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DishHome To Issue 2.4 Million Shares For Public

Nepal’s leading DTH and Internet service provider DishHome will issue 2.4 million shares to the public. Global IME Capital has been appointed as the issue manager for its IPO.

DishHome went public in 2017 and applied to SEBON for IPO issuance last year. As approval has been granted, the door has opened up for DishHome to raise its investment capital via IPO.

Check out: How to Apply for IPO and Transfer Shares Via Mero Share?

The digital TV & Internet service provider will be issuing 23,85,929 units of shares. It is likely each share will cost Rs.100 per unit so the number of total shares will amount to Rs.26.86 crores.

Originally a DTH service provider, DishHome started its fiber net in 2020 to diversify its range of services. Its next-gen internet service offers up to a massive 100Mbps connection at Rs.2,200. Dish Home seems to be quite aggressive in expanding their fiber internet service in Kathmandu valley, as they have a covered huge area in a very short period of time.

DishHome came into being in 2010 AD after the merger between two DTH operators: Home TV and Dish Nepal. It offers 57 HD channels and 137 SD channels under various categories from entertainment to sports and religion. They have been providing an attractive offer with a free DTH subscription on the purchase of the fiber Internet. And the best part is you do not need to have the TV in the same place as your fiber connection.

Do Read: Ntc to provide 22% shares to its customers

DishHome’s Ambitions

DishHome has nationwide coverage with over a hundred distributors and boasts a customer base of above 1.5 million. There was also the talk of The DTH introducing satellite internet using VSAT technology.

However, satellite internet will not come cheap. It will cost multimillions. Nepal doesn’t have its own satellite. DishHome is already relying on Israeli company Spacecom for its TV service. And now with the company investing in fiber net, it may have scrapped the plan for satellite internet. Or the whole talk might be just a rumor.

As per some reports, DishHome is known to have signed a pact for a merger with another digital TV solution provider, Prabhu TV to jointly provide their service which may include TV or internet or both. The collaboration could elevate their position as ISP/DTH provider in the country and boost their market share for sustainable growth.

DishHome’s Affordable Fiber net Package

DishHome has heavily emphasized building momentum and gain competencies in a crowded market of ISPs and digital TV solutions. Recently, it launched a very affordable fiber internet pack of 25Mbps for just Rs.233 to its Lifestyle HD Package subscribers. The offering came as its response to CG Net’s alluring 120Mbps net offer for Rs.999 per month.

IPO of DishHome will allow the Nepali public to be part of the country’s leading DTH provider which is aiming to grow bigger with the latest tech and innovation each year.

Check out: Worldlink to Issue IPO Soon

What do you think of DishHome’s upcoming IPO? Will you be eager to participate in the offer? Share your input with us in the comments section below.

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