SAR Televenture Limited (NSE SME)
November 1, 2023 – November 3, 2023
| Price | ₹52 - ₹55 |
| Premium | ₹53 |
|---|---|
| Lot size | 2000 |
| Allotment | Nov 6, 2023 |
| Listing | Nov 8, 2023 |
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Subscription
Last updated on 03-Nov-2023 17:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 7,42,000 | 6,52,98,000 | 88 |
| NIB | 6,50,000 | 46,54,72,000 | 716.11 |
| RETAIL | 15,00,000 | 33,30,96,000 | 222.06 |
| Total | 28,92,000 | 86,38,66,000 | 298.71 |
| Retail Apps | 1,66,548 | © IPO Premium | |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 750 |
| HNI | 2 | 4000 | 220000 | 325 |
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.
SAR Televenture IPO Details
| 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 R.K.Stock Holding |
SAR Televenture IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Company Financials
SAR Televenture Limited Financial Information (Restated Consolidated)
SAR Televenture Limited's revenue increased by 584.05% and profit after tax (PAT) rose by 10367.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Jun 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 4,324.77 | 2,420.77 | 410.83 | 144.82 |
| Revenue | 1,735.35 | 3,251.63 | 475.35 | 90.71 |
| Profit | 192.38 | 388.36 | 3.71 | -2.71 |
| Net Worth | 3,324.40 | 1,178.72 | -7.74 | -11.57 |
| Reserves | 3,114.40 | 1,113.42 | -11.91 | -15.62 |
| Borrowing | 752.18 | 839.01 | 337.09 | 136.87 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
SAR Televenture Limited
P.No – 346A, 2nd Floor
Udyog Vihar, Phase-4,
Gurugram - 122016
Phone: 0124 - 45133283
Email: info@sarteleventure.com
Website: https://sarteleventure.com/