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Sar Televenture IPO

Sar Televentureess FPO

  • Status: Closed
  • RHP:
  • ₹ 1,040 / 20 shares

    Minimum Investment

FPO Listing Details

  • Listing Date

    29 Jul 2024

  • Listing Price

    ₹ 225.05

  • Listing Change

    309.18%

  • Last Traded Price

    ₹ 359.80

FPO Details

  • Open Date

    22 Jul 2024

  • Close Date

    24 Jul 2024

  • FPO Price Range

    ₹ 52 to ₹ 55

  • FPO Size

    ₹ 24.75 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Nov 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

FPO Timeline

Sar Televentureess FPO Subscription Status

Last Updated: 02 September 2024 12:00 PM by 5Paisa

SAR Televenture Limited IPO is all set to open from 1st November to 3rd November 2023. The company provides telecommunication solutions. The IPO includes a fresh issue of 4,500,000 shares worth ₹24.75 cr. The share allotment date is 6th November, and the IPO will be listed on 8th November on the stock exchanges. The price band is ₹52 to ₹55 per share and the lot size is 2000 shares.    

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar. 

Objectives of SAR Televenture IPO

SAR Televenture Limited plans to utilize the raised capital from the IPO to:

●    To fund the installation of 5G/4G towers.
●    To repay or prepay the debt obtained including foreclosure charges, if any.
●    For working capital requirements.
●    General corporate purposes

Stock is trading at 9.84 times its book value Though the company is reporting repeated profits, it is not paying out dividend Tax rate seems low Company might be capitalizing the interest cost Working capital days have increased from 285 days to 696 days

Established in 2019, SAR Televenture Limited provides telecommunication solutions to Telecom Network Operators. The company's core activities include the installation and activation of 4G and 5G Towers, Optical Fiber Cable (OFC) Systems, and the distribution of network equipment. SAR Televenture has already leased out more than 373 towers across West Bengal, Bihar, Uttar Pradesh, and Punjab.

Registered as an Infrastructure Provider Category I (IP-I) by the Department of Telecommunication (DOT), SAR Televenture leases infrastructure sites, including GBT/RTT/Pole sites and Outdoor Small Cell (ODSC) locations. Additionally, it establishes and manages assets such as Dark Fibers, Right of Way, Duct Space, and Towers for the purpose of leasing, renting, or selling them to Telecom Services licensees.

SAR Televenture also offers comprehensive project management services, covering the installation of ducts and optical fiber cables, the construction of essential transmission and telecom utilities, dark fiber leasing, optical fiber network development, duct and optical fiber maintenance, and full turnkey services for optical fiber projects. These services are extended to various Telecom Network Operators, Broadband Service Providers, and ISPs throughout Maharashtra.

Peer Comparison

●    Suyog Telematics Limited
●    Kore Digital Limited

For More Information:
Webstory on SAR Televenture IPO
SAR Televenture IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 32.46 4.73 0.91
EBITDA 5.70 0.63 0.11
PAT 3.88 0.037 -0.027
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 24.21 4.11 1.45
Share Capital 0.652 0.041 0.040
Total Borrowings 12.42 3.65 1.56
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -5.24 0.52 -0.18
Net cash from / (used in) investing activities -6.87 -2.33 -0.94
Net cash flow from / (used in) financing activities 12.82 1.79 1.12
Net increase (decrease) in cash and cash equivalents 0.71 -0.026 0.0047


Strengths

  1. Growing presence in telecommunications Circles with high growth potential.
  2. Established relationships with the clients.
  3. The company has an Efficient Business Model.
  4. The company has an experienced and dedicated senior team across key functions.
     

Risks

  1. The company has a limited operating history and may be subject to risks inherent in early-stage companies.
  2. The company has incurred significant losses since its inception except for the last two fiscal years.
  3. It is heavily dependent on factors affecting the wireless telecommunications industry in India.
  4. A significant portion of the revenue comes from the subsidiary.
  5. Third Party Passive Infrastructure sharing is a new concept in the Indian telecom industry.
  6. Higher working capital requirements. 
  7. Negative cash flows in the past.
     

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FAQs

The minimum lot size of SAR Televenture IPO is 2000 shares and the investment required is ₹1,04,000.

The price for SAR Televenture IPO is ₹52 to ₹55 per share.

SAR Televenture IPO opens from 22 July to 24 July 2024.
 

The size of SAR Televenture IPO is ₹24.75 cr. 

The share allotment date of SAR Televenture IPO is 6th November 2023.

The SAR Televenture IPO will be listed on 8th November 2023.

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for SAR Televenture IPO.

SAR Televenture plans to utilize the raised capital from the IPO to:

1.    To fund the installation of 5G/4G towers.
2.    To repay or prepay the debt obtained including foreclosure charges, if any.
3.    For working capital requirements.
4.    General corporate purposes.
 

To apply for SAR Televenture IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the SAR Televenture Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.

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