Lytus Technologies Holdings
(Note: Lytus Technologies Holdings PVT. Ltd. was tentatively set to price its IPO on April 20, 2022, but there was no pricing announcement as of mid-morning on Thursday, April 21, 2022, its expected trade date. This IPO is a small-cap unit offering of stock and warrants. IPOScoop has NO CALL on unit offerings that are not SPACs.)
We are a growing platform services company primarily providing content streaming/telecasting services with over 8 million active users located all across India. Our scope of business also covers telemedicine services with local assistance through local Health Centers. Through our platform, our customers are well connected via customer premises equipment (“CPE”) devices/set top boxes (“STBs) and have access to multi-dimensional services, including telemedicine service. (Incorporated in the British Virgin Islands)
Our customer base and expansive market presence position us to widen our portfolio of offerings. We have been focused on adopting and implementing technologies that can change the landscape of being a conventional streaming services provider.
We intend to benefit from India’s e-commerce boom and the recent telemedicine regulation through the acquisition of Global Health Sciences, Inc. (“GHSI”). The management of GHSI has many years of pioneering experience of the management in telemedicine in the U.S., which we believe will help us create a profitable and sustainable business model with rapid growth prospects. We believe that our deep understanding and local expertise have enabled us to create solutions that address the needs and preferences of our consumers in the most comprehensive and efficient way. We possess extensive local knowledge of the markets in which we operate, which we consider to be a key component of our success.
Note: Lytus Technologies Holdings reports its results on a fiscal year that ends on March 31. For FY ended March 31, 2021, Lytus Technologies reported revenue of $16.55 million and net income of $2.03 million, according to the prospectus.
(Note: Lytus Technologies Holdings PTV. Ltd. added warrants to its IPO offering – now a unit deal – in an F-1/A filing dated March 28, 2022: New terms are 3.25 million units (stock and warrants) at $4.75 to $6.75. Each unit consists of one share of common stock and one warrant to buy a share of common stock. The proposed symbols are “LYT” for the stock and “LYTWW” for the warrants. This is a NASDAQ listing. Lytus filed to go public on March 31, 2021, with initial terms of 2.72 million shares at $10 to $12. The price range was cut by 40 percent to $6.30 to $6.90 on Feb. 9, 2022; the price range was cut again on March 28, 2022, to $4.75 to $6.75, along with the deal’s restructuring as a unit offering.)
|Industry:||Content streaming, telecasting & telemedicine|
|Address||601 Everest Grande, A Wing Mahakali Caves Road Andheri (East) Mumbai, India 400 093|
|View Prospectus:||Lytus Technologies Holdings|
|Revenues||$16.55 mil (last 12 months)|
|Net Income||$2.03 mil (last 12 months)|
|Price range||$4.75 - $6.75|
|Est. $ Volume||$18.7 mil|
|Manager / Joint Managers||Aegis Capital Corp.|
|Expected To Trade:||4/21/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|