SAR Televenture Limited FPO IPO Detail
Incorporated in May 2019, 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.
Company Promoters
The promoter of the company is M.G Metalloy Private Limited.IPO Details
| IPO Opening Date | Jul 22, 2024 |
| IPO Closing Date | Jul 24, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹200 - 210 per equity share |
| Market Lot | 500 Shares |
| Min Order Quantity | 500 Shares |
| Listing At | NSE SME |
| Issue Size | ₹150.00 Cr |
| Fresh Issue | 7,142,857 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The SAR Televenture Limited FPO IPO open date is Jul 22, 2024, and the close date is Jul 24, 2024. The issue may list on Jul 29, 2024.
| IPO Open Date | Jul 22, 2024 |
| IPO Close Date | Jul 24, 2024 |
| Basis of Allotment Date | Jul 25, 2024 |
| Initiation of Refunds | Jul 26, 2024 |
| Credit of Shares to Demat Account | Jul 29, 2024 |
| IPO Listing Date | Jul 29, 2024 |
IPO Lot Size
The SAR Televenture Limited FPO IPO market lot size is 500 shares. A retail-individual investor can apply for up to 1 lots (500 shares or ₹105000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 500 | ₹105000 |
| Maximum | 1 | 500 | ₹105000 |
IPO Promoter Holding
| Pre Issue Share Holding | 66.27% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 26641.86 | 12416.97 | 1566.17 |
| 31-Mar-23 | 2422.42 | 3251.63 | 393.59 |
| 31-Mar-22 | 410.83 | 475.35 | 3.71 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 Limited FPO IPO Registrar:
Link Intime India Private Ltd
SAR Televenture Limited FPO IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
Company Contact Information:
SAR Televenture Limited FPO
P. No – 346A, 2 nd Floor Udyog Vihar, Phase-4
Gurugram
Gurugram
