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Asianet Satellite Communications ltd IPO

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.



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

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

IPO Financials

(₹ in millions, except for percentages) FY21 FY20 FY19
Add: Profit before tax 420.63 115.94 128.02
Add: Depreciation and amortization expense 810.53 788.37 812.62
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 in IPO via UPI on Dynami

A simple and smartest way to apply in IPO online via Religare Dynami Mobile App

Why should you invest in the Asianet Satellite Communications ltd IPO?

Below are your top reasons:

  • 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

Know before investing

Strengths

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 has made significant investment in network structure.



Due to high demand for broadband and higher speed, this is a flourishing industry.



They have strong brand recognition in the South Indian market.

Risks

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.



Any pricing change in the market or other market pressure can affect the business.



Inability to renew the subscription of the existing customer can seriously affect the finance of the company and hence affecting the business.



As the subscribers is mainly based in Kerala, their inability to grow and retain the subscribers can affect the business directly.

How to apply for Asianet Satellite Communications ltd 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 ltd IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • If you’re a new investor, open an Dynami Demat account for free and begin your investment journey.

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