy jain |   Link |  Bookmark | June 21, 2017 5:45:34 PM
TO ALL MY FRIENDS....I M FROM AHMEDABAD.....GTPL IS MY CUSTMORS....HE IS WORST....PLEASE DONT APPLY
64.2. Omkar Patkar |   Link |  Bookmark | June 22, 2017 1:52:14 PM
@Nirmal shah nailed it! :) ha ha ha.... also... @romy knows gender of the organization.....GTPL Hathway is some male guy.... as @romy refers it saying "HE"..... lolz... u made my day man.... many thanks :)
64.3. Sunder |   Link |  Bookmark | June 22, 2017 3:11:21 PM
When ROMY said my customer, he could be a Banker/a Vendor/an Associate of GTPL who have faced hardships in his capacity. "HE" referred to GTPL officials.

Instead of mocking him, ask for finer points which can benefit all
63. DHIRAJLAL |   Link |  Bookmark | June 22, 2017 8:52:01 AM
NO APPLY GOOD AVOID
62. Chem cho |   Link |  Bookmark | June 22, 2017 7:59:51 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Clear avoid
As is it no dth provider is doing well , videcon dth , also in loss
61. Chem cho |   Link |  Bookmark | June 22, 2017 7:59:46 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Clear avoid
As is it no dth provider is doing well , videcon dth , also in loss
60. ammubutter |   Link |  Bookmark | June 22, 2017 6:08:41 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Members pl .......think twice before applying gtpl........stay away from this ipo
59. STOCKT |   Link |  Bookmark | June 22, 2017 2:30:04 AM
ONLY FOOLISH PEOPLE WILL APPLY AS THIS STOCK IS DAMPENER
THIS STOCK WILL BE BELOW 40 RS IN 1 YEAR. TIME, WHEN THIS SECTOR IS ALREADY DOWN LOOK AT THEIR GUTS TO PRICE THIS TOO EXPENSIVE AS WELL
58. Septa |   Link |  Bookmark | June 21, 2017 11:33:06 AM (4000+ Posts, 4600+ Likes)
this is clearly an avoid it is small player which is dominated by listed and unlisted large players like TATA SKY DISH TV SUN AIRTEL AND MANY MORE JIO WILL ENTER THIS MARKET.

AT PRESENT THIS MARKET IS COMPLETELY SATURATED GROWTH WILL LIMITED SMALL PLAYER WILL EITHER DISAPPEAR OR WILL TAKEOVER TARGET AT PEANUTS

NEW TECHNOLOGY WILL MAKE BIG PLAYERS TO PROVIDED BETTER SERVICE AT CHEAP PRICE JIO ENTER WILL CERTAINLY DISRUPT THE MARKET COMPLETELY LIKE WHAT IT DID WITH MOBILE

I AM NOT APPLY AND I AM NOT THAT BULLISH ON THIS SECTOR
58.10. MINTO |   Link |  Bookmark | June 21, 2017 10:02:35 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
@Septa sir,
AU FINANCIERS IPO me apka kya VIEW hai?
58.11. UPINVEST |   Link |  Bookmark | June 21, 2017 10:49:34 PM
Thanks sir for guide us....

Regards
57. umeshh |   Link |  Bookmark | June 21, 2017 4:41:13 PM
BIG AVOIDDDDDDDD
56. Regulagedda Ambica Prasad |   Link |  Bookmark | June 21, 2017 2:42:52 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
QIBs showing interest in GTPL IPO first day itself.
0.21 times subscribed so far.
56.6. Regulagedda Ambica Prasad |   Link |  Bookmark | June 21, 2017 3:49:51 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
I State my views. No guiding or misguiding anyone. All of us are strong enough to exercise independent judgment. I will take a call on this IPO on 23-06-17 around noon. Likely to apply for minimum lots.
56.7. ammubutter |   Link |  Bookmark | June 21, 2017 3:55:10 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Arae baba......apply karo.....na karo......hum ko kya chinthaa...
55. IPO BABA |   Link |  Bookmark | June 21, 2017 3:15:33 PM
GTPL Hathway ka GMP kya hai. Jo IPO close ho chuka hai uski abhi baat karke kya fayda hai. Jo IPO chal raha hai ya aane vala hai uski hum baate kare to acha hai
54. Futurze Avenue |   Link |  Bookmark | June 21, 2017 3:14:39 PM
There are high chances that this DTH business will be eaten by 4G/LTE (internet online streaming) technology...

