SAR Televenture Limited IPO

NSE SME

Listed On: Nov 8, 2023 at ₹ 105.0

₹ 110000 /2000 Shares

Check Allotment

SAR Televenture Limited IPO Details

01 Nov, 2023

Open Date

03 Nov, 2023

Close Date

06 Nov, 2023

Allotment Date

08 Nov, 2023

Listing Date

Issue Price

₹52-55 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

105.0

Listing Date

2023-11-08

Market Lot

2000 Shares (₹110,000/-)

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

4,500,000 shares(aggregating up to ₹24.75 Cr)

Retail Portion

35%

Subscription

288.15 times

IPO Docs

DRHP RHP

SAR Televenture Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	848,000 / 650,000	1,500,000	2,998,000
Day 1 - 01-11-23 06:00 PM	0.03 / 6.02 x	14.17 x	8.40 x
Day 2 - 02-11-23 06:00 PM	7.44 / 33.02 x	51.34 x	34.95 x
Day 3 - 03-11-23 06:00 PM	77.00 / 716.11 x	222.06 x	288.15 x

SAR Televenture Limited Valuations

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

N/A

RoNW

N/A%

Net Asset Value (NAV) - Post Issue

₹N/A/-

SAR Televenture Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	2,420.77	410.83	144.82
Revenue	3,251.63	475.35	90.71
Profit After Tax	388.36	3.71	-2.71

About The Company

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 - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

M.G. Metalloy Private Limited

SAR Televenture Limited IPO - Issue Objectives

Installation of 5G/4G towers.
Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company.
Funding the working capital requirements of the company.
General Corporate Purposes (GCP).

SAR Televenture Limited IPO - FAQs

Ans. SAR Televenture Limited IPO is a SME IPO. The issue is priced at ₹52-55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Nov 1, 2023, and closes on Nov 3, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The SAR Televenture Limited IPO opens on Nov 1, 2023 and closes on Nov 3, 2023.

Ans. The size of SAR Televenture Limited IPO is 4,500,000 shares(aggregating up to ₹24.75 Cr).

Ans. The IPO price band is set between ₹52-55 per equity share.

Ans. To apply for SAR Televenture Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find SAR Televenture Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of SAR Televenture Limited IPO is Nov 6, 2023.

Ans. The SAR Televenture Limited IPO will be listed on Nov 8, 2023.

Ans. Follow the steps to check the allotment status for SAR Televenture Limited IPO here.