GTPL Hathway IPO Subscribed 1.53 Times On Final Day 

• Qualified institutional buyers subscribed 1.48 times
  
• Non Institutional Investors category subscribed 2.85 times
  
• Retail Investors subscribed 94 times
  
• GTPL Hathway will be listed on Tuesday
  

The initial public offering of GTPL Hathway Ltd., which offers cable TV and broadband services, was oversubscribed 1.53 times on the last day of offer on Friday.

The IPO received bids for 3.08 crore shares against the total issue size of 2.02 crore shares, data available with the National Stock Exchange showed. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 1.48 times while the high networth individual portion was subscribed 2.85 times the shares on offer. The retail investor category couldn't be completely subscribed as it received bids for 94 percent the shares on offer.

GTPL Hathway on Tuesday had raised over Rs 145 crore from anchor investors. The company is looking to raise around Rs 480 crore from the IPO, which comprises of a fresh issue of Rs 240 crore and an offer for sale of up to 1.44 crore shares. The price band of the IPO has been set at Rs 167-170 a piece.

The proceeds from the IPO will go towards repayment of loans and other general corporate purposes. JM Financial Institutional Securities, BNP Paribas, Motilal Oswal Investment Advisors and Yes Securities are managing the issue.

The shares will be listed on BSE and NSE.

Also Read: GTPL Hathway IPO Opens Today: Here's All You Need To Know

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