SAR Televenture IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 03, 2023Let’s have a detailed review of the company and analytics of the SAR Televenture IPO release date, IPO offer price, subscription, SAR Televenture Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 52 to Rs 55 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | November 8, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2475 Lakh |
| IPO Size | Rs 2475 Lakh |
| Tick Size | 1 |
SAR Televenture IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – SAR Televenture Share Price |
SAR Televenture IPO – Summary
Their Company was set up with an object to provide telecommunication solutions to Telecom Network Operators. The Company is engaged in installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (“OFC”) Systems and dealing in network equipments.
Their Company is ISO – 9001:2015 Certified Company. Their Company is registered as Infrastructure Provider Category-I (IP-I) with Department of Telecommunication (DOT) which permits them to lease out their own build sites.
The Promoter of this company is MG METALLOY PRIVATE LIMITED. The lead manager of the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is Skyline Financial Services Private Limited.
SAR Televenture IPO Date
The opening and closing dates of SAR Televenture IPO are November 1, 2023, and November 3, 2023, respectively.
SAR Televenture IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 1st Nov | 0.03x | 6.02x | 14.17x | 8.40x |
| 2nd Day – 2nd Nov | 7.44x | 33.02x | 51.34x | 34.95x |
| 3rd Day – 3rd Nov | 77.00x | 715.77x | 222.10x | 288.09x |
| Shares Offered or Net Issue | 848,000 | 650,000 | 1,500,000 | 4,506,000 |
The shares subscribed by the public will be updated here.
SAR Televenture IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
SAR Televenture Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 6, 2023 |
| Refunds Initiation | November 7, 2023 |
| Credit of Shares to Demat Account | November 7, 2023 |
| Share Listing Date | November 8, 2023 |
SAR Televenture IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 52 to Rs 55
SAR Televenture IPO Equity Size
This Initial Public Issue of 4,500,000 Equity Shares of Rs.10 each for cash at a price of Rs 52 to Rs 55 per equity share aggregating to Rs.2475 Lakh.
SAR Televenture IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,500,000 Equity Shares of Rs.10/ each.
Issue Size: 4,500,000 Equity Shares of Rs.10 each, aggregating to Rs.2475 Lakh
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SAR Televenture IPO – Live Performance
The listing date of this IPO is November 8, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – SAR Televenture Share Price |
SAR Televenture IPO Grey Market Premium
The SAR Televenture Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
SAR Televenture IPO – Company Overview
They are a passive telecommunication infrastructure provider in India, engaged primarily in the business of installing and commissioning telecom towers in India.
“Passive infrastructure” refers to the telecommunication towers for wireless telecommunication services and Optical Fibre Cable (OFC) is used for the purpose of hosting and assisting in the operation of the active infrastructure used for transmitting telecommunications signals or transporting voice and data traffic.
With their quality, cost-effective and time bound services, they have gained presence in the Industry as a Telecom Service Provider (TSP) Vendor. They have provided an aggregate 373 number of towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh and Punjab.
SAR Televenture IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 4,324.77 | 2,420.77 | 410.83 | 144.82 |
| *Total Revenue | 1735.35 | 3251.63 | 475.35 | 90.71 |
| Total Expense | 1535.81 | 2824.31 | 472.62 | 93.34 |
| Profit After Tax | 192.38 | 388.36 | 3.71 | (2.71) |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.56 | 91.08 | 1.78 | (1.71) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 388.36 Lakh, Rs. 3.71 Lakh and Rs. (2.71) Lakh respectively.
SAR Televenture IPO – Promoters
The Promoter of this company is:
- MG METALLOY PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Rahul Sahdev, Chairman and Managing Director
- Praveen Tandon, Executive Director and Whole-time Director
- Chandra Prakash Srivastava, Non-Executive Director
- Kavya Jha, Non-Executive Director
SAR Televenture IPO – Promoters Holding
- Pre-Issue Share Holding – 87.80%
- Post-Issue Share Holding – %
SAR Televenture IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 45,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,30,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 42,70,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 15,00,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,50,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,05,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
SAR Televenture IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Installation of 5G/4G towers (hereinafter referred to as the “Project”);
- Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by their Company;
- Funding the working capital requirements of their Company; and
- General Corporate Purposes (GCP).
SAR Televenture IPO – Business Strategy
- Promote tower sharing
- Focus on increasing revenue and capital productivity across existing tower portfolios
- Actively seek opportunities to increase telecom operators in their portfolio
- Capitalise on the rollout of new technologies and data services
SAR Televenture IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Growing presence in telecommunications Circles with high growth potential
- Experienced and dedicated senior team across key functions.
- Efficient Business Model
- Established relationship with their client
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 91.08 | 32.95 | 36.11 |
| 31-Mar-22 | 1.78 | (47.94) | (3.71) |
| Mar-21 | (1.71) | (23.42) | (5.71) |
SAR Televenture IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| SAR Televenture Limited | 2 | [●] | 91.08 | 32.95% | 3,251.63 |
| Listed Peers | |||||
| Suyog Telematics Limited | 10 | 17.65 | 44.17 | 19.77% | 15,228.23 |
| Kore Digital Limited | 10 | 27.39 | 12.78 | 56.10% | 2,127.45 |
SAR Televenture IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED Pantomath Nucleus House, Saki-Vihar Road, Andheri-East, Mumbai – 400072, Maharashtra, India Tel: +91-22 6194 6700 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Punam Thadeshwar/ Bharti Ranga SEBI Registration No: INM000012110 |
SAR Televenture IPO Registrar to offer
| Registrar to the Offer |
| Skyline Financial Services Private Limited Add: D-153A, First Floor, Okhla Industrial Area, Phase-I, New Delhi 110020 Tel: 011-40450193-197 Email: ipo@skylinerta.com Website: www.skylinerta.com Investor Grievance Id: grievances@skylinerta.com Contact Person: Mr. Anuj Rana |
SAR Televenture IPO – Other Details
- Statutory Auditor – Dharit Mehta & Co., Chartered Accountant
- Legal Counsel to the Company – M V KINI, Law Firm
- Bankers to the Company – ICICI Bank Limited
SAR Televenture IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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SAR Televenture Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
SAR Televenture IPO Review FAQs
Check out various FAQs related to SAR Televenture IPO:
What is the Issue Size of the SAR Televenture IPO?
The Company is making an initial public offer of 4,500,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of SAR Televenture IPO?
The price band for this particular IPO ranges between Rs 52 to Rs 55. As far as the face value of the share is concerned, it is Rs. 2 per share.
What is the SAR Televenture IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 1, 2023, while the closing date is set at November 3, 2023.
What is the SAR Televenture IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 7, 2023, and share listing date is on November 8, 2023.
What is the SAR Televenture IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 8, 2023. The date, when the listing would be done, is stagnant on November 8, 2023.
Who is the Registrar of SAR Televenture IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of SAR Televenture IPO?
Here are the promoters of this IPO – MG METALLOY PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of SAR Televenture IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is SAR Televenture IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of SAR Televenture Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 388.36, 2022 is 3.71, and 2021 is (2.71). PAT from Jun 2023 is 192.38.
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