GTPL Hathway IPO Basis of Allotment

GTPL HATHWAY LIMITED

Our Company was incorporated on August 21, 2006 at Ahmedabad as 'Gujarat Tele Link Private Limited', as a private imited company under the Companies Act, 1956. Pursuant to a resolution of our Board of Directors dated April 12,2013 and a resolution of our shareholders dated April 12,2013, the name of our Company was changed to 'GTPL Hathway Private Lmited' and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on May 6, 2013. Our Company was converted into a public limited company pursuant to approval of the board at a board meeting hald on Augusl 23, 2016 and shareholders at an extraordinary general rneeling held on August 26, 2016. Consequently, the name of our Company was changed to 'GTPL Hathway Lmited' and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted to our Common by the Roc on September 28,2016. For details of changes in the name and registered office of our Company see 'History and Certain Corporate Matters' on page 186 of the Prospectus dated June 27, 2017 ('Prospectus').

Registered Office: 202, Sahajangnd Shopping Center, Opposite Swaminarayan Mandir, Shahibaug, Ahmedabad 380004 Gujarat, India; Tel; +9179 3028 0340/41; Fax; +91 79 2562 6477
Corporate Office: 'GTPL HOUSE', Shree One Building, Opposite Armieda, Sindhu Bhavan Road, Near Pakwan Cross Road, Bodakdev, Ahmadabad 380059, Gujarat, India Tel: +91 796140 0000; Fax: +91 79 6140 0007. Contact Person: Mr. Tarun Kumar,
Company Secretary and Compliance Officer: Tel: +91 796140 0002. Fax: +91 796140 0007; Email: complianceofficer@gtpl.net Website: www.gtpl.net
Corporate Identity Number: U64204GJ2006PLC048908

OUR PROMOTERES: MR. ANIRUDDHASINHAJI JADEJA, MR. KANAKSINH RANA, GUJARAT DIGI COM PRIVATE LIMITED AND HATHWAY CABLE AND DATACOM LIMITED

Our Company has filed the Prospectus with the Registrar of Companies, Ahmedabad and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ('NSE') and BSE Limited (^'BSE') and the trading will commence on or about July 4, 2017.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 28,517,650 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF GTPL HATHWAY LIMITED (OUR 'COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 170 PER EQUITY SHARE ('OFFER PRICE') AGGREGATING TO RS 4,848 MILLION ^('OFFER^') COMPRISING A FRESH ISSUE OF 14,117,650 EQUITY SHARES AT APRICE OF RS 170 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 160 PER EQUITY SHARE AGGREGATING TO RS 2,400 MILLION ('FRESH ISSUE') AND AN OFFER FOR SALE OF 14,400,000 EQUITY SHARES AT A PRICE OF RS 170 PER EQUITY SHARE COMPRISING OF 1,136.000 EQUITY SHARES BY MR. ANIRUDDHASINHJI JADEJA, OUR PROMOTER, 440,000 EQUITY SHARES BY MR. KANAKSINH RANA, OUR PROMOTER. 5,480,000 EQUITY SHARES BY GUJARAT DIGI COM PRIVATE LIMITED, OUR PROMOTER. 7,200,000 EQUITY SHARES BY HATHWAY CABLE AND DATACOM LIMITED, OUR PROMOTER AND 144,000 EQUITY SHARES BY MR.AMIT SHAH, A SELLING SHAREHOLDER (COLLECTIVELY THE 'SELLING SHAREHOLDERS') AGGREGATING TO RS 2,448 MILLION ('OFFER FOR SALE'). THE OFFER CONSTITUTES 25.36% OF OUR POST OFFER PAID-UP EQUITY SHARE.CAPITAL OF OUR COMPANY.

