SAR Televenture Limited FPO

SAR Televenture Limited FPO

  • IPO Date22 Jul, 2024 to 24 Jul, 2024
  • Listing Date29 Jul, 2024
  • Face Value₹2 per share
  • Issue Price₹200 to ₹210 per share
  • Lot Size500 Shares
  • Minimum Investment₹1,05,000
  • Listing AtNSE SME
  • Total Issue Size71,42,857 Shares
    (aggregating up to ₹150.00 Cr)
  • Fresh Issue71,42,857 Shares
    (aggregating up to ₹150.00 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue FPO
  • Share holding pre issue-
  • Shareholding post issue-
IPO Dates

Closing Date

24 Jul, 2024

Initiation of Refunds

26 Jul, 2024

Listing Date

29 Jul, 2024

22 Jul, 2024

Opening Date

25 Jul, 2024

Basis of Allotment

26 Jul, 2024

Credit of Shares

UPI Mandate Expiry Date:24 Jul, 2024

SAR Televenture Limited FPO Lot Size

Investors can bid for a minimum of 500 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.

ApplicationLotsSharesAmount
S-HNI (Min)21000₹2,10,000
Retail (Min)1500₹1,05,000
B-HNI (Min)---
Retail (Max)1500₹1,05,000
S-HNI (Max)---

SAR Televenture Limited FPO Promoter Holding

The promoter of the company is M.G Metalloy Private Limited.

Pre Issue Share HoldingPost Issue Share Holding
66.27%-

SAR Televenture Limited FPO COMPANY INFORMATION

SAR Televenture FPO is a book built issue of Rs 150.00 crores. The issue is entirely a fresh issue of 71.43 lakh shares. SAR Televenture FPO opens for subscription on July 22, 2024 and closes on July 24, 2024. The allotment for the SAR Televenture FPO is expected to be finalized on Thursday, July 25, 2024. SAR Televenture FPO will list on NSE SME with tentative listing date fixed as Monday, July 29, 2024 SAR Televenture FPO price band is set at ₹200 to ₹210 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is ₹105,000. The minimum lot size investment for HNI is 2 lots (1,000 shares) amounting to ₹210,000. Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the SAR Televenture FPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to SAR Televenture FPO RHP for detailed information.

Incorporated in May 2019, SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.

SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services.

The company 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.

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.

The Company is a ISO 9001:2015, ISO 140001: 2015, and ISO 45001: 2018 certified company.

On January 3, 2023, the company entered into a share purchase agreement to acquire 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates (formerly known as Shoora International -F.Z.E) from Shoora Capital Limited. Our subsidiary is currently involved in laying and installing fiber cables and trading network equipment.

As of May 31, 2024, the company has 38 employees in various departments.

Comprehensive Analysis of SAR Televenture Limited IPO

The SAR Televenture Limited IPO presents a composite issue including both a Further Public Offer (FPO) and a Rights Issue. This strategic move is set to raise substantial capital to support the company's growth initiatives. Below, we delve into the crucial aspects, benefits, and potential drawbacks of this IPO.

Overview of the IPO

SAR Televenture Limited's composite issue has been authorized by the company’s board and shareholders, highlighting a significant milestone in its financial strategy. This offering includes a Rights Issue and a Further Public Offer, aggregating up to ?45,000 lakhs.

Details of the Offering

  • Rights Issue: 1,50,00,000 equity shares at ?2 each, aggregating up to ?30,000 lakhs.
  • Further Public Offer: Equity shares aggregating up to ?15,000 lakhs.
  • Record Date: July 09, 2024.
  • Price Band: ?200 to ?210 per equity share for the FPO.
  • Opening Dates:
    • Rights Issue: July 15, 2024.
    • FPO: July 22, 2024.

Advantages of the IPO

Strategic Capital Raise

The composite issue is designed to raise a significant amount of capital, which will be pivotal in supporting SAR Televenture's growth and expansion plans. This capital influx will enable the company to execute its strategic initiatives effectively.

Enhancing Shareholder Value

Existing shareholders are provided with the opportunity to participate in the Rights Issue, allowing them to increase their holdings at a preferential rate. This can potentially enhance shareholder value and foster a sense of ownership and confidence among investors.

Strengthening Market Position

Successfully executing this offer can significantly enhance SAR Televenture’s market position and credibility. It positions the company as a robust player capable of securing substantial capital, which is essential for sustaining competitive advantage.

Potential Drawbacks

Market Volatility

The success of the offer is inherently tied to market conditions, which can be volatile and unpredictable. Adverse market conditions can impact investor sentiment and the overall success of the offer.

Dilution of Shares

One potential downside for existing shareholders is the dilution of their holdings if they choose not to participate in the Rights Issue. This could affect the value of their investments in the short term.

Regulatory Compliance

The offer is subject to approvals and compliance with various regulatory bodies. Delays or issues in securing these approvals could pose significant risks to the successful execution of the offer.

Economic Environment

The broader economic environment plays a crucial role in the success of the offer. Economic downturns or unfavorable conditions can negatively impact investor sentiment and participation in the IPO.

Conclusion

The SAR Televenture Limited IPO represents a strategic financial maneuver aimed at raising substantial capital to fuel the company’s growth. While there are significant advantages, such as enhanced shareholder value and market positioning, potential investors should also consider the inherent risks associated with market volatility, share dilution, and regulatory compliance.

FAQs About Sar Televenture Limited Fpo

SAR Televenture Limited FPO will open on 22 Jul, 2024 and close on 24 Jul, 2024. Investors must apply within this period to participate.

The SAR Televenture Limited FPO price band is set between ₹200.00 and ₹210.00 per share. The minimum lot size is 500, requiring an investment of at least ₹105000.00.

The SAR Televenture Limited FPO shares are expected to be listed on 29 Jul, 2024, subject to regulatory approvals and final allotment.

You can track your SAR Televenture Limited FPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The SAR Televenture Limited FPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.