*Clearly clearly avoid* but yes just need to keep watch on subscription to take chance only for listing gain..
53. VALUE INVESTOR |   Link |  Bookmark | June 21, 2017 2:11:19 PM (900+ Posts, 600+ Likes)
premium.thehindubusinessline.com/portfolio/news-analysis/gtpl-hathway-expensive-postissue-shocks-possible/article9731434.ece?utm_source=email&utm_medium=Email&utm_campaign=Newsletter

GTPL Hathway: Expensive, post-issue shocks possible

BL RESEARCH BUREAU:
GTPL Hathway, India’s leading cable television operator, is making an initial public offer to raise around Rs 240 crore through a fresh issue of shares and another Rs 240 crore through an offer-for-sale.

Decent market share
The company, promoted by Hathway Cables and Datacom, has sizeable presence in the cable television segment in Gujarat and Kolkata with market shares of 67 and 24 per cent, respectively.

However, the cable television industry is currently facing multiple challenges that can affect the company’s prospects. High dependence on local cable operators (LCO) is another negative for the cable business of GTPL Hathway.

The broadband services business also faces competitive pressure from wireless Internet services provided by leading telecom players. Volatility in earnings and thin margins put the financials on a weak footing.

At the upper end of the price-band — Rs 170, the price-to-book ratio is 4.43 times for 2016-17 (annualised) according to Indian Accounting Standards — IndAS (3.2 times according to IGAAP).

Business challenges
This is expensive compared to peers such as Den Networks and Hathway Cables and Datacom that trade at 1.76 and 3.5 times, respectively. Investors can, therefore, stay away from this offer.

The cable television business accounts for roughly 85 per cent of GTPL’s revenue. This industry is expected to grow at a healthy clip over the coming years and GTPL’s presence in 189 towns across India give it good reach. However, the company faces stiff competition from other cable television players such as Den Networks and its parent, Hathway. The competition from DTH players such as Tata Sky and Bharti Airtel is also intense. Also, Reliance Jio’s expected foray into DTH could affect GTPL’s prospects.

Despite offering various regional channels and making good progress in digitisation, GTPL’s cable television is no match for DTH players, who offer superior channel quality and a wide variety of channels.

Heavy LCO dependence
GTPL is also heavily dependent on its LCOs to generate and maintain revenue. This can prove to be a deterrent to growth. As of January 2017, over 90 per cent of their customers came through LCOs. The LCOs are not under any long-term obligation to remain affiliated with GTPL. Thus, termination of agreement and loss of LCOs to other players could have a negative impact on the company.

The company’s broadband business is also on shaky ground as affordable prices of Internet services from the telecom players affect its pricing power. The company might have to incur additional expenditure on improving its technology if it wants to remain competitive.

Revenue, according to IndAS, has grown at a compounded annual growth rate of 18 per cent between FY14 and FY16; to Rs 738 crore in FY16. For the nine months ended December 2016, revenue grew at a healthy pace to Rs 652 crore. However, competition can temper this growth rate, going ahead. Profits have also been erratic, coming in at sub-Rs 8.5 crore, Rs 15.5 crore and Rs 4.6 crore in FY14, FY15 and FY16, respectively. Net profit margins are also very thin at 0.6 per cent for FY16. The company’s gross debt as on December 2016 stood at Rs 476 crore. Proceeds from the fresh issue will be primarily utilised to repay the company’s debt to the tune of Rs 228.9 crore.

52. Raj GMP |   Link |  Bookmark | June 21, 2017 1:17:06 PM
GTPL ka Premium ka kya bhaw hai.