SAR Televenture Limited IPO: Bid date, issue size, lot size, price band, listing date and more

The Indian IPO market is buzzing with excitement as SAR Televenture Limited, a prominent player in the telecommunications sector, gears up for its Initial Public Offering (IPO). This IPO, which opens for subscription on November 1, 2023, and closes on November 3, 2023, is set to make waves in the industry. Here, we take a closer look at the key details of SAR Televenture Limited’s IPO and the company itself.

See Also: SAR Televenture IPO GMP Today

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SAR Televenture IPO Details

Here are the essential details for the SAR Televenture Limited IPO:

IPO NameSAR Televenture
IPO DateNovember 1, 2023 – November 3, 2023
Basis of AllotmentNovember 6, 2023
Listing DateNovember 8, 2023
Face Value₹2 per share
Price Band₹52 to ₹55 per share
Lot Size2000 Shares
Total Issue Size4,500,000 shares (aggregating up to ₹24.75 Cr)
Fresh Issue4,500,000 shares (aggregating up to ₹24.75 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding Pre Issue10,500,000
Shareholding Post Issue15,000,000
Market Maker Portion230,000 shares

See Also: Upcoming IPOs

SAR Televenture IPO Reservation

The IPO offers different categories of shares to various investors:

  • QIB (Qualified Institutional Buyers): Not more than 50% of the Net offer.
  • Retail Investors: Not less than 35% of the Offer.
  • NII (HNI): Not less than 15% of the Offer.

SAR Televenture IPO Lot Size

Investors have the flexibility to bid for a minimum of 2000 shares and in multiples thereof. The minimum and maximum investment amounts for retail investors and HNIs are as follows:

  • Retail (Min): 1 Lot – 2000 Shares – ₹110,000
  • Retail (Max): 1 Lot – 2000 Shares – ₹110,000
  • HNI (Min): 2 Lots – 4,000 Shares – ₹220,000

Also Read: SAR Televenture Limited IPO Review

SAR Televenture IPO Financial Information

SAR Televenture Limited demonstrated an astounding financial performance, with a remarkable 584.05% surge in revenue and an extraordinary 10367.92% surge in Profit After Tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023. This meteoric rise in both revenue and profit is a testament to the company’s robust business strategy and its ability to capture a significant share of the ever-evolving telecommunications market. SAR Televenture’s impressive growth underscores its potential as a formidable player in the industry and positions it as an attractive prospect for investors looking to capitalize on this exponential growth.

About SAR Televenture Limited

SAR Televenture Limited is a significant player in the telecommunications industry, providing cutting-edge solutions to Telecom Network Operators. The company is primarily involved in the installation and commissioning of 4G and 5G towers, Optical Fiber Cable (OFC) Systems, and the distribution of network equipment.

One noteworthy aspect of SAR Televenture is its registration as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). This allows the company to lease out build sites such as GBT/RTT/Pole sites and Outdoor Small Cells (ODSC) while establishing and maintaining assets like Dark Fibers, Right of Way, Duct Space, and Towers for lease, rent, or sale to Telecom Services licensees.

SAR Televenture doesn’t stop at infrastructure provision; it also offers project management services for the installation of ducts 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. These services are extended to Telecom Network Operators, Broadband Service Operators, and Internet Service Providers (ISPs) across Maharashtra.

As of 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). This strategic acquisition expanded the company’s horizons to include activities such as 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 fiscal year 2023, SAR Televenture recorded total revenue from operations of Rs. 3,246.17 Lacs and a Profit After Tax (PAT) of Rs. 388.38 Lacs.

SAR Televenture IPO Objectives

The net proceeds from the IPO will be utilized for the following purposes:

  1. Installation of 5G/4G Towers: To expand and enhance the telecommunication infrastructure.
  2. Repayment of Outstanding Borrowings: Full or part repayment of certain outstanding secured borrowings, including foreclosure charges if applicable.
  3. Working Capital Requirements: Funding the working capital needs of the company to facilitate its ongoing operations.
  4. General Corporate Purposes (GCP): Providing flexibility for general corporate needs and business growth.

SAR Televenture IPO Registrar

The registrar for the SAR Televenture IPO is Skyline Financial Services Private Ltd. You can reach out to them through:

SAR Televenture IPO Lead Manager

The lead manager for the SAR Televenture IPO is Pantomath Capital Advisors Pvt Ltd.

SAR Televenture Limited’s IPO presents an exciting opportunity for investors to become part of a company that plays a pivotal role in the telecommunications sector. With a strong track record and a clear vision for the future, SAR Televenture is poised for growth and success in the dynamic Indian telecom industry. If you’re considering investing, be sure to carefully evaluate the prospectus and consult with financial experts to make informed investment decisions.

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