Bookbuilding IPO | ₹25 Cr | Listed at NSE SME | Wed, Nov 1, 2023 - Fri, Nov 3, 2023
SAR Televenture IPO is a book build issue of ₹24.75 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹24.75 crore.
SAR Televenture IPO bidding started from Nov 1, 2023 and ended on Nov 3, 2023. The allotment for SAR Televenture IPO was finalized on Nov 6, 2023. The shares got listed on NSE SME on Nov 8, 2023.
SAR Televenture IPO price band is set at ₹55 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is R.K.Stock Holding Pvt.Ltd..
Refer to SAR Televenture IPO RHP for detailed Information.
IPO Open
Wed, Nov 1, 2023
IPO Close
Fri, Nov 3, 2023
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹82.50 Cr
| IPO Date | 1 to 3 Nov, 2023 |
| Listed on | Wed, Nov 8, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,00,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,30,000 shares R.K.Stock Holding Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 42,70,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 42,70,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| NSE Symbol | SARTELE |
| ISIN | INE0PUC01020 |
SAR Televenture IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 42,70,000 shares, after excluding 2,30,000 shares allotted on a firm basis. Of the Net offer 21,20,000 (49.65%) are allocated to QIB, 6,50,000 (15.22%) allocated to NII 15,00,000 (35.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,20,000 | 49.65% | 47.11% |
| − Anchor Investor Shares Offered | 12,72,000 | 28.27% | |
| − QIB (Ex. Anchor) Shares Offered | 8,48,000 | 18.84% | |
| NII (HNI) Shares Offered | 6,50,000 | 15.22% | 14.44% |
| Retail Shares Offered | 15,00,000 | 35.13% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,30,000 | 5.11% | |
| Total Shares Offered | 45,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
SAR Televenture IPO raises ₹7.00 crore from anchor investors. SAR Televenture IPO Anchor bid date is October 31, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Oct 31, 2023 |
| Shares Offered | 12,72,000 |
| Anchor Portion (₹ Cr.) | 7.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 4, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.25 | 24.21 | 4.11 | 1.45 |
| Total Income | 17.35 | 32.52 | 4.75 | 0.91 |
| Profit After Tax | 1.92 | 3.88 | 0.04 | -0.03 |
| NET Worth | 33.24 | 11.79 | -0.08 | -0.12 |
| Reserves and Surplus | 31.14 | 11.13 | -0.12 | -0.16 |
| Total Borrowing | 7.52 | 8.39 | 3.37 | 1.37 |
| 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 our Company | 0.79 |
| 3 | Funding the working capital requirements of our Company | 4.50 |
| 4 | General Corporate Purposes (GCP) | 5.30 |
| KPI | |
|---|---|
| Debt/Equity | 0.65 |
| RoNW | 32.95% |
| PAT Margin | 11.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 91.08 | |
| P/E (x) | 0.6 | 10.72 |
| Promoter Holding | 87.80% | |
| Market Cap | ₹82.50 Cr. |
The SAR Televenture IPO is subscribed 288.09 times on November 3, 2023 7:29:00 PM (Day 3). The public issue subscribed 222.1 times in the retail category, 77 times in the QIB category, and 715.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 77 | 8,48,000 | 6,52,98,000 |
| NII* | 715.77 | 6,50,000 | 46,52,50,000 |
| Retail | 222.1 | 15,00,000 | 33,31,50,000 |
| Total | 288.09 | 29,98,000 | 86,36,98,000 |
Total Application : 1,66,575
*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 expe | 0.45 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹105.00 |
| Low | ₹105.00 |
| High | ₹110.25 |
| Last Trade | ₹110.25 |
Lead Manager Reports
SAR Televenture IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹2 aggregating up to ₹25 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Nov 1, 2023, and closes on Fri, Nov 3, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SAR Televenture IPO using UPI as a payment gateway. Zerodha customers can apply in SAR Televenture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SAR Televenture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SAR Televenture IPO opens on Wed, Nov 1, 2023 and closes on Fri, Nov 3, 2023.
SAR Televenture IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in SAR Televenture IPO 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 IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Tue, Nov 7, 2023. Check the SAR Televenture IPO allotment status.
The SAR Televenture IPO listing date is on Wed, Nov 8, 2023.
