SAR Televenture IPO will open for subscription from 01 November 2023. The company aims for an issue size of ₹24.75 Cr through this IPO.
Company Overview
| Full name | SAR Televenture Limited |
| Sector | Telecom |
| Industry | Telecommunication – Service Provider |
| Company Website | https://sarteleventure.com/ |
About Company
Incorporated in 2019, SAR Televenture was set up with the objective of providing 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 also provides support services such as including 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 fiber, and optical fiber project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra.
As of 31 March 2023, SAR has installed 373 4G/5G Towers which are leased onward to Airtel. The company is planning to install another 6,000+ 5G/4G Towers in the next 2 years. The company has provided 373 towers on lease in West Bengal, Bihar, Uttar Pradesh, and Punjab.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 01 November 2023 |
| IPO Closing | 03 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation Refund | 07 November 2023 |
| Credit to Demat Account | 07 November 2023 |
| Listing Date | 08 November 2023 |
SAR Televenture IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹24.75 Cr – 4,500,000 shares |
| Fresh Issue | ₹24.75 Cr – 4,500,000 shares |
| Offer for sale | Nil |
| Face value | ₹2 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot size | 2000 shares |
| Market Maker portion | 230,000 shares |
| Shareholding pre-issue | 10,500,000 |
| Shareholding post-issue | 15,000,000 |
| Listing Exchange | NSE SME |
SAR Televenture IPO Lot Size
| 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 Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,278,000 (28.36%) |
| Market Maker Shares Offered | 230,000 (5.10%) |
| QIB Shares Offered | 848,000 (18.82%) |
| NII (HNI) Shares Offered | 650,000 (14.43%) |
| Retail Shares Offered | 1,500,000 (33.29%) |
| Total Shares Offered | 4,506,000 (100%) |
SAR Televenture Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 90.71 | 472.89 | 3,246.17 | 1,731.87 |
| Expenses | 93.34 | 472.62 | 2,824.31 | 1,535.81 |
| Net income | (2.71) | 3.71 | 388.36 | 192.38 |
SAR Televenture Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | – | – | 18.22 |
| PE ratio | – | – | 2.85 – 3.02 |
| RONW (%) | (23.44) | (47.96) | 32.95 |
| NAV | (1.14) | (0.74) | 7.22 |
| EBITDA (%) | 11.91 | 13.30 | 17.57 |
| Debt/Equity | (11.56) | (43.49) | 0.65 |
Company Promoters
- M.G. Metalloy Private Limited
Promoter Holding
| Pre Issue Share Holding | 87.80% |
| Post Issue Share Holding |
SAR Televenture IPO Lead Manager(s)
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: +91-22 6194 6700
Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
SAR Televenture Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
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 IPO Allotment Status
SAR Televenture IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
SAR Televenture IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
