IPO

SAR Televenture Limited FPO

NSE SME

Listed On: Jul 29, 2024 at ₹ 225.05

₹ 210000 /1000 Shares
*Min Investment

Check Allotment

22 Jul, 2024

Open Date

24 Jul, 2024

Close Date

25 Jul, 2024

Allotment Date

29 Jul, 2024

Listing Date
SAR Televenture Limited FPO IPO Issue Details
  • Issue Price ₹200-210 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 71,42,857 shares(aggregating up to ₹150 crore)
  • Fresh Share 71,42,857 shares(aggregating up to ₹150 crore)
  • Listing at NSE SME
  • List Price 225.05
  • Listing Date 2024-07-29
  • Lead Manager Pantomath Capital Advisors Pvt Ltd
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 500 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 500 ₹1,05,000
Retail(max) 1 500 ₹1,05,000
NII (min) 2 1,000 ₹2,10,000
SAR Televenture Limited FPO IPO Reservation

SAR Televenture Limited FPO IPO offers total 7,398,225 shares. Out of which 1,425,225 (19.26%) allocated to QIB, 1,443,750 (19.51%) allocated to NII,2,493,750 (33.71%) allocated to RII, NA (NA%) allocated to employees and 2,035,500 (27.51%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 2,035,500 (27.51%)
Market Maker Shares Offered - (-%)
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 Limited FPO IPO Documents
DRHP
RHP
SAR Televenture Limited FPO IPO Details


SAR Televenture Limited FPO is an SME IPO, priced at ₹200-210 per equity share. The equity shares have a face value of ₹2 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 71,42,857 equity shares, aggregating up to ₹150 crores..

The IPO bidding window is open from Jul 22, 2024 to Jul 24, 2024. The allotment is expected to be finalized on Jul 25, 2024, and the tentative listing date is Jul 29, 2024.

The minimum lot size for Retail investors is 500 shares, with a minimum investment of ₹1,05,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,10,000.

Pantomath Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and

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SAR Televenture Limited FPO IPO Subscription Analysis And Details
Retail
6.52x
Total
7.49x
As on QIB / NII Retail Total
Shares Offered / Reserved / 2,493,750 5,362,725
Day 1 22-07-24 06:00 PM
/ x 1.23 x 0.70 x
Day 2 23-07-24 06:00 PM
/ x 2.62 x 1.81 x
Day 3 24-07-24 06:00 PM
/ x 6.52 x 7.49 x
Total No of Applications
32,492
SAR Televenture Limited FPO Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
P/E Pre IPO 14.79
ROE 21.81%
ROCE 6.63%
Debt/Equity 2.48
RoNW 21.81%
PAT Margin 12.61
SAR Televenture Limited FPO Company Financials
In Lakhs
In Lakh
31-Mar-24 31-Mar-23 31-Mar-22
Assets 26,641.86 2,422.42 410.83
Revenue 12,416.97 3,251.63 475.35
Profit After Tax 1,566.17 393.59 3.71
Net Worth 7,180.41 1,185.59 -7.74
Reserves & Surplus 6,880.41 1,120.30 -11.91
Total Borrowing 17,787.41 444.41 337.09
About SAR Televenture Limited FPO Company

Incorporated in May 2019, SAR Televenture Limited provides telecommunications solutions for network operators. It installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.

SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services.

The company offers project management services for laying ducts and optic fiber cables, construction of basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintenance of ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.

As of 31st May, 2024, a total of 413 leased towers have been installed across West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands.

Company is ISO 9001:2015, ISO 140001:2015, ISO 45001:2018 certified company.

The company entered into a share purchase agreement on 3rd January 2023 to acquire 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates (previously known as Shoora International-F.Z.E) from Shoora Capital Limited. Our subsidiary is presently undertaking laying and installation of fiber cables and trading network equipment.

At 31st May, 2024, the company has 38 employees in different departments.

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SAR Televenture Limited FPO - Promoter(s)

M.G Metalloy Private Limited

Pre Issue Share Holding : 66.27%

Post Issue Share Holding : %

SAR Televenture Limited FPO IPO - Issue Objectives
1

Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes

2

Funding setting up of an additional 1000 number of 4G/5G telecom towers

3

Funding incremental working capital requirement of the Company

4

General Corporate purposes.

SAR Televenture Limited FPO IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
SAR Televenture Limited 14.2 14.2 47.87 N/A 21.81 4.39 Consolidated
Suyog Telematics Ltd 59.38 59.38 267.58 17.79 21.22 3.95 Consolidated
Kore Digital Limited 34.51 34.51 186.56 47.26 15.37 8.74 Consolidated

Notes:

  1. For the Company, the information above is based on the Restated Consolidated Financial Statements for Fiscal 2024.
  2. Current Market Price (CMP) for listed peers is the closing price of respective scrips as of June 28, 2024.
  3. Basic and Diluted EPS = PAT divided by weighted average no. of equity shares outstanding during the year/period, as adjusted for changes in capital due to sub-division of equity shares.
  4. For Diluted EPS, the weighted no. of shares shall include the impact of potential convertible securities.
  5. PAT Margin is calculated as PAT divided by revenue from operations.
  6. P/E Ratio has been computed based on the closing market price of equity shares on June 28, 2024, divided by the diluted EPS.
  7. RoNW is computed as net profit after tax for the year divided by Net Worth as of March 31, 2024.
  8. NAV is computed as the closing Net Worth divided by the closing outstanding number of equity shares.
Contact Details

SAR Televenture Limited FPO

P. No – 346A, 2 nd Floor,Udyog Vihar, Phase-4, Gurugram-122016

+91 8587050050

info@sarteleventure.com

https://www.sarteleventure.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

sarteleventure.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html