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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 ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares). The minimum lot size investment for 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 Date | November 1, 2023 to November 3, 2023 |
| Listing Date | November 8, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹52 to ₹55 per share |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,00,000 shares (aggregating up to ₹24.75 Cr) |
| Reserved for Market Maker | 2,30,000 shares R.K.Stock Holding Pvt.Ltd. (aggregating up to ₹1.27 Cr) |
| Net Offered to Public | 42,70,000 shares (aggregating up to ₹23.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
SAR Televenture IPO offers total 45,00,000 shares. Out of which 21,20,000 (47.11%) allocated to QIB, 8,48,000 (18.84%) allocated to QIB, 6,50,000 (14.44%) allocated to NII, 15,00,000 (33.33%) allocated to RII and 12,72,000 (28.27%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,30,000 (5.11%) |
| QIB Shares Offered | 21,20,000 (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 (14.44%) |
| Retail Shares Offered | 15,00,000 (33.33%) |
| Total Shares Offered | 45,00,000 (100.00%) |
SAR Televenture IPO raises ₹7.00 crore from anchor investors. SAR Televenture IPO Anchor bid date is October 31, 2023. SAR Televenture IPO Anchor Investors list
| Bid Date | October 31, 2023 |
| Shares Offered | 12,72,000 |
| Anchor Portion Size (In Cr.) | 7.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 6, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 4, 2024 |
SAR Televenture IPO opens on November 1, 2023, and closes on November 3, 2023.
| IPO Open Date | Wed, Nov 1, 2023 |
| IPO Close Date | Fri, Nov 3, 2023 |
| Tentative Allotment | Mon, Nov 6, 2023 |
| Initiation of Refunds | Tue, Nov 7, 2023 |
| Credit of Shares to Demat | Tue, Nov 7, 2023 |
| Tentative Listing Date | Wed, Nov 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 3, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
SAR Televenture Limited's revenue increased by 584.05% and profit after tax (PAT) rose by 10367.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,324.77 | 2,420.77 | 410.83 | 144.82 |
| Total Income | 1,735.35 | 3,251.63 | 475.35 | 90.71 |
| Profit After Tax | 192.38 | 388.36 | 3.71 | -2.71 |
| Net Worth | 3,324.40 | 1,178.72 | -7.74 | -11.57 |
| Reserves and Surplus | 3,114.40 | 1,113.42 | -11.91 | -15.62 |
| Total Borrowing | 752.18 | 839.01 | 337.09 | 136.87 |
| Amount in ₹ Lakhs | ||||
The market capitalization of SAR Televenture IPO is ₹82.50 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 0.65 |
| RoNW | 32.95% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in providing telecom network towers and related services. Its operation spread in domestic and neighboring countries. Last 15 months working indicates the bright prospects ahead. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long-term rewards. Read detail review...
| Listing Date | November 8, 2023 |
| BSE Script Code | |
| NSE Symbol | SARTELE |
| ISIN | INE0PUC01020 |
| Final Issue Price | ₹55 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹105.00 |
| Low | ₹105.00 |
| High | ₹110.25 |
| Last Trade | ₹110.25 |
SAR Televenture Ltd.
P.No – 346A, 2nd Floor
Udyog Vihar,
Phase-4,
Gurgaon, Haryana, 122016
Phone: 0124 - 45133283
Email: info@sarteleventure.com
Website: https://sarteleventure.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SAR Televenture IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹2 aggregating up to ₹24.75 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on November 1, 2023, and closes on November 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 November 1, 2023 and closes on November 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 Tuesday, November 7, 2023. Check the SAR Televenture IPO allotment status.
The SAR Televenture IPO listing date is on Wednesday, November 8, 2023.
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