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.
The Company is ISO – 9001:2015 certified Company. 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.
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.
SAR Televenture IPO – Details
| IPO Opening Date | 01 November 2023 |
| IPO Closing Date | 03 November 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 45,00,000 Shares Worth ₹24.75 Crore Fresh Issue: 45,00,000 Shares Worth ₹24.75 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹52 – ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
SAR Televenture IPO – Date Schedule
| IPO Open Date | 01 November 2023 |
| IPO Close Date | 03 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation of Refund | 07 November 2023 |
| Credit of Shares to Demat Account | 07 November 2023 |
| IPO Listing Date | 08 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 03, 2023 |
SAR Televenture IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,10,000 |
| Retail (Maximum) | 1 | 2000 | 1,10,000 |
| HNI (Minimum) | 2 | 4000 | 2,20,000 |
Competitive Strengths
- Growing presence in telecommunications Circles with high growth potential.
- Experienced and dedicated senior team across key functions.
- Efficient Business Model.
- Established relationship with their client.
Company Promoters
- M.G Metalloy Private Limited
Object Of The Issue
- 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 Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 0.91 | 0.93 | -0.02 | 1.37 |
| 31 March 2022 | 4.75 | 4.72 | -0.03 | 3.37 |
| 31 March 2023 | 32.51 | 28.24 | 4.27 | 8.39 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.72 |
| Market Cap (₹ Cr.) | 82.5 |
| Debt/Equity | 0.65 |
| EPS (Rs) | 91.08 |
| RoNW | 32.95 |
SAR Televenture IPO Promoter Holding
| Pre Issue Share Holding | 87.80% |
| Post Issue Share Holding | – |
SAR Televenture IPO Prospectus
Company Contact Information
| 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 |
SAR Televenture IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Pvt Ltd |
SAR Televenture IPO FAQs
| What is SAR Televenture IPO? SAR Televenture IPO is a SME IPO. The issue is priced at ₹52 – ₹55 per equity share. The IPO is to be listed on NSE SME. |
| When SAR Televenture IPO will open? The IPO is to open on 01 November 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to SAR Televenture IPO? You can apply SAR Televenture IPO 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 IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO 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 IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO 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 Edelweiss. |
| What is SAR Televenture IPO Size? SAR Televenture IPO size is ₹24.75 crores. |
| What is SAR Televenture IPO Price Band? SAR Televenture IPO Price Band is ₹52 – ₹55. |
| What is SAR Televenture IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 shares with ₹1,10,000. |
| What is the SAR Televenture IPO Allotment Date? SAR Televenture IPO allotment date is 06 November 2023. |
| What is the SAR Televenture IPO Listing Date? SAR Televenture IPO listing date is 08 November 2023. The IPO is to list on NSE SME. |
