IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
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.
Asianet Satellite Communications IPO Objectives
• A part of the fund will be used for development of network infrastructure.
• The fund will be utilised for long-term and short-term capital.
Why should you invest in the Asianet Satellite Communications IPO?
- 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
IPO Financials
| (₹ in millions, except for percentages) | 2021 | 2020 | 2019 |
|---|---|---|---|
| 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% |
Know before investing
Strengths
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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.
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The company has made significant investment in network structure.
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Due to high demand for broadband and higher speed, this is a flourishing industry.
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They have strong brand recognition in the South Indian market.
Risks
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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.
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Any pricing change in the market or other market pressure can affect the business.
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Inability to renew the subscription of the existing customer can seriously affect the finance of the company and hence affecting the business.
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As the subscribers is mainly based in Kerala, their inability to grow and retain the subscribers can affect the business directly.
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