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Ortel Communications Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹200
Per Share
GMP
NIL
Grey Market
Est. Listing
₹200
Expected Price
Min. Application
₹30,000
2 lots × 75 shares
IPO Issue Details
Issue Price / Price Band₹200 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size75 Shares per Lot
Total Issue Size95,93,850 shares (aggregating up to ₹173.65 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 03 Mar 2015
Subscription CloseThu, 05 Mar 2015
Anchor AllotmentMon, 02 Mar 2015
Basis of AllotmentWed, 11 Mar 2015
Initiation of RefundsThu, 12 Mar 2015
Credit of Shares to DematThu, 12 Mar 2015
Listing DateThu, 19 Mar 2015
UPI Mandate Deadline2015-03-05
Application & Investment Details
Retail — Min (1 Lots)₹13,575 — 75 shares
Retail — Max (13 Lots)₹195,000 (13 Lots)
HNI — Min (15 Lots)₹2,03,625 — 1,125 shares
Pre-IPO Promoter Holding2,43,65,464 shares
Post-IPO Promoter Holding3,03,65,464 shares
Fresh Issue Shares60,00,000 shares (aggregating up to ₹108.60 Cr)
Offer for Sale Shares35,93,850 shares of ₹10 (aggregating up to ₹65.05 Cr)
About Ortel Communications Ltd.

Ortel Communications Ltd is a regional cable television and high speed broadband services provider, mainly engaged in the distribution of analog and digital cable television services, high speed broadband services & Voice over Internet Protocol ("VoIP") services. Company has well presence in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and West Bengal. They have built a two-way communication network for 'Triple Play' services (video, data and voice capabilities). Ortel provides its services under the brand names "Ortel Home Cable", "Ortel Digital" and "Ortel Broadband".Ortel Communications Ltd is among the ten major Multi System Operators in India ("MSOs"). Their business is broadly divided into:1. Cable television services comprising of (a) analog cable television services; (b) digital cable television services including other value added services such as HD services, NVoD, gaming and local content;2. Broadband services;3. Leasing of fibre infrastructure; and4. Signal uplinking services.Ortel Communications currently offer services in 48 towns and certain adjacent semi urban and rural areas with over 21,600 kilometers of cables supported by 34 analog head-ends and five digital head-ends. They use HFC (combination of optic fibre in the backbone and coaxial cable in the downstream) to build their network. They provide their service to both retail and corporate customers.

Objects of the Issue

Ortel Communications Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Expansion of the network for providing video, data and telephony services
67.98
2
2 Capital expenditure on development of the digital cable services
16.74
3
3 Capital expenditure on development of the broadband services
10.51
4
4 General corporate purposes
5.71
Shareholding & Lock-in
Pre-IPO Promoter Holding 2,43,65,464 shares
Post-IPO Promoter Holding 3,03,65,464 shares
Check AllotmentCheck Status →
Ortel Communications Ltd. — Live Price LIVE
₹200.00
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Issue ₹200.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹200
GMPNIL
Est. Listing₹200
Lot Size75 shares
Min Amount₹30,000
Listing Date19 Mar 2015
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹200
Listing Date19 Mar 2015
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 12,000,000 100.00% ₹240.00 Cr
* Based on ₹200.00 (upper price band)
Lot Size & Investment Details
Lot Size
75
Shares
Issue Price
₹200.00
Per Share
Min Investment
₹15,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 75 ₹15,000
Retail (Max) 13 975 ₹195,000
sNII (Min) 14 1,050 ₹210,000
bNII (Min) 68 5,100 ₹1,020,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30-Sep-1431-Mar-1431-Mar-13
Revenue from Operations 71.93 135.04 121.81
EBITDA N/A N/A N/A
Profit After Tax (PAT) 0.66 12.06 25.10
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹200
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW -243.7%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Ortel Communications Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Ortel Communications Ltd, B 7/122A Safdarjang Enclave, New Delhi - 110029, Delhi New Delhi, New Delhi
Book Running Lead Managers
Kotak Mahindra Capital Co.Ltd.
Book Running Lead Manager (BRLM)