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.
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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|(₹ 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|
|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%|
A simple and smartest way to apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
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.
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.
Retail investors need to apply for the IPO using UPI
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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.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
You can submit only one application using one PAN card.
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The minimum investment size is one lot for retail investors.
It usually takes ten working days from the last day of subscription to list the IPO on the bourses.
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The minimum size of the application will be one lot.