SAR Televenture Limited

22 Jul 2024 - 24 Jul 2024 Individual Category SME NSE

Min Investment

₹200000

Price Band

₹200-₹210

Issue Size

53.63 lakhs
Equity Shares

Lot Size

500 (per lot)

IPO Dates
img

22 Jul 2024

Open Date

img

24 Jul 2024

Close Date

img

25 Jul 2024

Allotment Date

img

24 Jul 2024

Listing Date

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.

Know Before Investing

Strengths icon

Weaknesses icon

About Sar Televenture Limited

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. 

Founded

2019

Managing Director

M.G Metalloy Private Limited

Parent Organization

IPO 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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account