SAR Televenture FPO

NiftyTrader • July 15, 2024

Post Views: 958

SAR Televenture FPO opens on July 22, 2024, and closes on July 24, 2024. The allotment for the SAR Televenture FPO is anticipated to be completed on Thursday, July 25, 2024. The FPO will be listed on the NSE and SEM, with a tentative listing date set for Monday, July 29, 2024.

The price band for the SAR Televenture FPO is set at Rs 200 to Rs 210 per share. The FPO is a book-built issue of Rs 150.00 crores, entirely a fresh issue of 71.43 Lakhs shares.

SAR Televenture FPO Details

IPO Date	July 22, 2024 to July 24, 2024
Listing Date	[.]
Face Value	₹2 per share
Price	₹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 IPO
Listing At	NSE SME

SAR Televenture 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 Objectives

The objectives of the Issue are:

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

About SAR Televenture Limited

Founded in May 2019, SAR Televenture Limited specializes in telecommunications solutions, installing and commissioning 4G and 5G towers, Optical Fibre Cable (OFC) systems, and network equipment. Registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT), SAR Televenture leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC). The company also establishes and maintains assets like Dark Fibers, Right of Way, Duct Space, and Towers for lease, rent, or sale to telecom service licensees. SAR Televenture provides comprehensive project management services, including laying ducts and optic fiber cables, constructing transmission utilities, leasing dark fiber, building optical fiber networks, and offering turnkey optical fiber project services to Telecom Network Operators, Broadband Service Operators, and ISPs primarily across Maharashtra.

SAR Televenture Limited Financial Information

SAR Televenture Limited’s revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.

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

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 Timeline

SAR Televenture FPO opens on July 22, 2024, and closes on July 24, 2024.

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
A 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

Conclusion

SAR Televenture Limited’s upcoming FPO presents an opportunity for investors seeking exposure to the telecommunications sector. With a price band of Rs 200 to Rs 210 per share and a fresh issue of 71.43 lakh shares, the FPO aims to raise up to Rs 150 crore. The funds will primarily support expanding their Fiber-to-the-Home network, deploying additional telecom towers, and meeting working capital needs. SAR Televenture, registered as an Infrastructure Provider Category I, has shown significant growth with revenue and profit after tax rising sharply in recent years. Scheduled for listing on July 29, 2024, on NSE and SEM, this FPO could attract attention from both retail and institutional investors looking to capitalize on the company’s expansion in telecom infrastructure.