OFFER PRICE: RS 170 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE OFFER PRICE IS 17 TIMES THE FACE VALUE
ANCHOR INVESTOR OFFER PRICE: RS 170 PER EQUITY SHARE

Risks to Investors

i. The 4 Merchant Bankers associated with the Offer have handled 16 public issues in the past three years out of which 4 issues closed below the issue price on listing date*
ii. The price/earnings ratio based on diluted EPS of Rs 8.09 per equity share on consolidated basis and of Rs 8.24 per equity share on standalone basis in Fiscal 2015 for the Issuer at the upper end of the Price band is as high as 21.01 on a consolidated basis and 20.63 on a standalone basis, respectively as compared to the price/earnings ratio of Ortel Communications Limited of 19.95 on standalone basis.#
iii. The average cost of acquisition of Equity Shares for our Selling Shareholders, namely, Mr, Aniruddhasinhji Jadeja is Rs 0.48 Hathway Cable and Datacom Limited is 40.19, Gujarat Digi Com Private Limited is Rs 65.09, Mr. Kanaksinh Rana is Rs 0.48 and for Mr. Amit Shah is Nil.
iv. The weighted average return on net worth for Fiscals 2014, 2015 and 2016 based on IND
(AS) Restated Standalone and Consolidated Financial Statements is 3.11% and 2.02%
respectively.

^{* Financial Years 2016-17, 2015-16 and 2014-15 have been
considered as past 3 years.

# Based on financial statement prepared under Indian GAAP. For the other companies to the
peer group, price to earning is Not Applicable as they have negative EPS for Fiscal 2016
OFFER PERIOD: OPENED ON: WEDNESDAY, JUNE 21, 2017

CLOSED ON FRIDAY, JUNE 23, 2017

ANCHOR INVESTOR BIDDING DATE; TUESDAY, JUNE 20, 2017
In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as
amended (the 'SCRR'). ihis was an Offer for at least such percentage of the
post-Offer paid-up Equity Share capital of our Company which was equivalent to Rs.4,000,00
million calculated at the Offer Price and the post-Offer capilal of our Company calculated
at the Offer Price is more than Rs.16,000 million but less than or equal to Rs.40,000
million. The Offer was made through the Book Building Process in compliance with
regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2009, as amended ('SEBI ICDR
Regulations'), wherein not more than 50% of the Offer was available for allocation on
a proportionate basis to qualified institutional buyers ('QIBs'). Our Company
and the Selling Shareholders, in consultation with the BRLMs, have allocated 60% of the
QIB Portion to Anchor investors ('Anchor Investor Portion') on a discretionary
basis, out of which at least one-third was available for allocation to Mutual Funds only
subject to valid Bids being received from domestic Mutual Funds at or above the Anchor
Investor Allocation Price. Such number of Equity Shares representing 5% of the Net QIB
Portion (defined herein below) was available for allocation on a proportionate basis to
Mutual Funds only, and the remaining Net QIB Portion was available for allocaljon on a
proportionate basis to all QIBs, including Mutual Funds subject to valid Bids being
revived at or above Offer Price. Further, not less than 15% of the Offer was available for
allocation on a proportionate basis to Non Institutional Investors and not less than 35%
of the Offer was available for allocation to Retail Individual Investors in accordance
with the SEBI ICDR Regulations, subject to valid Bids received from them at or above Ihe
Offer Price. All investors (except Anchor Investors) were required to mandatorily
participate in the Offer only through the Application Supported by Bocked Amount
('ASBA') process, and were required to details of their respective bank account
in which the Bid amount was blocked by the Self Certified Syndicate Banks
('SCSBs'), For further details, see 'Offer Procedure' on page 305 of
the Prosperous.
The Offer received 76,703 applications for 38,649,072 Equity Shares (prior to technical
rejections) resulting in 1.3553 times subscription. The details of the applications
received in the Offer from various categories are as under: (before technical rejections):

Category
No. of

Applications
No. of Equity

Shares applied
Equity Shares

reserved#
No. of times

Subscribed
Amount(Rs)

A
Retail Individual Bidders
76,609
9,474,784
9,981,178
0.9493
1,611,397,352

B
Non-Institutionalonal Bidders
72
11,977,944
4,277,648
2.8001
2,036,250,480

C
Qualified Institutionalonal Bidders
12
8,640,984
5,703,530
1.5150
1,468,967,280

D
Anchor Investors
10
8,555.360
8,555,294
1.0000
1,454,411,200

Total
76,703
38,649,072
28,517,650
1.3553
6,571,026,312

# at the upper end of the Price Band
Final Demand

A summary of the final demand as per BSE and NSE on the Offer Closing Date at different
Bid prices is as under.

