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Let’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

SAR Televenture IPOTheir 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:


    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.[●]
    Net Issue to the Public Up to 42,70,000 Equity Shares aggregating up to Rs.[●]
    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:

    1. Installation of 5G/4G towers (hereinafter referred to as the “Project”);
    2. Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by their Company;
    3. Funding the working capital requirements of their Company; and
    4. 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 Nucleus House, Saki-Vihar Road, Andheri-East, Mumbai – 400072, Maharashtra,
    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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