Tata Play IPO Unlisted Share Price, Expected Date, GMP
Tata Play, formerly Tata Sky, is preparing for its Initial Public Offering (IPO), representing a notable event for the Tata Group since it is the conglomerate’s first IPO in 18 years. The IPO is scheduled to occur in November 2024, with specific dates and price specifics still to be determined.
This offering comes at a time when Tata Play aims to capitalize on its position as a leading Direct-To-Home (DTH) service provider in India, boasting over 600 TV channels and various services across standard and high-definition formats.
The IPO is projected to generate about ₹2,000-2,500 crore, with current investors like Temasek Holdings and Walt Disney likely to divest a portion of their holdings.
What Is Tata Play limited?
Contents
- 1 What Is Tata Play limited?
- 2 Tata Play IPO Details, Timeline, Reservation, Lot Size, Anchor Investors Details
- 3 Details of Changes in Promoter Holdings
- 4 Tata Play IPO Expected Date
- 5 About Tata Play Limited
- 6 Tata Play Unlisted Share Price
- 7 Company Financials
- 8 Key Performance Indicator, Objects Of The Issue (Tata Play IPO Objectives)
- 9 Tata Play Limited Contact Details, Prospectus, Registrar,Lead Manager(S)
- 10 Conclusion
- 11 Faqs
Tata Play Limited, formerly referred to as Tata Sky, is a leading Indian subscription-based Direct-To-Home (DTH) service provider. Tata Play, founded in 2001 and operational since 2006, has become a prominent content distribution platform in India, providing a diverse range of Pay TV and Over-The-Top (OTT) services.
The firm manages more than 630 channels, including both Standard Definition (SD) and High Definition (HD) formats, and has acquired a significant subscriber base of around 21.3 million customers as of March 2023, accounting for roughly 32.65% of the entire DTH market share in India. Tata Play has consistently advanced its products by providing features such as Personal Video Recording (PVR) technology, 4K set-top boxes, and a unique platform for consolidating many OTT services under Tata Play Binge.
Tata Play IPO Details, Timeline, Reservation, Lot Size, Anchor Investors Details
Tata Play IPO Details
| Detail | Description |
| Issue Type | Book Built Issue IPO |
| Issue Period | November 2024 |
| Price Band | To be announced |
| Total IPO Size | ₹2,000-2,500 crore |
Timeline
| Event | Date |
| Filing Date | November 29, 2022 |
| IPO Opening Date | November 2024 |
| Allotment Date | November 2024 |
| Listing Date | November 2024 |
Reservation and Lot Size
| Investor Category | Details |
| Qualified Institutional Buyers (QIBs) | Participating in the IPO |
| Non-Institutional Investors (NIIs) | Participating in the IPO |
| Retail Individual Investors (RIIs) | Participating in the IPO |
| Lot Size | To be announced |
Anchor Investors
| Detail | Description |
| Participation | Expected from major institutional investors (specific names not disclosed) |
Tata Play IPO Promoter Holding
Tata Play’s promoter holding structure has undergone several changes leading up to its upcoming IPO. Here are the key details regarding the current promoter holding:
Tata Play Promoter Holding Structure
| Promoter | Stake (%) |
| Tata Sons | 70% |
| Walt Disney Company | 30% |
| Temasek Holdings | 0% (previously held a stake, now divested) |
Details of Changes in Promoter Holdings
- Tata Sons: Recently increased its stake in Tata Play to 70% by acquiring a 10% stake from Temasek Holdings for approximately $100 million. This acquisition solidifies Tata’s majority control over the company.
- Walt Disney Company: Holds a 30% stake in Tata Play. There have been discussions regarding Disney potentially divesting its stake, as it is considered a non-core asset following its merger with Viacom18.
- Temasek Holdings: Previously held a stake in Tata Play but has divested its holdings, reducing its influence in the company.
Tata Play IPO Expected Date
Tata Play Limited, formerly known as Tata Sky, is preparing for its Initial Public Offering (IPO), which will mark a significant event for the Tata Group. Here are the key details regarding the IPO date and related information:
- Opening Date: The IPO is expected to open in November 2024.
- Closing Date: The IPO will close in the same timeframe, around November 2024.
- Allotment Date: The finalization of allotment is anticipated shortly after the closing of the IPO, likely in early November 2024.
