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SAR Televenture FPO is a book build issue of ₹149.99 crores. The issue is entirely a fresh issue of 0.71 crore shares of ₹149.99 crore.
SAR Televenture FPO bidding started from Jul 22, 2024 and ended on Jul 24, 2024. The allotment for SAR Televenture FPO was finalized on Jul 25, 2024. The shares got listed on NSE SME on Jul 29, 2024.
SAR Televenture FPO price band is set at ₹210.00 per share . The lot size for an application is 500. The minimum amount of investment required by an retail is ₹1,00,000 (500 shares). The minimum lot size investment for HNI is 2 lots (1,000 shares), amounting to ₹2,10,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Asit C.Mehta Investment Interrmediates Ltd..
Refer to SAR Televenture FPO RHP for detailed Information.
| IPO Date | July 22, 2024 to July 24, 2024 |
| Listing Date | July 29, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹200 to ₹210 per share |
| Issue Price Final | ₹210 per share |
| Lot Size | 500 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 71,42,500 shares (aggregating up to ₹149.99 Cr) |
| Reserved for Market Maker | 3,57,000 shares Asit C.Mehta Investment Interrmediates Ltd. (aggregating up to ₹7.50 Cr) |
| Net Offered to Public | 67,85,500 shares (aggregating up to ₹142.50 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE SME |
SAR Televenture FPO offers total 71,42,500 shares. Out of which 33,92,500 (47.50%) allocated to QIB, 13,57,000 (19.00%) allocated to QIB, 10,18,000 (14.25%) allocated to NII, 23,75,000 (33.25%) allocated to RII and 20,35,500 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,57,000 (5.00%) |
| QIB Shares Offered | 33,92,500 (47.50%) |
| − Anchor Investor Shares Offered | 20,35,500 (28.50%) |
| − QIB (Ex. Anchor) Shares Offered | 13,57,000 (19.00%) |
| NII (HNI) Shares Offered | 10,18,000 (14.25%) |
| Retail Shares Offered | 23,75,000 (33.25%) |
| Total Shares Offered | 71,42,500 (100.00%) |
SAR Televenture FPO raises ₹42.75 crore from anchor investors. SAR Televenture FPO Anchor bid date is July 19, 2024. SAR Televenture FPO Anchor Investors list
| Bid Date | July 19, 2024 |
| Shares Offered | 20,35,500 |
| Anchor Portion Size (In Cr.) | 42.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 23, 2024 |
SAR Televenture FPO opens on July 22, 2024, and closes on July 24, 2024.
| IPO Open Date | Mon, Jul 22, 2024 |
| IPO Close Date | Wed, Jul 24, 2024 |
| Tentative Allotment | Thu, Jul 25, 2024 |
| Initiation of Refunds | Fri, Jul 26, 2024 |
| Credit of Shares to Demat | Fri, Jul 26, 2024 |
| Tentative Listing Date | Mon, Jul 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 24, 2024 |
Investors can bid for a minimum of 500 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹1,05,000 |
| Retail (Max) | 1 | 500 | ₹1,05,000 |
| HNI (Min) | 2 | 1,000 | ₹2,10,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
SAR Televenture Limited 's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,641.86 | 2,422.42 | 410.83 |
| Total Income | 12,416.97 | 3,251.63 | 475.35 |
| Profit After Tax | 1,566.17 | 393.59 | 3.71 |
| Net Worth | 7,180.41 | 1,185.59 | -7.74 |
| Reserves and Surplus | 6,880.41 | 1,120.30 | -11.91 |
| Total Borrowing | 17,787.41 | 444.41 | 337.09 |
| Amount in ₹ Lakhs | |||
| KPI | Values |
|---|---|
| ROE | 21.81% |
| ROCE | 6.63% |
| Debt/Equity | 2.48 |
| RoNW | 21.81% |
| PAT Margin | 12.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.79 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is engaged in telecommunication solution related services and has posted growth in its top and bottom lines for the reported periods. With the planned additional capacities going operational in coming years, the company is poised to scale up its performance. It has renowned customers i.e. Airtel, Jio, Vodafone and BSNL. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may plan investment for the medium to long term. Read detail review...
| Listing Date | July 29, 2024 |
| BSE Script Code | |
| NSE Symbol | SARTELE |
| ISIN | INE0PUC01020 |
| Final Issue Price | ₹210 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹210.00 |
| Open | ₹225.05 |
| Low | ₹219.30 |
| High | ₹236.00 |
| Last Trade | ₹232.60 |
SAR Televenture Ltd.
P. No – 346A, 2 nd Floor
Udyog Vihar,
Phase-4,
Gurgaon, Haryana, 122016
Phone: +91 8587050050
Email: info@sarteleventure.com
Website: https://www.sarteleventure.com/
MUFG Intime India Pvt.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 is a SME FPO of 71,42,500 equity shares of the face value of ₹2 aggregating up to ₹149.99 Crores. The issue is priced at ₹210 per share. The minimum order quantity is 500.
The FPO opens on July 22, 2024, and closes on July 24, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SAR Televenture FPO using UPI as a payment gateway. Zerodha customers can apply in SAR Televenture FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SAR Televenture FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SAR Televenture FPO opens on July 22, 2024 and closes on July 24, 2024.
SAR Televenture FPO lot size is 500, and the minimum amount required for application is ₹1,05,000.
You can apply in SAR Televenture FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SAR Televenture FPO will be done on Thursday, July 25, 2024, and the allotted shares will be credited to your demat account by Friday, July 26, 2024. Check the SAR Televenture FPO allotment status.
The SAR Televenture FPO listing date is on Monday, July 29, 2024.
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