SAR Televenture IPO Date, Review, Price, Allotment Details

SAR Televenture IPO holds the status of being registered as an Infrastructure Provider Category-I (IP-I) with the Department of Telecommunication (DOT). This registration empowers the company to engage in various telecommunications-related activities, including:

  1. Leasing out its built sites, such as Ground-Based Towers (GBT), Roof-Top Towers (RTT), Pole sites, and Out Door Small Cell (ODSC).
  2. Establishing and maintaining essential telecom infrastructure assets like Dark Fibers, Right of Way, Duct Space, and Towers with the intention of offering them on a lease, rent, or sale basis to telecom service licensees.

In addition to these core services, the company also offers support services, including project management. These services encompass laying duct and optic fiber cables, constructing fundamental transmission and telecom utilities, leasing dark fibers, constructing optical fiber networks, maintaining ducts and optic fibers, and providing turnkey services for optical fiber projects.

The Company has demonstrated substantial progress, with the installation and commissioning of 125, 108, and 140 towers in the years 2020-21, 2021-22, and 2022-23, respectively. This indicates its commitment to expanding and enhancing telecommunication infrastructure in Maharashtra, benefiting various Telecom Network Operators, Broadband Service Operators, and Internet Service Providers (ISPs).

About the Issue

SAR Televenture IPO is a book built issue of Rs 24.75 crores. The issue is entirely a fresh issue of 45 lakh shares.

SAR Televenture IPO opens for subscription on November 1, 2023 and closes on November 3, 2023. The allotment for the SAR Televenture IPO is expected to be finalized on Monday, November 6, 2023. SAR Televenture IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.

SAR Televenture IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.

SAR Televenture IPO Timeline

SAR Televenture IPO opens on November 1, 2023, and closes on November 3, 2023.

IPO Open DateWednesday, November 1, 2023
IPO Close DateFriday, November 3, 2023
Basis of AllotmentMonday, November 6, 2023
Initiation of RefundsTuesday, November 7, 2023
Credit of Shares to DematTuesday, November 7, 2023
Listing DateWednesday, November 8, 2023
Cut-off time for UPI mandate confirmation5 PM on November 3, 2023

SAR Televenture IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000

SAR Televenture Limited Financials (Rs in Lakhs)

SAR Televenture Limited’s revenue increased by 584.05% and profit after tax (PAT) rose by 10367.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax192.38388.363.71-2.71
Net Worth3,324.401,178.72-7.74-11.57
Reserves and Surplus3,114.401,113.42-11.91-15.62
Total Borrowing752.18839.01337.09136.87

Objects of the Issue:

  • Installation of 5G/4G towers.
  • Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company.
  • Funding the working capital requirements of the company.
  • General Corporate Purposes (GCP).

SAR Televenture IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022

Company Address

SAR Televenture Limited

P.No – 346A, 2nd Floor
Udyog Vihar, Phase-4,
Gurugram – 122016
Phone: 0124 – 45133283

SAR Televenture IPO FAQs

What is SAR Televenture IPO?

SAR Televenture IPO is an NSE SME IPO. They are going to raise ₹24.75 Crores via IPO. The issue is priced at ₹52 to ₹55 per equity share. The IPO is to be listed on NSE.

When SAR Televenture IPO will open?

The IPO is to open on November 1, 2023 for QIB, NII, and Retail Investors.

What is SAR Televenture IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the SAR Televenture IPO through Zerodha?

Steps to apply in SAR Televenture IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘SAR Televenture IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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