Dish Media Network Limited (Dish Home) to issue Initial Public Offering (IPO), added to SEBON's pipeline

Dish Media Network Limited, the company behind DishHome operations, is making plans to launch an Initial Public Offering (IPO). The application for this move has been submitted to the Securities Board of Nepal (SEBON) on Ashad 12, 2080 BS.

In the past, the company had previously submitted an application to the board on Ashad 30, 2077 BS for the issuance of 23,85,929 shares. However, the updated proposal is to offer 1,35,84,955 shares in the public offering, should SEBON give approval. At a face value of Rs 100, the IPO is valued at Rs 135.84 crores.

Prabhu Capital Limited has been appointed as the issue manager for this IPO by Dish Media Network Limited.

Background of Dish Media Network Limited: Dish Media Network Limited operates DishHome, a DTH (Direct-to-Home) service provider in Nepal. Formed in 2010 following the merger of two DTH providers, Home TV and Dish Nepal, DishHome is headquartered at Chyasikot, Bhaisepati, Lalitpur.

Dish Media Network is a prominent player in Nepal's broadcast and transmission services industry, particularly for High Definition and digital television channels.

Sandmartin International Holding (SMT) has been a significant shareholder of Dish Media Network Pvt. Ltd. since 2011. SMT contributes expertise in developing new technologies and digital innovations in satellite broadcasting.

The company is led by Mr. Sudeep Acharya as Managing Director, with Mr. Hem Raj Dhakal serving as the Chairman.

DishHome has extensive nationwide coverage, with 80 distributors, over 4000 Sub-Dealers, 1000+ Service Franchises, more than 20,000 Recharge Card Selling Outlets, and a workforce of 6000+ Technicians.

Dish Media Network Limited, known as "DishHome," stands out as one of the rapidly advancing companies within Nepal's broadcast and internet service sector. Established in 2009, it holds the distinction of being Nepal's pioneer and exclusive Direct-To-Home (DTH) Television service provider.

The company has established direct connectivity with over 2 million households through various platforms, including Satellite TV & Fibernet (Dish Media Network), Cable TV (SIM TV), T2 TV, and IPTV (Prabhu Digital).

An essential pillar of Dish Media Network's success lies in its extensive network, encompassing more than 5000 Dealers, Sub Dealers, and Service Franchises. This robust network ensures prompt and efficient services delivered directly to the customers.

Following more than a decade of prosperous involvement in Pay-TV services, DishHome expanded its offerings by introducing its Fiber-to-the-Home (FTTH) Internet service branded as "DishHome Fibernet" in 2020. At present, DishHome Fibernet has garnered a customer base of over 300,000 delighted retail clients. The service is delivered through skilled and certified Engineers and Technicians, ensuring a satisfying internet experience for its users.