SAR Televenture FPO will open for subscription from 22 July 2024. The company aims for an issue size of ₹150 Cr through this IPO.
Company Overview
| Full name | SAR Televenture Limited |
| Sector | Telecom |
| Industry | Telecommunication – Service Provider |
| Company Website | https://www.sarteleventure.com/ |
About Company
Incorporated in 2019, SAR Televenture was set up to provide 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. The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, building optical fiber networks, maintaining ducts and optic fiber, and providing turnkey services for optical fiber projects. These services cater to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases outbuilt sites, including GBT/RTT/Pole sites and Out-Door Small Cells (ODSC). It also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers, which it leases, rents, or sells to telecom service licensees. As of 31 May 2024, the company has installed a total of 413 leased towers across various locations in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman & Nicobar Islands.
The Objectives of the Issue
- Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes;
- For Funding setting up of an additional 1000 number of 4G/5G telecom towers;
- Funding incremental working capital requirement of the Company; and
- General Corporate purposes.
SAR Televenture FPO Timetable
| IPO Opening date | 22 July 2024 |
| IPO Closing | 24 July 2024 |
| Basis of Allotment | 25 July 2024 |
| Initiation Refund | 26 July 2024 |
| Credit to Demat Account | 26 July 2024 |
| Listing Date | 29 July 2024 |
SAR Televenture FPO details
| Issue type | Book Built Issue FPO |
| IPO issue size | ₹150.00 Cr – 7,142,857 shares |
| Fresh Issue | ₹150.00 Cr – 7,142,857 shares |
| Offer for sale | Nil |
| Face value | ₹02 per share |
| Price Band | ₹200 to ₹210 per share |
| Lot size | 500 Shares |
| Listing Exchange | NSE SME |
SAR Televenture FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹105,000 |
| Retail (Max) | 1 | 500 | ₹105,000 |
| HNI (Min) | 2 | 1,000 | ₹210,000 |
SAR Televenture FPO Documents
SAR Televenture FPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 2,035,500 (27.51%) |
| QIB Shares Offered | 1,425,225 (19.26%) |
| NII (HNI) Shares Offered | 1,443,750 (19.51%) |
| Retail Shares Offered | 2,493,750 (33.71%) |
| Total Shares Offered | 7,398,225 (100%) |
SAR Televenture Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 4.73 | 32.46 | 124.12 |
| Expenses | 4.73 | 28.24 | 108.10 |
| Net income | 0.04 | 3.94 | 15.66 |
SAR Televenture FPO Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.78 | 181.28 | 14.20 |
| PE ratio | – | – | 14.08 – 14.79 |
| RONW (%) | (47.94) | 33.20 | 21.81 |
| NAV | (3.71) | 36.32 | 47.87 |
| ROCE (%) | 6.68 | 29.98 | 6.63 |
| EBITDA (%) | 13.29 | 17.57 | 14.19 |
| Debt/Equity | (43.57) | 0.37 | 2.48 |
Company Promoters
- M.G Metalloy Private Limited
Promoter Holding
| Pre Issue Share Holding | 66.27% |
| Post Issue Share Holding |
SAR Televenture Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 July 2024 | 7 | – | 4,000 |
| 26 July 2024 | 7 | – | 4,000 |
| 25 July 2024 | 7 | – | 4,000 |
| 24 July 2024 | 20 | – | 9,000 |
| 23 July 2024 | 20 | – | 9,000 |
| 22 July 2024 | 25 | – | 12,000 |
| 20 July 2024 | 25 | – | 12,000 |
| 19 July 2024 | 20 | – | 10,000 |
| 18 July 2024 | 13 | – | 5,000 |
| 17 July 2024 | 16 | – | 6,000 |
| 16 July 2024 | 20 | – | 9,800 |
| 15 July 2024 | 30 | – | 15,000 |
SAR Televenture FPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 14,25,225 | 10,68,750 | 24,93,750 | 49,87,725 |
| 24 Jul 2024 | 8.31 | 11.26 | 6.52 | 8.05 |
| 23 Jul 2024 | 1.15 | 1.42 | 2.58 | 1.92 |
| 22 Jul 2024 | 0.17 | 0.43 | 1.18 | 0.73 |
SAR Televenture FPO Allotment Status
SAR Televenture FPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
SAR Televenture FPO Listing Details
| Listing Date | 29 July 2024 |
| BSE Scrip Code | |
| NSE Symbol | SARTELE |
| ISIN | INE0PUC01020 |
| Final Issue Price | ₹210 per share |
SAR Televenture FPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹210.00 |
| Open | ₹225.05 |
| Low | ₹219.30 |
| High | ₹236.00 |
| Last Trade | ₹232.60 |
SAR Televenture FPO Lead Manager(s)
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: 1800 889 8711
Email: sar.composite@pantomathgroup.com
Website: www.pantomathgroup.com
SAR Televenture Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: sarteleventure.rights@linkintime.co.in
Website: www.linkintime.co.in
SAR Televenture Contact Details
SAR TELEVENTURE LIMITED
B-16, First floor, Noida Sector-2,
Uttar Pradesh-201301, India
Phone: 8587050050
E-mail: info@sarteleventure.com
Website: www.sarteleventure.com
SAR Televenture FPO FAQs
What is the SAR Televenture offer size?
SAR Televenture offer size is ₹ 147.96 – 155.36 crores.
What is the SAR Televenture offer price band?
SAR Televenture public offer price is ₹ 200 – 210 per share.
What is the lot size of the SAR Televenture Offer?
SAR Televenture offer lot size is 500 shares.
What is SAR Televenture Offer GMP today?
SAR Televenture GMP today is ₹ 7 per share.
What is the SAR Televenture kostak rate today?
SAR Televenture kostak rate today is NA per application.
What is SAR Televenture Subject to Sauda rate today?
SAR Televenture Subject to Sauda rate today is ₹ 4,000 per application.
Final thoughts
SAR Televenture FPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
