About Company’s Business:
They are a telecommunications solutions provider that offers consumer mobile services, fixed-line telephone, and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, encompassing the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura
About the Industry:
The projected growth of the customer base in the Rajasthan circle indicates an expected Compound Annual Growth Rate (CAGR) of 1.4% to 1.5% between Fiscals 2023 and 2028, aiming to achieve a range of 69.0 to 69.5 million customers, accompanied by a teledensity estimated at 82% to 83%. By Fiscal 2028, it is anticipated that the number of internet subscribers will escalate to a range of 62.5 to 63.0 million from the base of 46.9 million in Fiscal 2023, demonstrating a CAGR of approximately 6.0%. Similarly, the customer base in the Northeast circle is expected to grow at a CAGR of 1.0% to 1.5% between Fiscals 2023 and 2028, reaching 13.2 to 13.5 million subscribers, with a teledensity projected at 81% to 82%. By Fiscal 2028, internet users in the Northeast are anticipated to rise to 12.5 to 13.5 million, at a CAGR of 6.0% to 7.0%.
Key Financial Information (â‚ą in million):
| Particulars | Nine months period ended December 31, 2023 | Nine months period ended December 31, 2022 | Financial Year 2023 | Financial Year 2022 | Financial Year 2021 |
|---|---|---|---|---|---|
| Equity share capital | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 |
| Net Worth | 39,788 | 39,202 | 39,722 | 35,732 | 18,987 |
| Total income | 54,208 | 49,424 | 67,192 | 54,940 | 47,043 |
| Restated Profit/(Loss) for the period/Year | 2,818 | 3,473 | 5,492 | 16,746 | (10,339) |
| Earnings per equity share-Basic | 5.64 | 6.95 | 10.98 | 33.49 | (20.68) |
| Earnings per equity share-Diluted | 5.64 | 6.95 | 10.98 | 33.49 | (20.68) |
| Restated net asset value per Equity Share (Basic) | 88.32 | 80.15 | 84.19 | 73.21 | 39.72 |
| Restated net asset value per Equity Share (Diluted) | 88.32 | 80.15 | 84.19 | 73.21 | 39.72 |
| Total Borrowings | 62,530 | 63,498 | 62,693 | 71,983 | 59,752 |
Objective of the Issue:
- To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling
Shareholder, constituting 15% of the pre-Offer paid up share capital of our Company - To achieve the benefits of listing the Equity Shares on the Stock Exchanges
- General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, April 3, 2024 |
| Close Date | Friday, April 5, 2024 |
| Issue Size | â‚ą4,275.00 Crores |
| Price | â‚ą542 to â‚ą570 per share |
| Lot Size | 26 Shares |
| Basis of Allotment | Monday, April 8, 2024 |
| Initiation of Refunds | Wednesday, April 10, 2024 |
| Credit of Shares to Demat | Wednesday, April 10, 2024 |
| Listing Date | Friday, April 12, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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