Asianet Satellite Communications IPO

Asian Satellite has drafted DRHP to raise Rs.765 crore via Initial Public Offering (IPO). The offers consist of a fresh issue worth Rs.300 crore and equity shares worth Rs.465.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Asianet Satellite Communications IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Asianet Satellite Communications

Asianet Satellite Communications is an internet service provider that offers internet service and multi system operator offering digital cable television services. This Kerala based company is one of the key ISPs in Kerala. Being among the top three fixed broadband providers in Kerala, they have a market share of approx 19%in FY21.

Started in 1992, they started their business as a MSO offering cable television services. The company started the broadband services in 2000.

Asianet Satellite Communications IPO Objectives

• A part of the fund will be used for development of network infrastructure.
• The fund will be utilised for long-term and short-term capital.

Why should you invest in the Asianet Satellite Communications IPO?

  • The pandemic accelerated the broadband business. With the increase of work from home, learning from home, entertainment (such as online gaming, video streaming and social media) and e-commerce, this industry is blooming right now. The brand had a market share of 3% - 15% between fiscal 2015 and 2020 in the fixed broadband market in Kerala.
  • The company grew at 19.3% CAGR between fiscal 2019 and 2021 in terms of numbers of subscribers

Financial Highlights

(₹ in millions, except for percentages) Year ended March 31
  2021 2020 2019
Profit before tax 420.63 115.94 128.02
Add: Depreciation and amortization expense 810.53 788.37 812.62
Add: Finance costs 202.90 261.83 227.93
EBITDA 1,434.06 1,166.14 1,168.57
Less: Other income 53.88 56.09 143.29
Adjusted EBITDA (A) 1,380.18 1,110.05 1,025.28
Revenue from operations (B) 5,100.68 4,509.05 4,139.86
Adjusted EBITDA Margin (A/B) 27.06% 24.62% 24.77%

How to apply for Asianet Satellite Communications IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Asianet Satellite Communications IPO and approve the payment on your UPI ID.

Demat Account

Asianet Satellite Communications IPO Noteworthy Highlights:

  • For the year March 31, 2019, 2020 and 2021 and the six months ended September 30, 2021, the revenue of the broadband business was ₹1,365.36 million, ₹1,450.32 million, ₹2,107 million and ₹1,301.02 million, respectively.
  • As of September 30, 2021, we had approximately 1.14 million active digital cable television subscribers and our digital cable television services reached 734 cities, towns and villages in Kerala, Karnataka, Telangana, Andhra Pradesh and Odisha.

The Brand’s Pros & Cons:

Pros Cons
Asianet Satellite Communications is one the key players of ISP and MSO with significant market share in the fixed line broadband and digital cable television market in Kerala. The company is dependent on Kerala State Electricity Board Limited and the Thrissur Corporation Electricity Department for cables drawn on electric poles. Any failure in renew agreements to draw cable line will affect the business directly.
The company has made significant investment in network structure. Any pricing change in the market or other market pressure can affect the business.
Due to high demand for broadband and higher speed, this is a flourishing industry. Inability to renew the subscription of the existing customer can seriously affect the finance of the company and hence affecting the business.
They have strong brand recognition in the South Indian market. As the subscribers is mainly based in Kerala, their inability to grow and retain the subscribers can affect the business directly.

Competitive Analysis: Market Peers

Competitor analysis of players in the Indian TV broadcasting and broadband industry.

Company
Business Segments
  Internet Cable/DTH Telecom/Telecom Infra Geographical Presence
Bharat Sanchar Nigam Ltd. (BSNL)   Pan-India
Bharti Airtel Ltd. (Airtel) Pan-India, Africa, Bangladesh, Sri Lanka
Den Networks Ltd. (Den)   Delhi NCR,Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, MP, Haryana
Hathway Cable and Datacom Ltd. (Hathway)   Pan-India
Kerala Communicators Cable Ltd. (KCCL)     Kerala
Nxtdigital Ltd. (Nxt Digital)   Pan-India
Reliance Jio Infocomm Ltd. (Jio)   Pan-India

Asianet Satellite Communications IPO FAQs

What is Asianet Satellite Communications IPO?

Asian Satellite has drafted DRHP to raise Rs.765 crore via Initial Public Offering (IPO). The offers consist of a fresh issue worth Rs.300 crore and equity shares worth Rs.465.

When will the Asianet Satellite Communications IPO allotment be available?

Details are not available.

What will be the Asianet Satellite Communications IPO lot size?

Details are not available.

When will Asianet Satellite Communications IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When is the Asianet Satellite Communications IPO listing date?

Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Asianet Satellite Communications IPO?

To check the allotment status of Asianet Satellite Communications IPO, Angel One investors can log in to their account.

What is the size of Asianet Satellite Communications IPO?

Details are not available.

How will I receive shares?

Your shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI id.

How to apply for this Asianet Satellite Communications IPO via the Angel One App?

Follow the simple steps below:
  • Log in to your account
  • Select Asianet Satellite Communications from the Active IPO list
  • Click 'Apply'
  • Complete the bidding process and make payment through UPI
  • Approve payment mandate on your UPI handle

What is the minimum order quantity for Asianet Satellite Communications IPO?

Details are not available.

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