The Cable & Broadband Service Provider, Hathway Cable & Datacom ltd, has decided to bring its IPO. The subscribers can start applying for the IPO from today i.e. 9th of February & the last date to subscribe is 11th of February. Hathway cable plans are to bring in around 735 crore rupees from the issue.

The company has decided to sell around 27.5 million shares for the price band of between 240 to 265 per share. The minimum bid has been fixed at 25 equity shares & multiple of 25 thereafter.

Though, the company has a good fundamental values but the track record doesn't seems too impressive. Although company gained a good percentage in terms of revenue generation over the last couple of years but company has also registered a net loss of Rs. 62 crores over an income of Rs 663 crore in the financial year 2008-09.