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Hathway Cable and Datacom’s initial public offer (IPO) ended with full subscription on the final day of the offer. According to the data with the National Stock Exchange (NSE) the issue was subscribed 1.36 times. It received bids for over 3.08 crore shares against the offer size of 2.27 crore shares. Most of the bids received are those for the lower end of the price band fixed by the Company.

Though, the IPO remained fully subscribed on the final day, it received lukewarm response from the retail investors. The non-institutional investors lent good response to the issue. The shares reserved for qualified institutional buyers were subscribed 1.5 times and 4.22 times the shares reserved for the non-institutional investors. Retail investors bid for only 0.19 times the shares reserved for them.

Hathway Cable and Datacom is a leading MSO in the Indian region. The company offers broadband services, cable TV and digital cable TV services as well as broadcast a few number of channels.

Hathway opened its IPO on the 9th February and closed it on 11th February. The Company expects to raise around Rs 666-737 crore in total through the IPO. It had offered 2.77 crore shares in the IPO at a price band of Rs 240-265 a piece.

Earlier this week, it had also received commitment from around 13 anchor investors of Rs 120 crore. The anchor investors include Franklin India Funds, DSP Blackrock Funds, Reliance Capital Trustee, Copthall Mauritius Investment.