SAR Televenture Limited IPO
NSE SMEListed On: Nov 8, 2023 at ₹ 105.0
₹ 220000 /4000 Shares
*Min Investment
01 Nov, 2023
Open Date03 Nov, 2023
Close Date06 Nov, 2023
Allotment Date08 Nov, 2023
Listing DateSAR Televenture Limited IPO Issue Details
- Issue Price ₹52-55 per equity share
- Face Value ₹2 Per Equity Share
- Issue Price 4,500,000 shares(aggregating up to ₹24.75 Cr)
- Listing at NSE SME
- List Price 105.0
- Listing Date 2023-11-08
- Lead Manager Pantomath Capital Advisors Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
SAR Televenture Limited IPO Details
- Retail Portion 35%
SAR Televenture Limited IPO Details
SAR Televenture Limited IPO is an SME IPO, priced at ₹52-55 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 bidding window is open from Nov 1, 2023 to Nov 3, 2023. The allotment is expected to be finalized on Nov 6, 2023, and the tentative listing date is Nov 8, 2023.
The registrar of the IPO is Skyline Financial Services Private Ltd, and
SAR Televenture Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 848,000 / 650,000 | 1,500,000 | 2,998,000 |
Day 1 01-11-23 06:00 PM | 0.03 / 6.02 x | 14.17 x | 8.40 x |
Day 2 02-11-23 06:00 PM | 7.44 / 33.02 x | 51.34 x | 34.95 x |
Day 3 03-11-23 06:00 PM | 77.00 / 716.11 x | 222.06 x | 288.15 x |
SAR Televenture Limited Valuations
SAR Televenture Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,420.77 | 410.83 | 144.82 |
| Revenue | 3,251.63 | 475.35 | 90.71 |
| Profit After Tax | 388.36 | 3.71 | -2.71 |
About SAR Televenture Limited Company
SAR Televenture Limited is a provider of 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 is registered as Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). The company leases out build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establishes and maintains assets such as Dark Fibres, Right of Way, Duct Space, and Tower for the purpose of granting on lease or rent or sale basis to the licensees of Telecom Services.
The company also provides 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 fibre, and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra.
SAR Televenture has provided over 373 towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, the company 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 via a Share Purchase agreement. The subsidiary is engaged in the activities of 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.
The company recorded a total revenue from operations of Rs. 3,246.17 Lacs and PAT of Rs. 388.38 Lacs in fiscal 2023.
SAR Televenture Limited - Promoter(s)
M.G. Metalloy Private Limited
Pre Issue Share Holding : %
Post Issue Share Holding : %
SAR Televenture Limited IPO - Issue Objectives
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 Limited IPO - FAQs
Ans. SAR Televenture Limited IPO is a SME IPO. The issue is priced at ₹52-55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Nov 1, 2023, and closes on Nov 3, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The SAR Televenture Limited IPO opens on Nov 1, 2023 and closes on Nov 3, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of SAR Televenture Limited IPO is 4,500,000 shares(aggregating up to ₹24.75 Cr).
Ans. The SAR Televenture Limited IPO price band is set between ₹52-55 per equity share.
Ans. To apply for SAR Televenture Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find SAR Televenture Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of SAR Televenture Limited IPO is Nov 6, 2023.
Ans. The SAR Televenture Limited IPO will be listed on Nov 8, 2023.
Ans. Follow the steps to check the SAR Televenture Limited IPO allotment status online.
