GTPL is now trading at a discount in the grey market as against a peak premium of Rs 35.

The offer consists of an offer for sale (OFS) by existing shareholders of Rs 245 crore.

The company had earlier this week finalised the allocation of 8,555,294 equity shares to anchor investors.

A strong resistance around 9,700 level is proving too hard for the benchmark Nifty50 to cross.

The Nifty shed 20 points to end the session at 9,633.60, with 34 constituents in the red.

The company provides digital cable services to 189 towns in India.

GTPL Hathway has priced its shares in a price band of Rs 167-170 per share for the IPO.

The IPO, which opens on Wednesday, has a price band between Rs 167 and Rs 170 per equity share.

On a weekly basis, Sensex ended 0.12 per cent lower while NSE's Nifty shed 0.29 per cent.

Proceeds from the IPO will be utilised towards repayment of loan and other general corporate purpose.

The company's offer comprises a fresh issue of equity shares aggregating upto Rs 240 crore and an offer for sale of upto 14,400,000 shares.

Proceeds from the IPO will be utilised towards repayment of loan and other general corporate purpose.

GTPL Hathway's public issue comprises fresh issuance of equity shares worth Rs 300 crore

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"We have covered our funding requirement in terms of the internal accruals and the debt which we have arranged."