Bid

Price
No. of

Equity Shares
% to

Total
Cumulative

Total
Cumulative

% of Total

167
76,472
0.25
76,472
0.25

168
49,544
0.16
126,016
0.41

169
38,544
0.12
164,560
0.53

170
22,238,480
71.56
22,403,040
72.09

CUTOFF
8,674,864
27.91
31,077,904
100.00

TOTAL
31,077,904
100.00

The Basis of Allotment was finalized in consultation with NSE on June 29, 2017.
A. Allotment to Retail Individual Investors (after technical rejections)

The Basis of Allotment to the Retail Individual Investors, who have placed Bid at the
Cut-Off Price or at the Offer Price of Rs.170 per Equity Share, was finalized in
consultation with NSE.This category has been subscribed to the extent of 0.9263 times. The
total number of Equily Shares Allotted in the Retail Portion is 9,245,104 Equity Shares to
74,703 successful Retail individual Investors. The under subscribed portion of 736,074
Equily Shares in the Retail Portion was spilled over to QIB Portion and Non-Institutional
Portion in the ratio of 50:15 i.e. 566,210 Equity Shares to QIBs and 169,864 Equity Shares
to Nils. The category wise details of the Basis of Allotment are as under;

Category
No. of

Applications

Received
% of

Total
Total No.

of Equity

Shares Applied
% to

Total
No.of Equity

Shares Allotted

per Bidder
Ratio
Total No.

of Equily

Shares Allotted

88
67,309
90.10
5,923,192
64.07
88
1:1
5,923,192

176
3,365
4.50
592,240
6.41
176
1:1
592,240

264
1,039
1.39
274,296
2.97
264
1:1
274,296

352
401
0.54
141,152
1.53
352
1:1
141,152

440
471
0.63
207,240
2.24
440
1:1
207,240

528
241
0.32
127,248
1.38
528
1:1
127,248

616
159
0.21
97,944
1.06
616
1:1
97,944

704
49
0.07
34,496
0.37
704
1:1
34,496

792
29
0.04
22,968
0.25
792
1:1
22,968

880
165
0.22
145,200
1.57
880
1:1
145,200

968
26
0.03
25,168
0.27
968
1:1
25,168

1056
42
0.06
44,352
0 48
1056
1:1
44,352

1144
1,407
1.88
1,609,608
17.41
1144
1:1
1,609,608

Total
74,703
100.00
9,245,104
100.00

9,245,104

B. Allotment to Non-Institutional Investors (After Technical Rejections)

The Basis of Allotment to the Non-lnstitutional Investors, who have placed Bid at the
Offer Price of Rs.170 per Equity Share, was finalized in consultation with NSE. The
Non-lnstitutional Portion has been subscribed to the extent of 2,6923 times. The total
number of Equity Shares Allotted in this category is 4,447,512 Equity Shares to 69
successful Non-Institutional Investors (including under subscribed portion of 169,864
Equity Shares spilled over from Retail Portion). The category-wise details of the Basis of
Allotment are as under: (sample as under)

Category
No. of

Applications

Received
% of

Total
Total No.

of Equity

Shares Applied
% to

Total
No.of Equity

Shares Allotted

per Bidder
Ratio
Total No.

