February 3, 2010 : The IPO of Hathway Cable & Datacom Limited, one of the leading cable television services provider in India, as well as one of the leading cable broadband services providers, opens for subscription from Tuesday, February 09, 2010.

The IPO would consist of 277.5 Lakh Equity Shares, each having a Face Value of Rs.10/- each. The issue comprises of a Fresh Issue of up to 200 Lakh Equity Shares by the company and an offer for sale of 72.10 Lakh Equity Shares by Monet Limited and 5.4 Lakh Equity Shares by MSPI Mauritius India Limited

The Company offers analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 18 cities.

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:

  1.  Issue Open: Feb 09, 2010 - Feb 11, 2010
  2.  Issue Type: 100% Book Built Issue IPO
  3.  Issue Size: 27,750,000 Equity Shares of Rs. 10
  4.  Issue Size: Rs. [.] Crore
  5.  Face Value: Rs. 10 Per Equity Share
  6.  Listing At: BSE, NSE

Book Running Lead Manager(s) :

1. Kotak Mahindra Capital Company Limited

2. Morgan Stanley India Company Pvt Ltd

3. UBS Securities India Private Limited

Registrar of the Issue:

Link Intime India Private Ltd