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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 â¹200 to â¹210 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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
SAR Televenture Limited FPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
SAR Televenture Limited FPO Details
| 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 Limited FPO Timeline
| 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 Limited FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹105,000 |
| Retail (Max) | 1 | 500 | ₹105,000 |
| HNI (Min) | 2 | 1000 | ₹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 Limited FPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 66.27% | - |
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.
Competitive Strength:
- -
SAR Televenture Limited FPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 26,641.86 | 12,416.97 | 1,566.17 | 7,180.41 | 17,787.41 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,422.42 | 3,251.63 | 393.59 | 1,185.59 | 444.41 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 410.83 | 475.35 | 3.71 | -7.74 | 337.09 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 | |
|---|---|---|
| EPS (Rs) | 14.79 | |
| P/E (x) |
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.
RHP:
DRHP:
Frequently asked Questions (FAQs )
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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.
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When will the SAR Televenture FPO open?
The FPO will open on July 22, 2024, for QIB, NII, and Retail Investors.
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What is the SAR Televenture FPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is SAR Televenture FPO Size?
SAR Televenture FPO size is ₹150 crores.
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What is the SAR Televenture FPO Price Band?
SAR Televenture FPO Price Band is ₹200 to ₹210 per equity share.
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What is the SAR Televenture FPO Minimum and Maximum Lot Size?
The FPO bid is 600 shares with ₹126,000.
