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15 July 2024

SAR Televenture Limited FPO

SAR Televenture was, interalia, set up with an object to provide telecommunication solutions to telecom network operators for the evolving telecom industry and laying of fiber cables. They are currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India. They also provide support services such as including 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 fiber, and optical fiber project turnkey services to various, Telecom Network Operators & Broadband Service Operators and ISPs.

SAR Televenture FPO is a book-built issue of Rs 150.00 crores. The issue is entirely a fresh issue of 71.43 lakh shares. SAR Televenture FPO opens for subscription on July 22, 2024 and closes on July 24, 2024. SAR Televenture FPO price band is set at ₹200 to ₹210 per share. The minimum lot size for an application is 500 Shares. Pantomath Capital Advisors Pvt Ltd is the book-running lead manager of the SAR Televenture FPO, while Link Intime India Private Ltd is the registrar for the issue.

SAR Televenture FPO Overview

Detail	Description
IPO Date	July 22, 2024 to July 24, 2024
Listing Date	[.]
Face Value	₹2 per share
Price Band	₹200 to ₹210 per share
Lot Size	500 Shares
Total Issue Size	7,142,857 shares (aggregating up to ₹150.00 Cr)
Fresh Issue	7,142,857 shares (aggregating up to ₹150.00 Cr)
Issue Type	Book Built Issue FPO
Listing At	NSE SME

SAR Televenture FPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, July 22, 2024
IPO Close Date	Wednesday, July 24, 2024
Basis of Allotment	Thursday, July 25, 2024
Initiation of Refunds	Friday, July 26, 2024
Credit of Shares to Demat	Friday, July 26, 2024
Listing Date	Monday, July 29, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 24, 2024

SAR Televenture FPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	500	₹105,000
Retail (Max)	1	500	₹105,000
HNI (Min)	2	1,000	₹210,000

SAR Televenture FPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

SAR Televenture FPO Promoter Holding

Share Holding Pre Issue	66.27%
Share Holding Post Issue

Company & Financials

Incorporated in May 2019, SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases outbuilt sites such as GBT/RTT/Pole sites and Out-Door Small Cells (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services. The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintaining ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra. As of May 31, 2024, the company has installed a total of 413 leased towers across various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands.

SAR Televenture Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,641.86	2,422.42	410.83
Revenue	12,416.97	3,251.63	475.35
Profit After Tax	1,566.17	393.59	3.71
Net Worth	7,180.41	1,185.59	-7.74
Reserves and Surplus	6,880.41	1,120.30	-11.91
Total Borrowing	17,787.41	444.41	337.09
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	21.81%
ROCE	6.63%
Debt/Equity	2.48
RoNW	21.81%
PAT Margin (%)	12.61

	Pre IPO	Post IPO
P/E (x)	14.79

Objectives of SAR Televenture FPO

The company proposes to utilize the Net Proceeds towards funding the following objectives:

1. Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes.
2. Funding setting up of an additional 1000 number of 4G/5G telecom towers.
3. Funding incremental working capital requirement of the Company.
4. General Corporate purposes.

SAR Televenture FPO Review

The company is engaged in telecommunication solution-related services and has posted growth in its top and bottom lines for the reported periods. With the planned additional capacities going operational in the coming years, the company is poised to scale up its performance. It has renowned customers i.e. Airtel, Jio, Vodafone and BSNL. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may plan investments for the medium to long term.

FAQs for SAR Televenture FPO

What is SAR Televenture FPO?

SAR Televenture FPO is an NSE SME FPO. They are going to raise ₹150 Crores via FPO. The issue is priced at ₹200 to ₹210 per equity share. The FPO is to be listed on NSE.
When will the SAR Televenture FPO open?

The FPO will open on July 22, 2024, for QIB, NII, and Retail Investors.
What is the SAR Televenture FPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is SAR Televenture FPO Size?

SAR Televenture FPO size is ₹150 crores.
What is the SAR Televenture FPO Price Band?

SAR Televenture FPO Price Band is ₹200 to ₹210 per equity share.
What is the SAR Televenture FPO Minimum and Maximum Lot Size?

The FPO bid is 600 shares with ₹126,000.
What is the SAR Televenture FPO Allotment Date?

SAR Televenture FPO allotment date is July 25, 2024.
What is the SAR Televenture FPO Listing Date?

SAR Televenture FPO listing date is July 29, 2024—the FPO to list on NSE SME.