SAR Televenture Limited Rights Issue: Things to Know

SAR Televenture Limited is coming up with its rights issue. The bid opens on July 15, 2024, and closes on July 22, 2024. The last Date to buy shares is Monday, July 8, 2024. The record date of this new issue is Tuesday, July 9, 2024. The issue size is of 15,000,000 equity shares amounting to Rs 300 crores. The issue price is Rs 200 per share, and the face value is Rs 2 per share. This issue will allow existing shareholders to buy SAR Televenture equity shares at a discounted price. SAR Televenture' share price is Rs 265 per share. The eligible shareholders are being offered 1 Rights Equity shares for every one fully paid-up equity shares held on a July 8, 2024, record date. Through this rights issue, the company plans to raise Rs 300 crores. The registrar for the upcoming rights issue is Link Intime India Private Limited. The lead manager for this issue is Pantomath Capital Advisors Private Limited.

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About SAR Televenture Limited

SAR Televenture Limited was founded in 2019, provides telecom solutions for the telecom industry and fibre optic cable laying for telecom network operators. SAR Televenture is primarily engaged in installing and commissioning telecom towers in India. As of May 31, 2024, the company has installed a total of 413 towers in various areas of West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, Andaman and Nicobar Islands on lease basis. SAR Televenture also provides support services such as project management for duct and fibre installation, construction of basic transmission and telecommunication facilities, leasing of dark fibre, construction of fibre networks, maintenance of duct and fibre, and turnkey fibre projects for various telecom network operators, broadband service providers and ISPs. As per latest data available, the company had over 38 employees. 

Objectives of SAR Televenture Limited Rights Issue

The funds received from this rights issue, will be allocated to set up Fiber to the Home network solutions for 3 Lakh Home passes. Also to fund the setting up of an additional 1000 number of 4G/5G telecom towers, funding the incremental day-to-day capital needs. General corporate purposes will also be fulfilled. 

Financials Details of SAR Televenture Limited  (Amt in Rs Crores)

SAR Televenture Limited posted a revenue of Rs 124.17 crore and net profit of Rs 15.66 crore for the period ending on 31 March 2024. The revenue figures increased by 281.81% and net profit increased by 297.92% between the FY ending on 31 March 2024 and 31 March 2023. 

Important Details for SAR Televenture Limited Rights Issue

Timetable of SAR Televenture Limited Rights Issue

How to Apply for SAR Televenture Limited Rights Issue?

Wait for the public issue to open for subscription, then click here to apply for the SAR Televenture Limited Rights Issue with Bigul.

How do you check the allotment status of the SAR Televenture Limited Rights issue?

Link Intime India Private Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

FAQs

1. What are the details of the SAR Televenture Limited Rights Issue?

The issue size is of 15,000,000 equity shares amounting to Rs 300 crores. The issue price is Rs 200 per share, and the face value is Rs 2 per share. This issue will allow existing shareholders to buy SAR Televenture equity shares at a discounted price. SAR Televenture' share price is Rs 265 per share.

2. When does the Rights Issue open and close?

The bid opens on July 15, 2024 and closes on July 22, 2024. The last Date to buy shares is Monday, July 8, 2024. The record date of this new issue is Tuesday, July 9, 2024.

3. How can I apply for the SAR Televenture Limited Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.

4. How can I check the allotment status of the SAR Televenture Limited Issue?

Link Intime India Private Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

5. What is the objective of the SAR Televenture Limited Rights Issue?

network solutions for 3 Lakh Home passes. Also to fund the setting up of an additional 1000 number of 4G/5G telecom towers, funding the incremental day-to-day capital needs.

6. What is the record date for the SAR Televenture Limited Rights Issue?

The record date, which determines the shareholders eligible for the Rights Issue, is set for July 8, 2024.

7. Where will the SAR Televenture Limited Right Issue be listed?

The Rights Issue will be listed on the National Stock Exchange (NSE).

8. What is the entitlement ratio for the SAR Televenture Limited Right Issue? 

The entitlement ratio is set at one Rights equity Shares for every one fully paid up equity shares held on record date July 8, 2024. 

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