Dish TV's current ARPU is at Rs 230-240 per month, which will grow to Rs 400. They are looking at an ARPU growth of 10-12% (YoY).

He adds that the capex needs for now will be taken care of by the Rs 500 crore raised. They see an EBITDA of USD 400 million by 2010-end

DTH service provider Dish TV India was trading at Rs 109.90 on BSE, supported by huge volumes.

Earlier, the Zee Group's demerged direct-to-home (DTH) arm listed at Rs 120 on the BSE against a base price of Rs 115. Dish TV has touched an intraday high/low of Rs 120 and Rs 100, respectively.

The stock has a circuit filter of 20%.

Dish TV India, previously known as ASC Enterprises, got demerged from Zee Entertainment Enterprises (ZEE) with effect from 12 February 2007 as part of the Zee group’s restructuring exercise.

The listing of Dish TV, which was earlier expected in late-March 2007, was earlier deferred due to a delay in getting regulatory approvals.

Dish TV commenced its operations in May 2005, by launching DTH services and was the first private Indian company to initiate DTH satellite broadcast operations in the country.

For every 100 shares of ZEE, shareholders were given 57.50 shares of Dish TV.

The paid-up equity capital of Dish TV India is Rs 42.82 crore. The face value per share is Re 1.

ENAM India Research, in a curtain raiser, has issued 'buy' rating on the scrip at Rs 120. Citigroup has estimated a fair value of Rs 90 - Rs 120 for Dish TV.