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SAR Televenture FPO

SAR Televenture FPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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SAR Televenture FPO

#1. Quick Intro to SAR Televenture FPO

The further public offering (FPO) of SAR Televenture will open for subscription on July 22 and close on July 24, comprising fresh issues of Rs.150.00 crore. An investor can apply for the issue for a minimum of 500 shares and the listing will happen on July 29, 2024.  

SAR Televenture Limited (2019) provides telecommunication solutions to telecom network operators for the evolving telecom industry and the laying of fibre cables. The company is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India. As on May 31, 2024, the company has installed an aggregate 413 number of towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands.

Check out the FPO allotment status on FPO Deliver.

#2. FPO Object of SAR Televenture    

The company intends to use the FPO Funds for the following purposes: 

  1. Funding setting up of fibre-to-home network solutions
  2. Funding setting up of an additional 1000 nos of 4G/5G network
  3. Funding for the working capital requirement of the company
  4. General corporate purposes and issue expenses. 

#3. SAR Televenture Core Strengths 

  1. Growing its constant presence in the telecommunication sector
  2. Growth business across jurisdiction 
  3. Clientele base big telecom service provider  
  4. Experienced promoters and management team

#4. SAR Televenture FPO Review & Rating

Issue Size  Rs.150.00 crore
Issue Price  Rs.200-210 per share 
Minimum Lot Size 500 Shares
Total Profit (Latest)  Rs.1566.17 lakhs
ROE (%) 21.81
RONW (%) 6.63
Listing on NSE SME
FPO Deliver Rating Two

 

#5. SAR Televenture FPO Dates, Price Band & Details

SAR Televenture FPO will open on July 22, 2024, and close on July 24, 2024. The FPO is to be listed on July 29, 2024.  

Type of issue Book Built Issue FPO
Issue Size Rs.150.00 crore
Price Brand Rs.200-210 per share
Face Value Rs. 02/- per share
FPO Open Date July 22, 2024
FPO Close Date July 24, 2024
FPO Allotment Date July 25, 2024
Refund Date July 26, 2024
Share Credit Date July 26, 2024
Listing Date July 29, 2024

 

#6. SAR Televenture FPO Offer Details

SAR Televenture FPO’s total issue size is 71,42,857 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 71,42,857       Rs. 150.00
Offer for Sale (OFS) – –

 

#7. SAR Televenture Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 12411.71 3246.17 472.89
Net Worth 7180.41 1185.59 (7.74)
Profit 1566.17 393.59 3.71
Total Borrowings 17787.41 444.41 337.09

 

#8. SAR Televenture Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 14.20 181.28 1.78
RoNW (%) 21.81 33.20 (47.94)
NAV (Rs.) 47.87 36.32 (3.17)

 

#9. SAR Televenture Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) NVA
Suyog Telematics 17,427.46 21.22 267.58
Kore Digital 10,508.04 15.37 186.56

 

#10. SAR Televenture Company Promoters 

The company has one promoter as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. M.G. Metalloy Private Limited

 

#11. SAR Televenture Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  66.27
Post-issue –

 

#12. SAR Televenture FPO Reservation Details

SAR Televenture FPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the net offer

 

#13. SAR Televenture FPO – Lot Size

An investor can apply for a minimum of 500 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 500 1,05,000
Retail (Max.) 1 500 1,05,000
HNI (Min.) 2 1000 2,10,000

 

#14. SAR Televenture FPO – Prospectus Copy

An investor can download/view the SAR Televenture prospectus copy, which the company filed to exchange, details are as follows. 

SAR Televenture FPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. SAR Televenture FPO Registrar 

Link Intime India Private Limited 

Website: www.linkintime.co.in

#16. SAR Televenture FPO Lead Managers

Pratham Capital Advisors Private Limited 

Website; www.prathamgroup.com 

#17. SAR Televenture FPO Application (How to Apply for an FPO)

There are three primary options for applying for a SAR Televenture FPO, details are as follows: 

Option-1 Apply for FPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for FPO and select the ongoing FPO “SAR Televenture Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for FPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the FPO tab and select the ongoing FPO “SAR Televenture Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for FPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. SAR Televenture Company Details

SAR Televenture Limited 

Registered Office: P. No – 346A, 2nd Floor, Udyog, Vihar, Phase-4, Gurugram-122016, Haryana

Email: info@sarteleventure.com

Website: www.sarteleventure.com 

#19. SAR Televenture Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. SAR Televenture Company Board (Top 2)

Sr. No. Name of Directors
01. Rahul Sahdev
02. Pulkit Rastogi 

 

SAR Televenture FPO – Frequently Asked Questions (FAQs)

#1. What is a SAR Televenture FPO?

SAR Televenture brings its FPO of Rs.150.00 crore, on July 22, 2024, with a price band of Rs.200-210 per share.

 

#2. What is the SAR Televenture FPO Open date?

SAR Televenture FPO’s opening date is July 22, 2024.

 

#3. What is the SAR Televenture FPO Close Date?

SAR Televenture FPO’s closing date is July 24, 2024.

 

#4. What is the SAR Televenture FPO Listing date?

SAR Televenture’s FPO listing date is July 29, 2024.

 

#5. What is the SAR Televenture FPO Minimum investment amount?

SAR Televenture FPO’s minimum investment amount is Rs.1,05,000.

 

#6. What is the SAR Televenture FPO offer issue Size?

SAR Televenture offers an issue size of Rs.150.00 crore.

 

#7. What is the SAR Televenture FPO Price Band?

SAR Televenture’s FPO price band is Rs.200-210 per share.

 

#8. Is SAR Televenture FPO mainboard FPO or SME FPO?

SAR Televenture FPO is an SME FPO.

 

Click here for the previous SME IPOs

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