SAR Televenture Limited IPO
₹52 - ₹55
2000
288.09
| Open Date: | 01-Nov-2023 |
| Close Date: | 03-Nov-2023 |
| Allotment Date: | 06-Nov-2023 |
| Listing Date: | 08-Nov-2023 |
| Listing Price: | ₹166.85/- |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹52-55 Per Equity Share |
| Issue Size: | Total Issue Size 4,500,000 shares (aggregating up to ₹24.75 Cr) : Fresh Issue 4,500,000 shares (aggregating up to ₹24.75 Cr) |
| Market Lot (Min Amount): | Retail - ₹110,000 : HNI - ₹220,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 848,000 | 650,000 | 1,500,000 | 2,998,000 |
| Day 1 - 01-11-23 05:00 PM | 0.03x | 6.02x | 14.17x | 8.40x |
| Day 2 - 02-11-23 05:00 PM | 7.44x | 33.02x | 51.34x | 34.95x |
| Day 3 - 03-11-23 05:00 PM | 77.00x | 715.77x | 222.10x | 288.09x |
| Total No. of Application: | 1,66,575 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 222.10x | |||
| Earning Per Share(EPS) | ₹91.08/- |
| P/E Ratio | N/A |
| RoNW | 32.95% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 2,420.77 | 3,251.63 | 388.36 |
| 31 Mar,2022 | 410.83 | 475.35 | 3.71 |
| 31 Mar,2021 | 144.82 | 90.71 | -2.71 |
| Pre Issue Share Holding | 87.80% |
| Post Issue Share Holding | N/A% |
| 1. M.G. Metalloy |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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