Bookbuilding FPO | ₹150 Cr | Listed at NSE SME | Mon, Jul 22, 2024 - Wed, Jul 24, 2024
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 per share. The lot size for an application is 500. The minimum amount of investment required by an retail is ₹1,05,000 (500 shares) (based on upper price). The minimum lot size for investment in 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.
FPO Open
Mon, Jul 22, 2024
FPO Close
Wed, Jul 24, 2024
Issue Price
₹210 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 22 to 24 Jul, 2024 |
| Listed on | Mon, Jul 29, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹200 to ₹210 |
| Issue Price | ₹210 per share |
| Lot Size | 500 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE SME |
| Total Issue Size | 71,42,500 shares (agg. up to ₹150 Cr) |
| Reserved for Market Maker | 3,57,000 shares Asit C.Mehta Investment Interrmediates Ltd. (agg. up to ₹7 Cr) |
| Fresh Issue (Ex Market Maker) | 67,85,500 shares (agg. up to ₹142 Cr) |
| Net Offered to Public | 67,85,500 shares (agg. up to ₹142 Cr) |
| NSE Symbol | SARTELE |
| ISIN | INE0PUC01020 |
SAR Televenture FPO comprises a total issue size of 71,42,500 shares. The net offer to the public is 67,85,500 shares, after excluding 3,57,000 shares allotted on a firm basis. Of the Net offer 33,92,500 (50.00%) are allocated to QIB, 10,18,000 (15.00%) allocated to NII 23,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 33,92,500 | 50.00% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 23,75,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,57,000 | 5.00% | |
| Total Shares Offered | 71,42,500 | 100.00% | 100.00% |
Investors can bid for a minimum of 500 shares and in multiples thereof.
| 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 |
SAR Televenture FPO raises ₹42.75 crore from anchor investors. SAR Televenture FPO Anchor bid date is July 19, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 19, 2024 |
| Shares Offered | 20,35,500 |
| Anchor Portion (₹ Cr.) | 42.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Aug 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Oct 23, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 266.42 | 24.22 | 4.11 |
| Total Income | 124.17 | 32.52 | 4.75 |
| Profit After Tax | 15.66 | 3.94 | 0.04 |
| NET Worth | 71.80 | 11.86 | -0.08 |
| Reserves and Surplus | 68.80 | 11.20 | -0.12 |
| Total Borrowing | 177.87 | 4.44 | 3.37 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Installation of 5G/4G towers (hereinafter referred to as the “Project”) | 12.39 |
| 2 | Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the Company; | 0.79 |
| 3 | Funding the working capital requirements of the Company; and | 4.50 |
| 4 | General Corporate Purposes (GCP) | 5.30 |
| KPI | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|
| Debt/Equity | 0.22 | 0.65 |
| RoNW | 5.79 | 32.95 |
| PAT Margin | 11.09% | 11.94% |
| EBITDA Margin | 14.91% | 17.57% |
| Price to Book Value | 6.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.79 | |
| Promoter Holding | 87.8% | 61.46% |
The SAR Televenture FPO is subscribed 7.49 times on July 24, 2024 6:20:02 PM (Day 3). The public issue subscribed 6.52 times in the retail category, 8.31 times in the QIB category, and 8.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.31 | 14,25,225 | 1,18,48,500 |
| NII* | 8.34 | 14,43,750 | 1,20,39,000 |
| Retail | 6.52 | 24,93,750 | 1,62,55,000 |
| Total | 7.49 | 53,62,725 | 4,01,42,500 |
Total Application : 32,492
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manager (inclusive of underwriting commission and selling commission) | 0.30 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer(s), Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.98 |
| 3 | Fees payable to the Registrar to the Offer | 0.03 |
| 4 | Others including but not limited to: - Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; -Printing and distribution of stationery; -Advertising and marketing expenses; - Fees payable to legal counsel; - Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, Independent Chartered Accountant, industry service provider and Independent Chartered Engineer; and - Miscellaneous expenses | 0.45 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹210.00 |
| Open | ₹225.05 |
| Low | ₹219.30 |
| High | ₹236.00 |
| Last Trade | ₹232.60 |
Lead Manager Reports
SAR Televenture FPO is a SME FPO of 71,42,500 equity shares of the face value of ₹2 aggregating up to ₹150 Crores. The issue is priced at ₹210 per share. The minimum order quantity is 500.
The FPO opens on Mon, Jul 22, 2024, and closes on Wed, Jul 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 Mon, Jul 22, 2024 and closes on Wed, Jul 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 Fri, Jul 26, 2024. Check the SAR Televenture FPO allotment status.
The SAR Televenture FPO listing date is on Mon, Jul 29, 2024.
