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| IPO Listing At | NSE SME |
| SME FPO Issue Type | Book Build Issue |
| Total Issue Size | ₹149.99 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹149.99 Cr |
| Fresh Issue | ₹142.50 Cr |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹200.00-210.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SARTELE |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Pantomath Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 500 shares and in multiples thereof
Incorporated in May 2019, SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.
SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services.
The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintaining ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
As of May 31, 2024, the company has installed a total of 413 leased towers across various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands.
The Company is a ISO 9001:2015, ISO 140001: 2015, and ISO 45001: 2018 certified company.
On January 3, 2023, the company entered into a share purchase agreement to acquire 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates (formerly known as Shoora International -F.Z.E) from Shoora Capital Limited. Our subsidiary is currently involved in laying and installing fiber cables and trading network equipment.
As of May 31, 2024, the company has 38 employees in various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Installation of 5G/4G towers (hereinafter referred to as the “Project”) | 12.39 |
| 2 | Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the Company; | 0.79 |
| 3 | Funding the working capital requirements of the Company; and | 4.50 |
| 4 | General Corporate Purposes (GCP) | 5.30 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 266.42 | 24.22 | 4.11 |
| Total Income | 124.17 | 32.52 | 4.75 |
| Profit After Tax | 15.66 | 3.94 | 0.04 |
| NET Worth | 71.80 | 11.86 | -0.08 |
| Reserves and Surplus | 68.80 | 11.20 | -0.12 |
| Total Borrowing | 177.87 | 4.44 | 3.37 |
| Amount in ₹ Crore | |||
| KPI | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|
| Debt / Equity | 0.22% | 0.65% |
| RoNW | 5.79% | 32.95% |
| PAT Margin | 11.09% | 11.94% |
| EBITDA Margin | 14.91% | 17.57% |
| Price to Book Value | 6.63 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| P/E (x) | 14.79 | |
| Promoter Holding | 87.8% | 61.46% |
