SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.
SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services.
The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintaining ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
As of May 31, 2024, the company has installed a total of 413 leased towers across various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands.
The Company is a ISO 9001:2015, ISO 140001: 2015, and ISO 45001: 2018 certified company.
On January 3, 2023, the company entered into a share purchase agreement to acquire 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates (formerly known as Shoora International -F.Z.E) from Shoora Capital Limited. Our subsidiary is currently involved in laying and installing fiber cables and trading network equipment.
As of May 31, 2024, the company has 38 employees in various departments.
SAR Televenture FPO – Details
| FPO Opening Date | 22 July 2024 |
| FPO Closing Date | 24 July 2024 |
| Issue Type | Book Built Issue FPO |
| Issue Size | Total Issue Size: 71,42,857 Shares Worth ₹150.00 Crore Fresh Issue: 71,42,857 Shares Worth ₹150.00 Crore |
| Face Value | ₹2 per equity share |
| FPO Price | ₹200 – ₹210 per share |
| Market Lot | 500 Shares |
| Min Order | 500 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 35% |
| Retail Shares Offered | 15% |
SAR Televenture FPO – Date Schedule
| FPO Open Date | 22 July 2024 |
| FPO Close Date | 24 July 2024 |
| Credit of Shares to Demat Account | 25 July 2024 |
| Initiation of Refund | 26 July 2024 |
| Credit of Shares to Demat Account | 26 July 2024 |
| FPO Listing Date | 29 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 24, 2024 |
SAR Televenture FPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹1,05,000 |
| Retail (Max) | 1 | 500 | ₹1,05,000 |
| HNI (Min) | 2 | 1000 | ₹2,10,000 |
Competitive Strengths
- Clientele base of three telecom service providers as a part of the portfolio;
- Growing its constant presence in telecommunications sector with high growth potential;
- Growth of business across jurisdictions;
- Experienced and dedicated senior team across key functions.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 4.75 | 4.72 | 0.03 | 3.37 |
| 31 March 2023 | 32.51 | 28.24 | 3.93 | 4.44 |
| 31 March 2024 | 124.16 | 108.10 | 15.66 | 177.87 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.81% |
| ROCE | 6.63% |
| Debt/Equity | 2.48 |
| RoNW | 21.81% |
| PAT Margin (%) | 12.61 |
| Pre FPO | Post FPO | |
| EPS (Rs) | – | – |
| P/E (x) | 14.79 | – |
Object Of The Issue
- Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes;
- Funding setting up of an additional 1000 number of 4G/5G telecom towers;
- Funding incremental working capital requirement of the Company; and
- General Corporate purposes.
SAR Televenture FPO Promoter Holding
| Pre Issue Share Holding | 66.27% |
| Post Issue Share Holding | – |
SAR Televenture FPO Prospectus
Company Contact Information
| SAR Televenture Limited P. No – 346A, 2 nd Floor Udyog Vihar, Phase-4, Gurugram-122016, Phone: +91 8587050050 Email: info@sarteleventure.com Website: https://www.sarteleventure.com/ |
SAR Televenture FPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: sarteleventure.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
SAR Televenture FPO Lead Manager(s)
| 1. Pantomath Capital Advisors Pvt Ltd |
SAR Televenture FPO FAQs
| What is SAR Televenture FPO? SAR Televenture FPO is a SME FPO. The issue is priced at ₹200 to ₹210 per equity share. The FPO is to be listed on NSE SME. |
| When SAR Televenture FPO will open? The FPO is to open on 22 July 2024 for QIB, NII, and Retail Investors. |
| What is SAR Televenture FPO Investors Portion? The investors’ portion for QIB – 50%, NII – 35%, and Retail – 15%. |
| How to Apply the SAR Televenture FPO? You can apply SAR Televenture FPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the SAR Televenture FPO through Angle One? Log in to Angle One Application with your credentials. Select the FPO. You will see the FPO Name “SAR Televenture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the SAR Televenture FPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the FPO. You will see the FPO Name “SAR Televenture“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the SAR Televenture FPO through Upstox? Log in to Upstox Application with your credentials. Select the FPO. You will see the FPO Name “SAR Televenture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the SAR Televenture FPO through IIFL? Log in to IIFL Application with your credentials. Select the FPO. You will see the FPO Name “SAR Televenture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is SAR Televenture FPO Size? SAR Televenture FPO size is ₹150.00 Crore. |
| What is SAR Televenture FPO Price Band? SAR Televenture FPO Price Band is ₹200 to ₹210. |
| What is SAR Televenture FPO Minimum and Maximum Lot Size for retail? The minimum bid is 500 Shares with ₹1,05,000 amount while the maximum bid is 500 Shares with ₹1,05,000. |
| What is the SAR Televenture FPO Allotment Date? SAR Televenture FPO allotment date is 25 July 2024. |
| What is the SAR Televenture FPO Listing Date? SAR Televenture FPO listing date is 29 July 2024. The FPO is to be listed on NSE SME. |
