SAR Televenture Limited
- IPO Date01 Nov, 2023 to 03 Nov, 2023
- Listing Date08 Nov, 2023
- Face Value₹2 per share
- Issue Price₹52 to ₹55 per share
- Lot Size2000 Shares
- Minimum Investment₹1,10,000
- Listing AtNSE SME
- Total Issue Size45,00,000 Shares
(aggregating up to ₹24.75 Cr) - Fresh Issue45,00,000 Shares
(aggregating up to ₹24.75 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,05,00,000
- Shareholding post issue1,50,00,000
IPO Dates
Closing Date
03 Nov, 2023
Initiation of Refunds
07 Nov, 2023
Listing Date
08 Nov, 2023
01 Nov, 2023
Opening Date
06 Nov, 2023
Basis of Allotment
07 Nov, 2023
Credit of Shares
SAR Televenture Limited 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4000 | ₹2,20,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
SAR Televenture Limited Promoter Holding
M.G. Metalloy Private Limited is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 87.8% | - |
SAR Televenture Limited COMPANY INFORMATION
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 bidding started from November 1, 2023 and ended 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. Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the SAR Televenture IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for SAR Televenture IPO is R.K.Stock Holding. Refer to SAR Televenture IPO RHP for detailed information.
SAR Televenture Limited is a provider of telecommunication solutions to Telecom Network Operators. The Company is engaged in the installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems, and dealing in network equipment.
SAR Televenture is registered as Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). The company leases out build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establishes and maintains assets such as Dark Fibres, Right of Way, Duct Space, and Tower for the purpose of granting on lease or rent or sale basis to the licensees of Telecom Services.
The company also provides project management for laying of the duct and optic fiber cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre, and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra.
SAR Televenture has provided over 373 towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, the company acquired 100% of the issued and paid-up equity share capital of SAR Televenture FZE, United Arab Emirates (Formerly known as Shoora International FZE) from Shoora Capital Limited via a Share Purchase agreement. The subsidiary is engaged in the activities of Wholesale Fresh Foodstuff Trading -Import & Export; Ferrous and Non Ferrous Metal Trading Import & Export; Wireless Communication Devices and Equipment Trading; and Electronic Chips & Semiconductors trading Import/Export.
The company recorded a total revenue from operations of Rs. 3,246.17 Lacs and PAT of Rs. 388.38 Lacs in fiscal 2023.
FAQs About Sar Televenture Limited
SAR Televenture Limited will open on 01 Nov, 2023 and close on 03 Nov, 2023. Investors must apply within this period to participate.
The SAR Televenture Limited price band is set between ₹52.00 and ₹55.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹110000.00.
The SAR Televenture Limited shares are expected to be listed on 08 Nov, 2023, subject to regulatory approvals and final allotment.
You can track your SAR Televenture Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The SAR Televenture Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.