Videocon d2h likely to bring IPO this Fiscal

[Aakalan]

MUMBAI: Direct to home
service provider
Videocon d2h is likely
to go ahead with its
proposed public float
(IPO) plan this financial
year, according to a top
company official.
The company had
received the permission
from market regulator
Sebi in March 2013 for
its proposed Rs 700-
crore IPO but did not
launch the same due to
bad market conditions.
"We are engaged with our advisors
and investment bankers. We have
appointed Axis Capital among
others to advise us on the same.
We are planning the IPO this
financial year itself," Videocon
director Saurabh Dhoot told PTI
here today.
The satellite TV arm of the
diversified Videocon group today
formally announced the change of
its name from Bharat Business
Channel to Videocon d2h.
Dhoot said the rechristening will
not have any impact on the IPO.
The company also unveiled its 4K
ultra high definition services which
it will roll out over next three
quarters, he said.
The company expects an uptick in
the sales of 4K or UHD panels in the
festive season and it would be
targeting its existing customer
base.
"It would begin with important
sports events which would be
enabled by the 4K feed. So we are
well prepared to launch that
service for our customers. Then we
would have movies and general
entertainment," he said.
The company caters to 11 million
customers and has been growing at
40 per cent CAGR, Dhoot said.
Company chief executive Anil Khera
said it would be a premium service
and the 4K Ultra HD box would cost
Rs 10,000.

Videocon D2H likely to bring IPO this fiscal - The Economic Times on Mobile

 

[Dileep Kumar]

Videocon Revives D2H IPO Plan, Shares Surge 9%

Shares in Videocon Industries surged over 9 per cent to Rs203.50 on Friday after the company said it is planning to launch an initial public offer for its direct-to-home arm this year.
The company had received market regulator Sebi's permission to launch aR700 crore IPO in March 2013. However, the company had delayed the IPO launch because of the weak market sentiment.
Direct-to-home service provider Videocon d2h is likely to go ahead with its proposed public float (IPO) plan this financial year, said a top company official.
"We are engaged with our advisors and investment bankers. We have appointed Axis Capital among others to advise us on the same. We are planning the IPO this financial year itself," said Videocon director Saurabh Dhoot.
Videocon d2h caters to 11 million customers and has been growing at 40 per cent annually, Mr Dhoot said.
As of 10.05 a.m. shares in Videocon Industries traded 7.15 per cent higher atR199.30 compared to 0.12 per cent gain in Nifty.
(With agency inputs) Videocon Revives D2H IPO Plan, Shares Surge 9% - NDTVProfit.com

 

[Jerome.J]

This IPO will surely benefit for customers of d2h also by a part. They already previewd UHD. Now it's time to new additions both SD & HD. Started additions today. New HD-STBs on the way.RF remote with earphones introduced.

Good days ahead for d2h viewers. :tup :tup

 

[Deepu]

Videocon d2h IPO by Diwali; money to go into expansion: CMD

Direct to home service provider Videocon d2h is looking at a Diwali release for its proposed public float (IPO) plan this financial year, according chairman and managing director Venugopal Dhoot. The company had received the permission from market regulator Sebi in March 2013 for its proposed Rs 700-crore IPO but did not launch the same due to bad market conditions. Below is the transcript of Venugopal Dhoot's interview to CNBC-TV18's Sonia Shenoy and Latha Venkatesh Sonia: If you can just tell us about the timeline of the d2h IPO. When do you think it could come on board and also what is the quantum of funds that you are looking to raise via this IPO? A: The d2h IPO will be coming by Diwali. The quantum of fund is around Rs 700 crore. We have been number one since we have entered into the market. We have 11 million customers in India. So, it is a great achievement by us and that is why we want to share this with the public. Latha: What is the arithmetic or the financials of the DTH project itself? How much cash losses are you making if at all? A: In this type of business beginning there is a cash loss. But this quarter we have made a positive EBITDA and here onwards it will be positive EBITDA only. In this type of business, once you enter into positive EBITDA, the rental income is so high that you never go into losses. That is why we are going public now that the profits have started coming in. This profit will be forever because of the inherent stay of DTH project. In India and across the globe, DTH has been very successful. Apart from that, we are giving this 4K technology, 4K set-top box which gives true visual of transmission and that will be having a revolution in all transmission technology and that we will be giving first in India and that will be great advantage to our customer. These are the benefits of our DTH. Apart from that you will see that this DTH, our quality has been very good, service is very prompt and people across India have liked it because our brand is very popular and at low cost we can distribute the same. Sonia: What will the funds be used for? Will it be purely for acquisition or will you use it to repay some of the debt as well? And if yes, what does the debt level stand at? A: It is required for the expansion of D2H project because one crore ten lakh is also small. We would very soon like to go up to 2 crore customers. Then we will have a big strength and for that expansion purpose we would be requiring money. Debt we will be paying back out of the EBITDA profit which we will be getting and that is quite in control. So, for DTH the expansion money will be required and that is why we decided to go for IPO.

Read more at: Videocon d2h IPO by Diwali; money to go into expansion: CMD - Moneycontrol.com