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Let’s have a detailed review of the company and analytics of the Asianet Satellite Communications IPO release date, IPO offer price, subscription, Asianet Satellite Communications Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs 4,650 Million
Fresh IssueRs 3,000 Million
IPO SizeRs 7,650 Million
Tick Size1

Asianet Satellite Communications IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Asianet Satellite Communications IPO – Summary

Asianet Satellite Communications IPOThey are one of the leading internet service providers (“ISP”) offering broadband internet service and multi-system operator (“MSO”) offering digital cable television services. They are predominantly present in Kerala, amongst other southern states.

According to CRISIL Limited’s (“CRISIL”) report titled “Assessment of broadband and television broadcasting industry in India” dated December 2021 (the “CRISIL Report”), they are one of the key ISPs in Kerala. They were among the top three fixed-broadband providers in the Kerala market and had a market share of approximately 19% in fiscal 2021 with 0.28 million wired broadband subscribers in the Kerala market

The Promoter of this company is VIREN RAJAN RAHEJA AND AKSHAY RAJAN RAHEJA. The lead manager to the issue is Axis Capital Limited, and the Registrar to this issue is Link Intime India Private Limited.


Asianet Satellite Communications IPO Date

The opening and the closing date of the Asianet Satellite Communications IPO are not available yet.

Check out Related IPO Links:

Asianet Satellite IPO GMP
Allotment – Asianet Satellite Communications IPO

Asianet Satellite Communications IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Asianet Satellite Communications IPO LIVE Subscription

  • Asianet Satellite IPO LIVE Bid details on BSE
  • Asianet Satellite IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Asianet Satellite Communications IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Asianet Satellite IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Asianet Satellite Communications IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Asianet Satellite IPO Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.7,650 Million.


Asianet Satellite IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.7,650 Million


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    Asianet Satellite Communications IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Asianet Satellite Communications Share Price

    Asianet Satellite Communications IPO Grey Market Premium

    The Asianet Satellite Communications Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Asianet Satellite Communications IPO – Company Overview

    Established in 1992, they started their business as a MSO offering cable television services. Leveraging the strong foundation, experience as well as cable network of their cable television business, they started to offer broadband services in 2000. Since then, their broadband business has been growing steadily.

    Since February 2020, the growth of their broadband business has further accelerated due to the COVID-19 pandemic driven by factors including, among other things, working from home (such as video conferencing and collaboration), learning from home, entertainment (such as online gaming, video streaming, and social media) and e-commerce. They registered a market share of 13%-15% between fiscal 2015 and 2020 in the fixed broadband market in Kerala.

    Asianet Satellite reported growth in fixed broadband subscribers of 10.54% CAGR from fiscal 2016 to fiscal 2021, faster than India’s average of 6% CAGR during the same period.

    They grew at 19.3% CAGR between fiscal 2019 and 2021 in terms of numbers of subscribers, which was faster compared to the growth of the Kerala fixed broadband market at a CAGR of 3.8%. As of June 2021, they were ranked 15th among 468 ISPs in India based on the number of subscribers at the pan-India level with 0.32 million total internet subscribers.


    Asianet Satellite Communications IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Total Assets6,953.896,768.686,719.136,466.49
    *Total Revenue2,944.175,154.564,565.144,283.15
    Total Expense2,664.764,733.934,449.204,155.13
    Profit After Tax166.73310.352.8992.57

    Earnings per Equity Share (in Million)

    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted1.663.080.030.92

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 310.35 Million, Rs. 2.89 Million and Rs. 92.57 Million respectively.


    Asianet Satellite IPO – Promoters

    The Promoter of this company is:

    1. VIREN RAJAN RAHEJA
    2. AKSHAY RAJAN RAHEJA

    List of Related Parties (Key Managerial Personnel)

    • Viren Rajan Raheja, Non-Executive Director, and Chairman
    • Sankaranarayana Gopalan, Non-Executive Director, and Vice-Chairman
    • Sreerama Murthy Chaganti, Managing Director and Chief Executive Officer
    • Suresh Pazhempallil Sivaraman Nair, Executive Director, and Chief Financial Officer
    • Joseph Conrad Agnelo Dsouza, Independent Director
    • Ankit Rajeev Somani, Independent Director

    Asianet Satellite Communications IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Asianet IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.7,650 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue100,689,225 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Asianet IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment/ prepayment, in full or part, of certain borrowings availed of by their Company and their Material Subsidiary, Asianet Digital Network Private Limited;
    2. Capital expenditure towards continued expansion of their network infrastructure; and
    3. General corporate purposes.

    Asianet Satellite Communications IPO – Business Strategy

    • Continue to grow their business, in particular, their broadband business by leveraging their market presence and network infrastructure
    • Further, invest in their network infrastructure and technology
    • Enter into new markets in India

    Asianet IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • One of the leading ISPs and MSO with significant market share in the fixed-line broadband and digital cable television market in Kerala;
    • Underpinned by technologically advanced infrastructure and network;
    • Well-positioned to capitalize on the growth in the fixed broadband market in India, an attractive market with significant existing unserved demand for fixed broadband services;
    • Strong brand identity in the markets they operate;
    • Strong financial metrics; and
    • Experienced board and management team as well as strong corporate governance.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-213.0814.6221.08
    31-Mar-200.030.16
    Mar-190.925.16

    Asianet Satellite IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Asianet Satellite Communications Limited10[●]3.0814.625,154.56
    Listed Peers
    Den Networks
    Limited
    1010.604.156.6614,982.41
    GTPL Hathway
    Limited
    1015.7416.7323.9125,300.35
    Hathway Cable
    & Datacom
    Limited
    215.281.436.3418,742.20
    Siti Networks
    Limited
    1NA(2.75) NA15,542.30
    Nxtdigital
    Limited
    10NA(11.92) NA10,084.51
    Bharti Airtel
    Limited
    5NA(27.65) NA10,12,586
    Vodafone Idea
    Limited
    10NA(15.40) NA4,21,264.00

    Asianet Satellite IPO Lead Managers

    Lead Managers

    Axis Capital Limited

    Nomura Financial Advisory and Securities (India) Private Limited

    Asianet Satellite Communications IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C-101, 247 Park
    L.B.S. Marg, Vikhroli (West)
    Mumbai – 400 083
    Maharashtra, India
    Tel.: 022-4918 6200
    E-mail: asianet.ipo@linkintime.co.in
    Investor grievance E-mail: asianet.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058

    Asianet Satellite IPO – Other Details

    • Statutory Auditor – B S R & Associates LLP, Chartered Accountants
    • Legal Counsel to the Company – Trilegal
    • Bankers to the Company –  ICICI Bank Limited, HDFC Bank Limited, RBL Bank Limited, and The Federal Bank Limited


    Asianet Satellite Communications IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Asianet Satellite Communications Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Asianet Satellite Communications IPO Review FAQs

      What is the Issue Size of Asianet Satellite Communications IPO?

      The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Asianet Satellite Communications IPO?

      The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Asianet Satellite Communications IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Asianet Satellite Communications IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Asianet IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Asianet IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Asianet IPO?

      Here are the promoters of this IPO – VIREN RAJAN RAHEJA AND AKSHAY RAJAN RAHEJA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Asianet IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Asianet IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Asianet Satellite Communications Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 310.35, 2020 is 2.89, 2019 is 92.57. PAT from Sep 2021 is 166.73.


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