What you must know about SAR Televenture IPO?
by 5paisa Research Team
27 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 29-Jul-24
- IPO Price Range ₹ 52 to ₹ 55
- Listing Price ₹ 225.05
- Listing Change 309.2%
- Last Traded Price ₹ 268.7
- Current Change 388.5%
Sar Televenture IPO Details
- Open Date 01-Nov-23
- Close Date 03-Nov-23
- Lot Size 2000
- IPO Size ₹ 24.75 Cr
- IPO Price Range ₹ 52 to ₹ 55
- Min Investment ₹ 104000
- Listing Exchange NSE SME
- Basis of Allotment 07-Nov-23
- Refunds 07-Nov-23
- Credit to Demat Account 07-Nov-23
- Listing Date 08-Nov-23
Sar Televenture IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 01-Nov-23 | 0.03 | 6.02 | 14.17 | 8.40 |
| 02-Nov-23 | 7.44 | 33.02 | 51.34 | 34.95 |
| 03-Nov-23 | 77.00 | 715.76 | 222.06 | 288.07 |
Sar Televenture IPO Synopsis
SAR Televenture Limited IPO is all set to open from 1st November to 3rd November 2023. The company provides telecommunication solutions. The IPO includes a fresh issue of 4,500,000 shares worth ₹24.75 cr. The share allotment date is 6th November, and the IPO will be listed on 8th November on the stock exchanges. The price band is ₹52 to ₹55 per share and the lot size is 2000 shares.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of SAR Televenture IPO
SAR Televenture Limited plans to utilize the raised capital from the IPO to:
● To fund the installation of 5G/4G towers.
● To repay or prepay the debt obtained including foreclosure charges, if any.
● For working capital requirements.
● General corporate purposes.
About Sar Televenture
Established in 2019, SAR Televenture Limited provides telecommunication solutions to Telecom Network Operators. The company's core activities include the installation and activation of 4G and 5G Towers, Optical Fiber Cable (OFC) Systems, and the distribution of network equipment. SAR Televenture has already leased out more than 373 towers across West Bengal, Bihar, Uttar Pradesh, and Punjab.
Registered as an Infrastructure Provider Category I (IP-I) by the Department of Telecommunication (DOT), SAR Televenture leases infrastructure sites, including GBT/RTT/Pole sites and Outdoor Small Cell (ODSC) locations. Additionally, it establishes and manages assets such as Dark Fibers, Right of Way, Duct Space, and Towers for the purpose of leasing, renting, or selling them to Telecom Services licensees.
SAR Televenture also offers comprehensive project management services, covering the installation of ducts and optical fiber cables, the construction of essential transmission and telecom utilities, dark fiber leasing, optical fiber network development, duct and optical fiber maintenance, and full turnkey services for optical fiber projects. These services are extended to various Telecom Network Operators, Broadband Service Providers, and ISPs throughout Maharashtra.
Peer Comparison
● Suyog Telematics Limited
● Kore Digital Limited
For More Information:
Webstory on SAR Televenture IPO
SAR Televenture IPO GMP
Sar Televenture Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 32.46 | 4.73 | 0.91 |
| EBITDA | 5.70 | 0.63 | 0.11 |
| PAT | 3.88 | 0.037 | -0.027 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 24.21 | 4.11 | 1.45 |
| Share Capital | 0.652 | 0.041 | 0.040 |
| Total Borrowings | 12.42 | 3.65 | 1.56 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -5.24 | 0.52 | -0.18 |
| Net cash from / (used in) investing activities | -6.87 | -2.33 | -0.94 |
| Net cash flow from / (used in) financing activities | 12.82 | 1.79 | 1.12 |
| Net increase (decrease) in cash and cash equivalents | 0.71 | -0.026 | 0.0047 |
Sar Televenture IPO Key Points
-
Strengths
1. Growing presence in telecommunications Circles with high growth potential.
2. Established relationships with the clients.
3. The company has an Efficient Business Model.
4. The company has an experienced and dedicated senior team across key functions.
-
Risks
1. The company has a limited operating history and may be subject to risks inherent in early-stage companies.
2. The company has incurred significant losses since its inception except for the last two fiscal years.
3. It is heavily dependent on factors affecting the wireless telecommunications industry in India.
4. A significant portion of the revenue comes from the subsidiary.
5. Third Party Passive Infrastructure sharing is a new concept in the Indian telecom industry.
6. Higher working capital requirements.
7. Negative cash flows in the past.
Sar Televenture
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sar Televenture IPO FAQs
What is the minimum lot size and investment required for the SAR Televenture IPO?
The minimum lot size of SAR Televenture IPO is 2000 shares and the investment required is ₹1,04,000.
What is the price band of SAR Televenture IPO?
The price for SAR Televenture IPO is ₹52 to ₹55 per share.
When does the SAR Televenture IPO opens and closes?
SAR Televenture IPO opens from 1st November to 3rd November 2023.
What is the size of the SAR Televenture IPO?
The size of SAR Televenture IPO is ₹24.75 cr.
What is the allotment date of the SAR Televenture IPO?
The share allotment date of SAR Televenture IPO is 6th November 2023.
What is the SAR Televenture IPO listing date?
The SAR Televenture IPO will be listed on 8th November 2023.
Who are the book runners for the SAR Televenture IPO?
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for SAR Televenture IPO.
What is the objective of the SAR Televenture IPO?
SAR Televenture plans to utilize the raised capital from the IPO to:
1. To fund the installation of 5G/4G towers.
2. To repay or prepay the debt obtained including foreclosure charges, if any.
3. For working capital requirements.
4. General corporate purposes.
How to apply for the SAR Televenture IPO?
To apply for SAR Televenture IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the SAR Televenture Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sar Televenture IPO
Contact Information
SAR Televenture Limited
P.No – 346A, 2nd Floor
Udyog Vihar, Phase-4,
Gurugram - 122016
Phone: 0124 - 45133283
Email: info@sarteleventure.com
Website: https://sarteleventure.com/
Sar Televenture IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sar Televenture IPO Lead Manager
Pantomath Capital Advisors Pvt Ltd
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