The Internet and broadband penetration in India has been growing at a rapid pace due to the prevalence of smartphones and other modes of digital communication. The number of internet subscribers in the country increased from 251.6 million in fiscal 2014 to 825.4 million in fiscal 2021, representing a compound annual growth rate of 18%.<\/p>\n\n\n\n
Going ahead, the subscriber base is expected to increase by 6-8% and reach 1,050-1,100 million by the year 2025. Internet subscription in rural areas is expected growth by 10-12% by 2025.<\/p>\n\n\n\n
Asianet Satellite Communications Limited filed a draft red herring prospectus with the Securities and Exchange Board of India for a \u20b9765-crore initial public offering. The offering comprises fresh issuance of shares worth \u20b9300 crores, and an offer-for-sale of shares worth \u20b9465 crores by promoter Hathway Investments.<\/p>\n\n\n\n
Asianet Satellite plans to utilize an estimated amount of \u20b9160 crores from the net proceeds towards repayment or pre-payment of certain borrowings. The company will deploy \u20b975 crores for expanding infrastructure, including optical fibre cables, ONTs, OLTs, ducts and accessories. The remaining amount will be used for general corporate purposes.<\/p>\n\n\n\n
Asianet Satellite is one the leading internet service providers offering broadband service. It is also a multi-system operator that offers digital cable television services. The company predominantly operates in Kerala, amongst other southern states.<\/p>\n\n\n\n
The Kerala-based company, which was formed in 1992, had a market share of approximately 19% in fiscal 2021. Currently, it provides 494 television channels including 64 HD channels over its digital cable platform, in a wide range of genres.<\/p>\n\n\n\n
Asianet Satellite\u2019s main competitors include telecom players like BSNL, Airtel, Reliance Jio, Vodafone Idea, Den Networks, Hathway Cable & Datacom, Kerala Communicators Cable, Nxt Digital and Siti Networks.<\/p>\n\n\n\n
Asianet Satellite\u2019s net profit grew significantly to \u20b931.03 crores in fiscal 2021 from \u20b90.29 crore a year ago. Revenue from operations jumped to \u20b9510.06 crores from \u20b9450.9 crores. Since February 2020, the company\u2019s broadband business grew at an accelerated pace, mainly due to the COVID-driven shift to remote work\/study, increase in the consumption of entertainment content and spike in e-commerce activity.<\/p>\n\n\n\n
The company\u2019s business is dependent on its ability to renew existing subscriptions and retain average revenue per user and acquire new subscribers. There is no guarantee that the company would be able to achieve that. Also, competitors might offer less expensive subscription packages, which would result in a loss of subscribers for Asianet Satellite.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Internet and broadband penetration in India has been growing at a rapid pace due to the prevalence of smartphones and other modes of digital communication. The number of internet subscribers in the country increased from 251.6 million in fiscal 2014 to 825.4 million in fiscal 2021, representing a compound annual growth rate of 18%. 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The Indian addressable market for digital maps is expected to grow at a CAGR of around 15.5% and reach \u20b94\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":125040,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-medanta-hospital-chain-files-papers-for-public-listing\/","url_meta":{"origin":126200,"position":2},"title":"IPO Alert: Medanta hospital chain files papers for public listing","author":"Nishadkishore","date":"October 19, 2021","format":false,"excerpt":"The hospital industry in India is forecasted to grow to \u20b98.6 trillion by 2022 from \u20b94 trillion in 2017, at a CAGR of 16\u201317%. 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The estimated value of the footwear industry was around \u20b91 trillion as\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124744,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-we-can-expect-when-popular-vehicles-and-services-goes-public\/","url_meta":{"origin":126200,"position":4},"title":"IPO Alert: What we can expect when Popular Vehicles and Services goes public","author":"Nishadkishore","date":"August 13, 2021","format":false,"excerpt":"The automobile industry is one of the primary contributors to the Indian economy. 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In the fiscal year ended in March 2021, India produced approximately 23.4 million vehicles, of which\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124923,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-to-expect-when-tamilnad-mercantile-bank-goes-public\/","url_meta":{"origin":126200,"position":5},"title":"IPO Alert: What to expect when Tamilnad Mercantile Bank goes public","author":"Nishadkishore","date":"September 24, 2021","format":false,"excerpt":"The banking sector in India contributes around 7.7% to the country\u2019s GDP. 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