SAR Televenture Limited FPO IPO 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 | 71,42,857 shares (aggregating up to ₹ 150.00 Cr) |
| Fresh Issue | 71,42,857 shares (aggregating up to ₹ 150.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
About 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 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 |
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 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.
SAR Televenture Limited FPO Financial Information
Latest Revenue
12,416.97
₹ Crore
Profit After Tax
1,566.17
₹ Crore
Net Worth
7,180.41
₹ Crore
Total Borrowing
17,787.41
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
SAR Televenture Limited FPO 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) | - | - |
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Competitive Strengths
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SAR Televenture Limited FPO IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹105,000 |
| Retail (Max) | 1 | 500 | ₹105,000 |
| HNI (Min) | 2 | 1000 | ₹210,000 |