SAR Televenture was incorporated on May 24, 2019. The company was set up with the object of providing telecommunication solutions to telecom network operators for the evolving telecom industry and laying fibre cables. It is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India.
| Bidding Dates |
|---|
| 22 Jul 2024 - 24 Jul 2024 |
| Subscription |
|---|
| 7.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 600 | 7.1 M | ₹200 - ₹210 | 44.89 % | ₹1428.6 M - ₹1500.0 M | RHP DOC |
SAR Televenture IPO SUBSCRIPTION STATUS
24 Jul '24SAR Televenture IPO overall subscription rate was 7.99 times the total available shares
SAR Televenture IPO retail subscription rate was 9.95 times in the retail segment
SAR Televenture IPO non-institutional investor subscription rate was 15.3 times in the non-institutional investor category
SAR Televenture IPO Qualified Institutional Bidder subscription rate was 4.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jul 2024 (Day 3) | 9.95x | 15.3x | 4.42x |
23 Jul 2024 (Day 2) | 3.42x | 1.88x | 0.61x |
22 Jul 2024 (Day 1) | 1.56x | 0.57x | 0.09x |
SAR Televenture FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 156.6 | 1,241.2 | -2,085.6 | -2110.9 | 14.2% |
| FY23 | 39.4 | 324.6 | -52.3 | -119.3 | 17.6% |
| FY22 | 0.4 | 47.3 | 5.2 | -18.1 | 13.3% |
SAR Televenture IPO SUBSCRIPTION STATUS DETAILS
SAR Televenture had 7.1 M shares on offer
SAR Televenture IPO offer price was in the range ₹200 - ₹210
SAR Televenture IPO minimum Investment was ₹120000
SAR Televenture IPO issue size was ₹ 1428.6 M - ₹ 1500.0 M
SAR Televenture had a minimum lot size of 600 Shares per application
SAR Televenture NUMBER OF SHARES ON OFFER
SAR Televenture IPO IMPORTANT DATES
| Issue Open Date | 22 Jul 2024 |
| Issue close Date | 24 Jul 2024 |
| Allotment Date | 25 Jul 2024 |
| Refund Date | 26 Jul 2024 |
| Demat Account Credit Date | 26 Jul 2024 |
| Listing Date | 29 Jul 2024 |
| Listing on Exchange(s) | NSE and BSE |
| SAR Televenture Allotment Status | Exchange |
SAR Televenture IPO subscription opened on 22 Jul 2024, and closed on 24 Jul 2024
IPO allotment for SAR Televenture was finalized on Thursday, 25 Jul 2024
IPO listing for SAR Televenture was on NSE and BSE on Monday, 29 Jul 2024
SAR Televenture IPO LISTING GAINS
| Issue Price (adjusted) | 210.0 |
| Listing Open Price | 225.1 |
| Listing Close Price | 232.6 |
| Listing Gain% | 7.2% |
| Current Gain% | -46.5% |
SAR Televenture Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAR Televenture Ltd. | 112.4 | 248.8 | 7.8 | -0.2 | 0.5 | 7.5 | 6.5 | 529 | 48.5 | 71.8 | 53.1 | 14.3 | -32.4 |
| Indus Towers Ltd. | 386 | 101833.1 | 14.2 | -0.5 | 3.1 | 18 | 10 | 32970.1 | 6.7 | 7144.9 | -28.1 | 27.1 | -26.6 |
| Bharti Hexacom Ltd. | 1538.8 | 76940 | 42.2 | 1.3 | 8 | 24.2 | 9.1 | 9577.6 | 9.7 | 1733.2 | 16 | 36.5 | 32.8 |
| Tata Communications Ltd. | 1755.2 | 50026.1 | 52.9 | -1.2 | 2 | 29 | 3.5 | 25104.4 | 8 | 1001.6 | -45.5 | 33.2 | -44.2 |
| Suyog Telematics Ltd. | 880.4 | 1031.6 | 16.4 | 0.3 | 4.7 | 12.9 | 6.7 | 227.6 | 13 | 63.1 | 55.5 | 53.8 | 54.4 |
| OnMobile Global Ltd. | 69.7 | 741.1 | -65.8 | -0.9 | 1.4 | -1.8 | -1.1 | 571.8 | -1.1 | -11.3 | 72 | -1.1 | 72.1 |
SAR Televenture INFORMATION ON IPO ISSUE
About SAR Televenture
SAR Televenture was incorporated on May 24, 2019. The company was set up with the object of providing telecommunication solutions to telecom network operators for the evolving telecom industry and laying fibre cables. It is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India.
Object of the Issue
- Funding setting up of Fibre-to-the-Home network solutions for 3,00,000 home passes
- Funding setting up of an additional 1000 number of 4G/5G telecom towers
- Funding incremental working capital requirement of the company
- General corporate purposes
SAR Televenture - PROMOTERS
| Name |
|---|
| M.G Metalloy Private Limited |
SAR Televenture Lead Manager of the Issue
Pantomath Capital Advisors Private Limited
sar.composite@pantomathgroup.com
SAR Televenture Registrar to the Issue
Link Intime India Private Limited
sarteleventure.ipo@linkintime.co.in
SAR Televenture Strengths
Clientele base
The telecom industry is oligopolistic with three large private-sector players. The company's clientele base consists of all three major telecom service providers as a part of its portfolio
Growing its constant presence
There has been growth in the last few years in the telecom sector on the back of strong consumer demand and supportive policies. The company is currently a passive telecommunication infrastructure provider in India and intends to enter the business vertical of installing Fibre-to-the-Home
SAR Televenture Risks
Limited operating history
The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult to evaluate the business and prospects
Negative cash flow
The company had negative cash flow during certain fiscal years. Sustained negative cash flow could adversely impact the business, financial condition, and results of operations
IPO FAQs
The promoter of the company is M.G Metalloy Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 200.0 - 210.0.
The IPO application opens on Jul 22, 2024 and closes on Jul 24, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Jul 25, 2024.
The refund will be credited to your account on Jul 26, 2024.
The allotted shares will be credited to your demat on Jul 26, 2024.
SAR Televenture Ltd.’s shares listed on the stock exchanges on Jul 29, 2024.