of Equily

Shares Allotted

1,232
26
37.68
32,032
0.27
458
1:1
11,908

5,808
2
2.90
11,616
0.10
2,157
1:1
4,314

19,536
1
1.45
19,536
0.16
7,256
1:1
7,256

149,952
1
1.45
149,952
1.25
55,696
1:1
55,696

294,096
1
1.45
294,096
2.46
109,234
1:1
109,234

470,536
1
1.45
470,536
3.93
174,768
1:1
174,768

588,192
2
2.90
1,176,384
9.82
218,467
1:1
436,934

882,288
3
4.35
2,646,864
22.10
327,700
1-1
983,100

1,470.568
1
1.45
1,470,568
12.28
546,200
1:1
546,200

4,411,704
1
1.45
4,411,704
36.64
1,638,607
1:1
1,638,607

C. Allotment to QIBs excluding Anchor Investors

Allotment to QIBs (excluding Anchor Investors), who have placed Bid at the Offer Price of
Rs 170 per Equity Share, has been done on a proportionate basis in consultation with NSE.
This category has been subscribed to the extent of 1.3782 times of QIB Portion. As par the
SEBIICDR Regulations, Mutual Funds were Allotted 5% of the QIB Portion available and under
subscribed portion of 23,310 Equity Shares spilled over from Retail Portion i.e. 313,487
Equity Shares and other QIBs, including Mutual Funds were Allotted the remainng available
Equity Shanes i.e. 5,956,253 Equity Shares on a proportionate basis (including under
subscribed portion of 537,900 Equily Shares spilled over from Retail Portion). The total
number of Equity Shares Allotted in the QIB Portion is 6,269,740 Equity Shares (including
under subscribed portion of 566,210 Equity Shares spilled over from Retail Portion), which
were allotted to 12 successful QIB Bidders The category-wise details of the Basis of
Allotment are as under

Category
Fls/Banks
MFs
ICs
VCs
AIF
Fll
FPC
Total

QIB
420,705
1,436,981
631,121
-
-
-
3,780,933
6,269,740

D. Allotment to Anchor lnvestors

The Company and the Selling Shareholders, in consultation with the BRLMs. have allocated
8,555,294 Equity Shares to 6 Anchor Investor (through 10 Applications) at the Anchor
investor Offer Price of Rs.170 per Equity Share in accordance with the SEBI ICDR
Regulations. This represent 60.0% of the QIB Portion.

Category
Fls/Banks
MFs
ICs
VCs
AIF
Fll
FPC
Total

QIB
-
2,764,696
-
-
-
-
5,790,598
8,555,294

The Offer Committee of our Company on June 30, 2017 has taken on record the Basis of
Allotment approved by NSE and has allotted the Equily Shares to various successful
Bidders. The allotment advice cum refund intimations and/ or notices will be dispatched to
the addresses of the investors, as registered with the depositories. Further, instructions
to the Self Certified Syndicate Banks for unblocking of funds and transtor to Public Offer
Account have been issued on June 30,2017 and payment to non-Syndicate brokers have been
issued on July 3,2017. In case the same is not received within six Working Days, Bidders
may contact the Registrar to the Offer at the address given below. The Equity Shares
Allotted to the successful Allottees have been uploadede on June 30, 2017 for credit into
the respective beneficiary accounts subject to validation of the account details with the
depositories concerned. The Company has filed the Listing application with NSE and BSE on
June 30,2017 and the trading will commence on July 4, 2017.
All capitalised terms used and not specifically defined herein shall have the same
meaning as ascribed to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the allotment made have been hosted on the website of the Registrar to
the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may/ kindly be addressed to the Registrar to
the Offer quoting full name of the first/sole Bidder, Bid cum Application Form number,
Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of
the Bidder, number of Equily Shares applied for, the name and address of the Designated
intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of
the Acknowledgment Slip received from the Designated Intermediary at the address given
below:
Link intime India Private Limited

C,101, 1st Floor, 247 park, L B S Marg,

Vikhroli (Wast), Mumbai 400 083, India

Telephone: +91(22)4918 6200; Facsimile: +91 (22)4918 6195

Email: gtpl.ipo@linkintime.co.in ; investor
grievance id: gtpl.ipo@linkintime.co.in

Website, www.linkintime.co.in : Contact person.
Ms. Shanti Gopalkrishnan

SEBI registration number: INR000004058; CIN - U67190MH1999PTC118368

Place: Mumbai

Date: July 3,2017
For GTPL HATHWAY LIMITED

On behalf of the Board of Directors

sd/-

Company Secretary and Compliance Officer}

GTPL Hathway IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in GTPL Hathway IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The GTPL Hathway IPO basis of allotment (published above) tells you how shares are allocated to you in GTPL Hathway IPO and category wise demand of IPO share.

Visit the GTPL Hathway IPO allotment status page to check the number of shares allocated to your application.

GTPL Hathway IPO Basis of Allotment

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