SAR Televenture FPO: Read Detail About New FPO

• SAR Televenture FPO is a book-built issue of Rs 150 crores.
• This upcoming FPO bidding opens on July 16 and closes on July 19, 2024.
• SAR Televenture FPO price band is set at Rs 200 to Rs 210 per share.
• The Minimum investment required Rs 1,05,000.

SAR Televenture FPO: Synopsis

SAR Televenture FPO is open for subscription starting Monday, July 22, 2024, and closing on Wednesday, July 24, 2024. This upcoming FPO's price is set as Rs 200 to Rs 210 per share. The minimum lot size set for the retail category is 500 shares. 

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1000 shares. The minimum investment required for retail category investors is Rs 1,05,000 ( 210 x 500 shares). However, for the HNI category, the minimum investment amount required is Rs 2,10,000 (210 x 1000 shares). 

SAR Televenture FPO is a book-built issue of Rs 150 crores. This upcoming FPO is an entirely fresh issue of Rs 71.43 lakh equity shares. The allotment for this new FPO is expected to be finalised on Thursday, July 25, 2024. 

SAR Televenture FPO will be listed on NSE SME on Monday, July 29, 2024. Pantomath Capital Advisors Private Limited is the book-running lead manager, and Link Intime India Private Limited is the registrar.

Also Read | Vodafone Idea FPO: Important Things to Know Before Investing

SAR Televenture FPO: About the Company

SAR Televenture Limited is incorporated in 2019, providing telecommunication solutions for network operators. They install and commission 4G and 5G towers, Optical Fibre Cable systems, and deal in network equipment. 

SAR Televenture 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.

On January 3, 2023, SAR Televenture entered into a share purchase agreement to acquire 100 percent of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates from Shoora Capital Limited.

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: Objectives

The money will be used to set up fibre-to-the-home network solutions for 3,00,000 home passes, set up an additional 100 4G/5G Telecom towers, fund working capital needs, and for general corporate purposes.

SAR Televenture FPO: Other Important Details

Time-Table of SAR Televenture FPO

SAR Televenture FPO: Financial Metrics (Amt in Rs Lakhs)

SAR Televenture posted revenue of Rs 12,416.97 lakhs and net profit of Rs 1,556.17 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 281.87% and PAT increased by 297.92% between the financial year ending with 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details 

Promoters of SAR Televenture Limited and Their Holdings

The promoters of SAR Televenture company is M.G Metalloy Private Limited. The promoters shareholdings before FPO is 66.27% but after the FPO the shareholdings are not yet available.

SAR Televenture: Strength of Company

1. SAR Televenture instals and commissions 4G and 5G towers, Optical Fibre Cable systems.

2. The company operates in a sector in which very few players exist.

3. SAR Televenture’s revenue increased by 281.87% and profit after tax increased  by 297.92% between the FY ending on Mar 31, 2024 and Mar 31, 2023. 

FAQs

1. What are the details of the SAR Televenture FPO?

SAR Televenture FPO is a book-built  issue of Rs 150 crores. This upcoming FPO is an entirely fresh issue of Rs 71.43 lakh equity shares. The allotment for this new FPO is expected to be finalised on Thursday, July 25, 2024.

2. Who are the lead managers for the SAR Televenture FPO?

Pantomath Capital Advisors Private Limited is appointed as the book-running lead manager for the FPO.

3. What is the role of Link Intime India in this FPO?

Link Intime India Private Limited is the registrar for SAR Televenture Limited, handling the FPO's administrative aspects.

4. How can I apply for the SAR Televenture FPO?

The public subscription of this new FPO will open on July 22, 2024. Click here to initiate the application process.

5. How will the net proceeds from the FPO be utilised?

The money will be used to set up fibre-to-the-home network solutions for 3,00,000 home passes, set up an additional 100 4G/5G Telecom towers, fund working capital needs, and for general corporate purposes.

6. How can I check the allotment status of the FPO?

Investors who applied can check the allotment status of the SAR Televenture Limited FPO by visiting here. For further updates follow Bigul. 

Also Read | Raymond Demerger: Last Day to Buy Shares for Eligibility