SAR Televenture IPO Date, GMP, Price, Analysis and Review
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SAR Televenture Limited specializes in providing telecommunication solutions to Telecom Network Operators. The company’s services include the installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems, and dealing in network equipment.
SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). The company leases out various build sites such as GBT/RTT/Pole sites and Out Door Small Cell (ODSC). It also establishes and maintains assets like Dark Fibres, Right of Way, Duct Space, and Towers to be leased, rented, or sold to Telecom Services licensees.
Additionally, SAR Televenture provides project management services for activities such as laying duct and optic fiber cables, constructing basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, and the maintenance of duct and optic fiber. They offer turnkey services for optical fiber projects and serve various Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
The company has leased out over 373 towers across multiple areas, including West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, SAR Televenture Limited 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 through a Share Purchase Agreement. This subsidiary engages in various activities, including 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).
In fiscal year 2023, the company reported a total revenue from operations of Rs. 3,246.17 Lacs and a PAT of Rs. 388.38 Lacs.
Objects of the Issue (SAR Televenture IPO Objectives)
The company plans to use the net proceeds from the issue for the following purposes:
- Installation of 5G/4G towers.
- Full or partial repayment and/or prepayment of certain outstanding secured borrowings, including foreclosure charges, if applicable.
- Funding the working capital requirements of the company.
- General Corporate Purposes (GCP).
SAR Televenture IPO Details
The SAR Televenture IPO is a book-built issue with a total value of ₹24.75 crores. The IPO consists entirely of fresh shares, totaling 4.5 million shares.
IPO Date | November 1, 2023 to November 3, 2023 |
Listing Date | November 8, 2023 |
Face Value | ₹2 per share |
Price Band | ₹52 to ₹55 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
Fresh Issue | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 10,500,000 |
Share holding post issue | 15,000,000 |
Market Maker portion | 230,000 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
SAR Televenture IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
SAR Televenture IPO Lot Size
Investors can bid for a minimum of 2000 shares, and the table shows the range of shares and amounts for retail investors and HNI investors.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹110,000 |
Retail (Max) | 1 | 2000 | ₹110,000 |
HNI (Min) | 2 | 4,000 | ₹220,000 |
SAR Televenture IPO Dates
SAR Televenture IPO opens on November 1, 2023, and closes on November 3, 2023.
IPO Open Date | Wednesday, November 1, 2023 |
IPO Close Date | Friday, November 3, 2023 |
Basis of Allotment | Monday, November 6, 2023 |
Initiation of Refunds | Tuesday, November 7, 2023 |
Credit of Shares to Demat | Tuesday, November 7, 2023 |
Listing Date | Wednesday, November 8, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2023 |
SAR Televenture Limited Financial Report
SAR Televenture Limited’s revenue surged by 584.05%, and the profit after tax (PAT) skyrocketed by 10,367.92% between the financial years ending on 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 |
Revenue | 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 |
Key Performance Indicator of SAR Televenture Ltd
KPI | Values |
---|---|
Debt/Equity | 0.65 |
EPS (Rs) | 91.08 |
RoNW | 32.95% |
SAR Televenture IPO Promoter Holding
M.G. Metalloy Private Limited is the promoter of the company.
Share Holding Pre Issue | 87.80% |
Share Holding Post Issue | – |
SAR Televenture Limited Contact Details
SAR Televenture Limited
P.No – 346A, 2nd Floor
Udyog Vihar, Phase-4,
Gurugram – 122016
Phone: 0124 – 45133283
Email: info@sarteleventure.com
Website: https://sarteleventure.com/
SAR Televenture IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SAR Televenture IPO FAQs
What is SAR Televenture IPO?
The SAR Televenture IPO is a Small and Medium Enterprise (SME) IPO, consisting of 4,500,000 equity shares with a face value of ₹2 each, aggregating up to ₹24.75 Crores. The IPO is priced in the range of ₹52 to ₹55 per share. The minimum order quantity is 2000 shares. The IPO subscription period is from November 1, 2023, to November 3, 2023, with Skyline Financial Services Private Ltd as the registrar.
The shares are intended to be listed on the NSE SME platform.
How to apply for SAR Televenture IPO through Zerodha?
Zerodha customers can apply for the SAR Televenture IPO online using the UPI (Unified Payments Interface) as a payment gateway. To apply through Zerodha, log in to the Zerodha Console (back office) and complete the IPO application form. Here are the steps to apply:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘SAR Televenture IPO’ row and click the ‘Bid’ button.
4. Provide your UPI ID, specify the quantity of shares, and enter the price.
5. Submit the IPO application form.
6. Visit your UPI app (such as net banking or BHIM) to approve the mandate.
When does the SAR Televenture IPO open?
The SAR Televenture IPO opens for subscription on November 1, 2023, and closes on November 3, 2023.
What is the lot size for SAR Televenture IPO?
The lot size for the SAR Televenture IPO is 2000 shares, requiring a minimum investment of ₹110,000.
How can you apply for SAR Televenture IPO?
You can apply for the SAR Televenture IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking service of your bank. UPI IPO application is provided by brokerage firms that do not offer banking services. You can find more details about how to apply for IPOs online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the SAR Televenture IPO allotment take place?
The finalization of the Basis of Allotment for the SAR Televenture IPO is scheduled for Monday, November 6, 2023. The allotted shares will be credited to your demat account by Tuesday, November 7, 2023. You can check the IPO allotment status on that date.
What is the listing date for SAR Televenture IPO?
The listing date for the SAR Televenture IPO has not been announced yet. The tentative listing date is set for Wednesday, November 8, 2023.