- Listing Date: While not officially announced, the tentative listing date is expected to be in early November 2024.
About Tata Play Limited
Tata Play Limited, a significant Indian DTH provider, offers several television channels and services. The business seeks to raise 2,000-2,500 crore via an IPO, including new share issue and an OFS by existing shareholders. Tata Play, with over 21 million members, is primed to attract investors when it goes public.
After Tata Consultancy Services’ (TCS) 2004 IPO, this is the Tata Group’s first offering in over two decades.
There is no information regarding the unlisted share price till now.
Company Financials
| Financial Metric | Value |
| Net Loss | ₹105.25 crore |
| Revenue from Operations | ₹4,499.19 crore |
| Previous Year Revenue | ₹4,741.07 crore |
| Total Expenses | ₹4,691.25 crore |
| DTH Revenue | ₹4,240 crore |
| Broadband Revenue | ₹260 crore (up 49% from FY22) |
| Total Liabilities | ₹8,658.22 crore |
| Borrowings | ₹2,787.35 crore |
Key Insights
- Tata Play’s operating revenue fell 5.1% due to rising competition and market conditions.
- The firm ended the fiscal year with a net loss of ₹105.25 crore, compared to a profit of ₹68.6 crore in the previous year.
- Overall costs increased to ₹4,691.25 crore, showing persistent operating issues.
- Despite these hurdles, Tata Play’s internet income rose 49%, demonstrating its diversification beyond DTH.
Key Performance Indicator, Objects Of The Issue (Tata Play IPO Objectives)
Key Performance Indicators (KPIs) for Tata Play
Tata Play will use many KPIs to assess its financial health and operational effectiveness before its IPO. Some important firm KPIs:
| KPI | Description |
| Subscriber Growth | Number of new subscribers added over a period. |
| Revenue Growth | Year-over-year increase in total revenue. |
| Average Revenue Per User (ARPU) | Average revenue generated per subscriber. |
| Net Profit Margin | Percentage of revenue that remains as profit after expenses. |
| Churn Rate | Percentage of subscribers who discontinue service. |
| Content Acquisition Costs | Expenses related to acquiring content rights. |
| Operational Efficiency Ratio | Ratio of operating expenses to total revenue. |
Objects of the Issue (Tata Play IPO Objectives)
Tata Play’s IPO aims to boost its finances and development. The main goals are:
| Objective | Description |
| Raise Capital | To mobilize approximately ₹2,000-2,500 crore through the IPO for various operational needs. |
| Debt Reduction | Part of the proceeds may be used to reduce existing debt levels. |
| Expansion of Services | Funding will support the enhancement of broadband services and content offerings. |
| Technological Advancements | Investment in technology to improve service delivery and customer experience. |
| Strengthening Market Position | To solidify Tata Play’s position as a leading DTH provider amidst increasing competition. |
Tata Play Limited Contact Details, Prospectus, Registrar,Lead Manager(S)
Tata Play Limited Contact Details
| Detail | Information |
| Company Name | Tata Play Limited |
| Head Office Address | 18th Floor, Tower 1, One Indiabulls Centre, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013, India |
| Phone Number | +91 22 6666 2222 |
| [email protected] |
Tata Play IPO Prospectus
- Tata Play has submitted a confidential Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) as part of its IPO preparations. The final prospectus will be made available to the public shortly before the IPO opens for subscription.
- The IPO aims to raise approximately ₹2,000-2,500 crore.
Tata Play Registrar
- The registrar for Tata Play’s IPO is expected to be KFin Technologies Limited, which is commonly appointed for managing IPO processes in India.
Tata Play IPO Lead Managers
The following investment banks are serving as lead managers for the Tata Play IPO:
| Lead Manager |
| Kotak Mahindra Capital |
| Bank of America |
| Citi |
| Morgan Stanley |
| IIFL |
Tata Play IPO GMP
- Current GMP: Not available yet.
- Expected Trends: Investors typically monitor GMP as the IPO date approaches, which is set for November 2024.
Conclusion
The Tata Play IPO is an intriguing Indian stock market opportunity. One of the Tata Group’s first large offerings in over two decades, it is likely to attract investors wanting exposure to a well-known DTH brand. While share pricing and allocation specifics are yet unknown, market observers will closely monitor GMP and subscription movements before the IPO. Investors should carefully investigate and evaluate their financial objectives before investing in any product.
