SAR Televenture Limited IPO Detail
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.
Company Promoters
M.G. Metalloy Private LimitedIPO Details
| IPO Opening Date | Nov 01, 2023 |
| IPO Closing Date | Nov 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹52 - 55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.75 Cr |
| Fresh Issue | ₹24.75 Cr |
| Offer for Sale | - |
| Retail Portion | 35.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.03x | - | - | 6.01x | 14.04x | 8.33x |
| Day 2 | 7.44x | - | - | 32.98x | 51.22x | 34.88x |
| Day 3 | 77.00x | - | - | 715.76x | 222.06x | 288.07x |
IPO Tentative Timetable
The SAR Televenture Limited IPO open date is Nov 01, 2023, and the close date is Nov 03, 2023. The issue may list on Nov 08, 2023.
| IPO Open Date | Nov 01, 2023 |
| IPO Close Date | Nov 03, 2023 |
| Basis of Allotment Date | Nov 06, 2023 |
| Initiation of Refunds | Nov 07, 2023 |
| Credit of Shares to Demat Account | Nov 07, 2023 |
| IPO Listing Date | Nov 08, 2023 |
IPO Lot Size
The SAR Televenture Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110000 |
| Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 87.80% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 144.82 | 90.71 | -2.71 |
| 31-Mar-22 | 410.83 | 475.35 | 3.71 |
| 31-Mar-23 | 2420.77 | 3251.63 | 388.36 |
Objects of the Issue:
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 IPO Registrar:
Skyline Financial Services Private Ltd
SAR Televenture Limited IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
Company Contact Information:
SAR Televenture Limited
P.No – 346A, 2nd Floor
P.No – 346A, 2nd Floor
Gurugram - 122016
