SAR Televenture SME IPO GMP Hits 114.55% Premium Ahead of Listing

Ahead of Listing, SAR Televenture Limited’s Small and Medium-sized Enterprise (SME) Initial Public Offering (IPO) is generating significant excitement in the financial markets as its Grey Market Premium (GMP) has reached an impressive 114.55% premium. SAR Televenture, a provider of telecommunication solutions to Telecom Network Operators, is set to debut on the stock exchange this coming Wednesday, November 8, 2023.

The GMP for SAR Televenture’s SME IPO currently stands at ₹63, doubling the issue price of ₹55.00. This translates to an estimated listing price of ₹118 per share, reflecting a remarkable 114% premium. This positive GMP indicates strong investor interest and confidence in the company’s growth prospects. However, it is important to note that GMP can be highly volatile and may not necessarily reflect the actual listing price.

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The Basis of Allotment for the SAR Televenture SME IPO is scheduled for Monday, November 6, 2023, while the listing date is set for Wednesday, November 8, 2023. This highly anticipated IPO has garnered significant attention in the financial market due to its strong GMP, suggesting the potential for substantial gains.

Also Read: All IPO GMP Price Today

It is important to emphasize that the grey market is unofficial and unregulated, and investment decisions should not be based solely on GMP. As with any investment, prospective investors are encouraged to thoroughly evaluate all factors before making investment decisions regarding SAR Televenture’s SME IPO.

SAR Televenture SME IPO Dates

  • SME IPO Open Date: November 1, 2023
  • SME IPO Close Date: November 3, 2023
  • Basis of Allotment Finalization Date: November 6, 2023
  • Refunds Initiation Date: November 7, 2023
  • Credit of Shares to Demat Account: November 7, 2023
  • SME IPO Listing Date: November 8, 2023

Also Read: Cello World IPO Soars with 28% Premium as Shares Debut at ₹829 on NSE

About SAR Televenture Limited

SAR Televenture Limited specializes in providing 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 holds the registration of Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT) and leases out build sites, including GBT/RTT/Pole sites and Out Door Small Cell (ODSC), as well as maintaining assets such as Dark Fibers, Right of Way, Duct Space, and Towers for leasing, renting, or selling to Telecom Services licensees.

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

SAR Televenture has over 373 towers on lease across various regions in West Bengal, Bihar, Uttar Pradesh, and Punjab. In addition, the company expanded its operations with the acquisition of SAR Televenture FZE in the United Arab Emirates, which engages in various trading activities.

In fiscal year 2023, SAR Televenture reported a total revenue from operations of Rs. 3,246.17 Lacs and a Profit After Tax (PAT) of Rs. 388.38 Lacs, reflecting its robust business performance.

Investors and market enthusiasts eagerly await SAR Televenture’s IPO listing to see how the company performs in the stock market.

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