SAR Televenture Limited

Company Profile
Company Name SAR Televenture Limited
Open Date 22-07-2024
Close Date 24-07-2024
Exchange NSE SME
Lot Size 500 Shares
Issue Price ₹200 to ₹210 per share
Issue Size 71,42,857 shares
Application Amount ₹1,05,000
Recommendation Apply
Originally formed and incorporated as ‘SAR Televenture Private Limited’ on May 24, 2019. The registered office is in Gurugram, Haryana, India. The company is engaged in installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (“OFC”) Systems and dealing in network equipment. The Company is registered as Infrastructure Provider Category I (IP-I) with Department of Telecommunication (DOT) which permits them to lease out built sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establish and maintain assets such as Dark Fibers, Right of Way, Duct Space and Tower for the purpose to grant on lease or rent or sale basis to the telecom service provider companies. The company had 38 employees as of May 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 472.89 3,246.17 12,411.71
EBITDA 62.86 570.40 1,760.84
Net Profit 3.71 393.59 1,566.18
RoCE 8.45% 23.05% 6.46%
ROE - 33.20% 21.81%
P/E 117.98 1.16 14.79

Tentative Timeline

Opening Date 22-07-2024
Closing Date 24-07-2024
Basis of Allotment 25-07-2024
Initiation of Refunds 26-07-2024
Credit of Shares to Demat 26-07-2024
Listing Date 29-07-2024

Objects of the Issue

Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes.
Funding setting up of an additional 1,000 number of 4G/5G telecom towers.
Funding incremental Working Capital Requirements of the company.
General Corporate Expenses.

Contact Information

Registered Office SAR Televenture Limited P. No – 346A, 2 nd Floor Udyog Vihar, Phase-4, Gurugram-122016
Phone +91 8587050050
Email info@sarteleventure.com
Website https://www.sarteleventure.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email sarteleventure.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 66.26%
Share Holding Post Issue (Promoters) 44.89%

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