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    Asianet Satellite Communications Grey Market News Today #ASIANET SATELLITE COMMUNICATIONS IPO
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    Asianet Satellite Communications Company Details
    Asianet Satellite Communications is one of the leading internet service providers (“ISP”) offering broadband internet service and multi system operator (“MSO”) offering digital cable television services. It is predominantly present in Kerala, amongst other southern states. According to CRISIL Limited’s report titled “Assessment of broadband and television broadcasting industry in India” dated December 2021 , it is one of the key ISPs in Kerala. It was 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 . Its cable television business, which is carried out by Asianet Digital Networks Pvt. Ltd. was among the top 13 MSOs/HITS operators in India as of June 2021 . It also has operations in Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, Odisha and Maharashtra.

    Established in 1992, Asianet Satellite Communications started its business as a MSO offering cable television services. Leveraging the strong foundation, experience as well as cable network of our cable television business, we started to offer broadband services in 2000. Since then, its broadband business has been growing steadily. Since February 2020, the growth of its 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. It registered a market share of 13%-15% between fiscal 2015 and 2020 in the fixed broadband market in Kerala . It 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 . It 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 CAGR of 3.8% . As of June 2021, it was ranked 15th among 468 ISPs in India based on number of subscribers at pan-India level with 0.32 million total internet subscribers
    For more information, click www.asianet.co.in

    The Promoters of Asianet Satellite Communications
    Viren Rajn Raheja & Akshay Rajan Raheja

    Asianet Satellite Communications IPO Main Objects
    The Offer comprises the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
    The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects:
    1. Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company and the Material Subsidiary, Asianet Digital Network Private Limited;
    2. Capital expenditure towards continued expansion of the network infrastructure

    Asianet Satellite Communications IPO Details
    IPO opens on (?) , 2022
    IPO closes on (?) ,2022
    Issue Type: Book Built Issue IPO
    Issue : up to ? Shares /Rs 765 Crore
    * Fresh Issue of (?) Sh/ Rs.300 Cr
    * Offer for Sale Up to (?) Sh/ Rs.465 Cr

    Face Value per share : Rs. 10

    Asianet Satellite Communications IPO Price Band Per Equity Share: Rs. (?)
    Asianet Satellite Communications IPO Retail Lot Size (?) Shares
    Asianet Satellite Communications Listing will at BSE,NSE

    Shares offered to
    QIB (?%) (?) Shares = Rs (?) Cr
    NII (?%) Shares = Rs (?) Crs
    RII (?%) Shares = Rs (?) Crs
    Emp(?%) Shares = Rs (?) Crs
    Lot size: (?) Shares = (?) Forms
    Min Retail Application : (?) Sh , Rs. (?)
    Max Retail Application : (?) Sh, Rs (?)

    Asianet Satellite Communications IPO Tentative timeTable
    Asianet Satellite Communications IPO Allotment on ? 2022
    Unblocking of ASBA ? 2022
    Credit to Demat Accounts ? 2022
    Listing on ? 2022

    Asianet Satellite Communications IPO Financial & Analytical Ratios
    Earnings per Share 2019-20 Rs 0.03
    Earnings per Share 2020-21,Rs 3.08
    Earnings per Share 2021-22 6M Rs 1.66
    Book Value of the Share as on 30.6.2021 Rs 22.91
    Return on Net Worth: 19-20 0.16 %
    Return on Net Worth: 20-21: 14.62 %
    Return on Net Worth: 20-21 6M : 7.23 %
    Equity Shares prior to the IPO : 100,689,225 Shares
    NAV per Equity Share after the Offer (?)
    Ratio Analysis
    Upper Price Band/last EPS:
    Upper offer price/Book Value Ratio
    Upper offer price/BV after IPO Ratio:

    Asianet Satellite Communications IPO Peer Comparison:
    Den Networks @ PE Multiple of 10.60
    GTPL Hathway @ PE Multiple of 15.74
    Hathway Cable @ PE Multiple of 15.28
    Siti Networks @ PE Multiple of NA
    Nxtdigital @ PE Multiple of NA
    Bharti Airtel @ PE Multiple of NA
    Vodafone Idea @ PE Multiple of NA

    Asianet Satellite Communications IPO Lead Managers 
    Axis Capital Nomura Financial Advisory
    Registrar to Asianet Satellite Communications IPO
    Linkintime India Pvt Ltd.

    Registered Office of Asianet Satellite Communications
    2A, 2 nd Floor, Leela Infopark, Technopark, Kazhakuttom, Thiruvananthapuram
    Company Secretary & Compliance Officer : Joby Mathew

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