SAR Televenture IPO is a book built issue of Rs 24.75 crores. The issue is entirely a fresh issue of 45 lakh shares.
SAR Televenture IPO opens for subscription on November 1, 2023 and closes on November 3, 2023. The allotment for the SAR Televenture IPO is expected to be finalized on Monday, November 6, 2023. SAR Televenture IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.
SAR Televenture IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the SAR Televenture IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for SAR Televenture IPO is R.K.Stock Holding.
Refer to SAR Televenture IPO RHP for detailed information.
SAR Televenture IPO Details
| IPO Date | November 1, 2023 to November 3, 2023 |
| Listing Date | [8 November 2023.] |
| Face Value | ₹2 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
| Fresh Issue | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 15,000,000 |
| Market Maker portion | 230,000 shares R.K.Stock Holding |
SAR Televenture IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
SAR Televenture IPO Timeline (Tentative Schedule)
SAR Televenture IPO opens on November 1, 2023, and closes on November 3, 2023.
| IPO Open Date | Wednesday, November 1, 2023 |
| IPO Close Date | Friday, November 3, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Wednesday, November 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2023 |
SAR Televenture IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator |
SAR Televenture IPO Promoter Holding
M.G. Metalloy Private Limited is the promoter of the company.
| Share Holding Pre Issue | 87.80% |
| Share Holding Post Issue |
About SAR Televenture Limited
SAR Televenture Limited is a provider of telecommunication solutions to Telecom Network Operators. The Company is engaged in the installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems, and dealing in network equipment.
SAR Televenture is registered as Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). The company leases out build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establishes and maintains assets such as Dark Fibres, Right of Way, Duct Space, and Tower for the purpose of granting on lease or rent or sale basis to the licensees of Telecom Services.
The company also provides project management for laying of the duct and optic fiber cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre, and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra.
SAR Televenture has provided over 373 towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, the company acquired 100% of the issued and paid-up equity share capital of SAR Televenture FZE, United Arab Emirates (Formerly known as Shoora International FZE) from Shoora Capital Limited via a Share Purchase agreement. The subsidiary is engaged in the activities of Wholesale Fresh Foodstuff Trading -Import & Export; Ferrous and Non Ferrous Metal Trading Import & Export; Wireless Communication Devices and Equipment Trading; and Electronic Chips & Semiconductors trading Import/Export.
The company recorded a total revenue from operations of Rs. 3,246.17 Lacs and PAT of Rs. 388.38 Lacs in fiscal 2023.
SAR Televenture Limited Financial Information (Restated Consolidated)
SAR Televenture Limited’s revenue increased by 584.05% and profit after tax (PAT) rose by 10367.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,324.77 | 2,420.77 | 410.83 | 144.82 |
| Revenue | 1,735.35 | 3,251.63 | 475.35 | 90.71 |
| Profit After Tax | 192.38 | 388.36 | 3.71 | -2.71 |
| Net Worth | 3,324.40 | 1,178.72 | -7.74 | -11.57 |
| Reserves and Surplus | 3,114.40 | 1,113.42 | -11.91 | -15.62 |
| Total Borrowing | 752.18 | 839.01 | 337.09 | 136.87 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.65 |
| EPS (Rs) | 91.08 |
| RoNW | 32.95% |
Check SAR Televenture IPO Peer Comparison here.
Objects of the Issue (SAR Televenture IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Installation of 5G/4G towers.
- Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company.
- Funding the working capital requirements of the company.
- General Corporate Purposes (GCP).
SAR Televenture Limited Contact Details
SAR Televenture Limited
P.No – 346A, 2nd Floor
Udyog Vihar, Phase-4,
Gurugram – 122016
Phone: 0124 – 45133283
Email: info@sarteleventure.com
Website: https://sarteleventure.com/
SAR Televenture IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php