SAR Televenture IPO is set to make its mark in the market with an IPO worth Rs 24.75 crores. The entire issue comprises 45 lakh fresh shares, indicating the company’s expansion plans and confidence in its future endeavors.
Pantomath Capital Advisors Pvt Ltd serves as the book running lead manager for the SAR Televenture IPO, ensuring a seamless process for investors. Additionally, Skyline Financial Services Private Ltd has been entrusted with the role of registrar for the issue. R.K.Stock Holding will play a crucial role as the market maker for the SAR Televenture IPO, ensuring liquidity and stability in the market.
SAR Televenture IPO Details
The IPO price band has been fixed between ₹52 to ₹55 per share. For retail investors, the minimum lot size stands at 2000 shares, requiring an investment of ₹110,000. High Net Worth Individuals (HNIs) can invest in 2 lots, totaling 4,000 shares, amounting to ₹220,000.
| IPO Date | November 1, 2023 to November 3, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
| Fresh Issue | 4,500,000 shares (aggregating up to ₹24.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 15,000,000 |
| Market Maker portion | 230,000 shares |
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
SAR Televenture IPO Dates
Investors have the opportunity to subscribe to the SAR Televenture IPO from November 1 to November 3, 2023. The allocation process is slated for finalization on Monday, November 6, 2023. Following this, SAR Televenture is poised to list on the NSE SME exchange, with the anticipated listing date set for Wednesday, November 8, 2023.
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Wednesday, November 8, 2023 |
SAR Televenture IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
SAR Televenture IPO Prospectus
For comprehensive insights, please refer to SAR Televenture IPO RHP for detailed information on this promising investment prospect.
Objects of the SAR Televenture IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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).
About SAR Televenture Limited IPO
SAR Televenture Limited stands as a leading provider of cutting-edge telecommunication solutions for Telecom Network Operators. The company specializes in the expert installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems, and the distribution of network equipment.
Recognized as an Infrastructure Provider Category I (IP-I) by the Department of Telecommunication (DOT), SAR Televenture excels in leasing out critical build sites like GBT/RTT/Pole sites and Out Door Small Cell (ODSC). The company diligently establishes and maintains assets such as Dark Fibres, Right of Way, Duct Space, and Towers, offering these resources for lease, rent, or sale to licensed Telecom Services providers.
With a focus on project management, SAR Televenture oversees essential tasks such as duct and optic fiber cable laying, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, and maintenance of duct and optic fibre. The company also provides turnkey services for optical fibre projects, catering to diverse Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
SAR Televenture has an extensive track record, having leased out more than 373 towers in regions spanning West Bengal, Bihar, Uttar Pradesh, and Punjab. Furthermore, the company demonstrated significant strategic growth by acquiring 100% of SAR Televenture FZE, United Arab Emirates, formerly known as Shoora International FZE, on January 3, 2023. This subsidiary engages in a wide range of activities, including 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.
In the fiscal year 2023, SAR Televenture Limited achieved remarkable financial milestones, recording a total revenue from operations amounting to Rs. 3,246.17 Lacs, with a Profit After Tax (PAT) of Rs. 388.38 Lacs, showcasing the company’s robust performance and dedication to excellence.