SAR Televenture IPO

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 nameSAR Televenture Limited
IndustryTelecommunication – Service Provider
Company Website

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 date01 November 2023
IPO Closing03 November 2023
Basis of Allotment06 November 2023
Initiation Refund07 November 2023
Credit to Demat Account07 November 2023
Listing Date08 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 3, 2023)

SAR Televenture IPO details

Issue typeBook Built Issue IPO
IPO issue size₹24.75 Cr – 4,500,000 shares
Fresh Issue₹24.75 Cr – 4,500,000 shares
Offer for saleNil
Face value₹2 per share
Price Band ₹52 to ₹55 per share
Lot size2000 shares
Market Maker portion230,000 shares
Shareholding pre-issue10,500,000
Shareholding post-issue15,000,000
Listing ExchangeNSE SME

SAR Televenture IPO Lot Size

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000

SAR Televenture IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,278,000 (28.36%)
Market Maker Shares Offered230,000 (5.10%)
QIB Shares Offered848,000 (18.82%)
NII (HNI) Shares Offered650,000 (14.43%)
Retail Shares Offered1,500,000 (33.29%)
Total Shares Offered4,506,000 (100%)

SAR Televenture Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income(2.71)3.71388.36192.38
(Amount in ₹ Lakhs)

SAR Televenture Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio2.85 – 3.02
RONW (%)(23.44)(47.96)32.95
EBITDA (%)11.9113.3017.57

Company Promoters

  • M.G. Metalloy Private Limited

Promoter Holding

Pre Issue Share Holding87.80%
Post Issue Share Holding

SAR Televenture IPO Lead Manager(s)

Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: +91-22 6194 6700

SAR Televenture Registrar

D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197

Contact Details

B-16, First floor, Noida Sector-2,
Uttar Pradesh-201301, India
Phone: 8587050050

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

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