Sar Televenture Ltd IPO Timeline

Sar Televenture Ltd IPO opens on 22-Jul-2024, and closes on 24-Jul-2024. The Sar Televenture Ltd IPO bid date is from 22-Jul-2024 to 24-Jul-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Sar Televenture Ltd IPO Opening Date 22-Jul-2024
Sar Televenture Ltd IPO Closing Date 24-Jul-2024
Basis of Allotment 25-Jul-2024
Initiation of Refunds 25-Jul-2024
Credit of Shares to Demat 26-Jul-2024
Sar Televenture Ltd IPO Listing Date 29-Jul-2024

Sar Televenture Ltd IPO Lot Size

Sar Televenture Ltd IPO lot size is 500 shares. A retail-individual investor can apply for up to 1 lots (500 shares or 105000).

Application Lots Shares Amount
Minimum 1 500 ₹105000
Maximum 1 500 ₹105000

Sar Televenture Ltd IPO Details

Sar Televenture Ltd IPO Date 22-Jul-2024 to 24-Jul-2024
Sar Televenture Ltd IPO Face Value Shares of ₹2 per share
Sar Televenture Ltd IPO Price ₹200 to ₹210 per share
Sar Televenture Ltd IPO Lot Size 500
Issue Size Shares of ₹2 (aggregating up to ₹149.99 Cr)
Fresh Issue Shares of ₹2 (aggregating up to ₹150 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters M G Metalloy Pvt Ltd.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding setting up of Fiber to the Home (FTTH) network solutions for 300000 Homes passed
  • 2 Funding setting up of a additional 1000 number of 4G/5G telecom towers
  • 3 Funding incremental working capital requirements of the company
  • 4 General corporate purposes

Company Financials

Sar Televenture Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 19.47 6.46 0.79
03-2022 4.11 4.75 0.04
03-2021 1.45 0.91 -0.03
Amount in ₹ Crore
  • Clientele base of three telecom service providers as a part of its portfolio.
  • Growing its constant presence in telecommunications sector with high growth potential.
  • Growth of business across jurisdictions.
  • Experienced and dedicated senior team across key functions.
  • As there are very limited players in the telecom service provider industry, the company depends on a limited number of customers for tower installation business. Loss of any customer due to any adverse development or significant reduction in business from its major customer may adversely affect its business, financial condition, results of operations and prospects.
  • 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 its business and prospects. The company has incurred losses in the first two fiscal years since its inception. The company expect its operating expense to increase in the foreseeable future, and there is a possibility that its may not achieve profitability.
  • The Company is heavily dependent on factors affecting the growth of the business of wireless telecommunications and FTTH service.
  • The company derives majority portion of its revenue from operations from subsidiary. Loss of any of its subsidiary could adversely affect the company's business, results of operations and financial condition.
  • Any inability to protect the Company's possession to the land on which the Company's towers are located may adversely affect its business and operating results.
  • The Company has availed of an unsecured loan from its Corporate Promoter. Any demand for the repayment of such unsecured loan, may adversely affect its cash flow and financial condition.
  • Tower sharing market is very new and niche in Indian telecom industry. Entering the market and achieving scalability may be difficult and could disrupt its business and affect the company financial condition.
  • Failures to execute expansion success fully and effectively in its lines of business could disrupt its business and affect the company's financial condition.
  • The Company had negative cash flow during certain fiscal years; details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition, and results of operations.
  • The current geographic concentration of its operations creates an exposure to local economies, regional downturns and severe weather or other catastrophic occurrences.
  • The Objects of the Offer have not been appraised by any bank or financial institution. Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and may be subject to change based on various factors, some of which may be beyond its control. Any variation in the utilization of the Net Proceeds or in the terms of the conditions as disclosed in this Offer Document would be subject to certain compliance requirements, including prior shareholders' approval.
  • The loss of key suppliers or their failures to deliver equipment and material on a timely basis could negatively impact its business prospects and results of operations.
  • The company is required to obtain and maintain various licences and permits for its business. The company's inability to obtain, renew or maintain its statutory and regulatory permits and approvals required to operate its business may have a material adverse effect on the company's business, financial condition, and results of operations.
  • The company has working capital requirements and may requires additional capital and financing in the future. Its operations could be curtailed if the company is unable to obtain required additional capital and financing when needed.
  • The Company intends to utilize a portion of the Net Proceeds towards funding setting up of Fiber- to-theHome (FTTH) network solutions for 3,00,000 Home Passes and towards Funding setting up of an additional 1000 number of 4G/5G telecom towers. The company is yet to place orders for any materials or equipment for the proposed objects. Delay in schedule of implementation of the proposed objects for which the funds are being raised may subject the Company to risks related to time and cost, which may have a material adverse effect on its business, results of operations and financial condition.
  • The implementation of the EMF radiation norms or other similar recommendations on tele communications service providers could affect its business, prospects, results of operations, cash flows and financial condition.
  • A shortage or non-availability of essential utilities such as electricity could affect its business operations and have an adverse effect on the company's business, results of operations and financial condition.
  • The company faces competition from its competitors. The company inability to effectively compete in the telecom infrastructure space, will adversely affect its prospects, results of operations and financial condition.
  • New technologies could make its tower/pole leasing business less desirable to the company clients and may result in decreasing its revenues.
  • The success of its business model is subject to the continuance survival and credit worthiness of telecom operators.
  • The Company is currently using the corporate Trademark "SAR" which is a trademark of S A R Venture Private Limited'.
  • There have been delays in payment of certain statutory dues by the Company. While these non- compliances are no longer outstanding, its cannot assure you that such lapses will not occur in the future, or that the company will be able to rectify or mitigate such lapses in a timely manner, or at all.
  • Its Directors held the directorship in other entities, which has been struck off by the MCA.
  • Its business depends on the company's senior management. Any change in its senior management may affect its business growth.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • Any termination of its contracts with the telecom service providers may have an adverse effect on its business, result of operation and profitability.
  • Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • The company is required to obtain and maintain various licences and permits for its business. The company inability to obtain, renew or maintain its statutory and regulatory permits and approvals required to operate its business may have a material adverse effect on the company's business, financial condition, and results of operations.
  • A decrease in demand for tower infrastructure in India could materially and adversely affect its operating results.
  • Its Registered Office and Corporate office are located on land parcels that are not owned by it and are held by the company on a leasehold basis. In the event the company lose or are unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.
  • Its Corporate Promoter will continue to retain significant shareholding in the Company after the Offer, which will allow it to exercise control over it.
  • Its insurance policies may not be adequate to cover all losses incurred in its business. An inability to maintain adequate insurance cover to protect it from material adverse incidents in connection with its business may adversely affect its operations and profitability.
  • Its may not be able to successfully adapt and innovate the company systems, including its internal controls and procedures over financial reporting and even its Information Technology systems, as a result of increasing business complexities and demand.
  • The company may be affected by strikes, work stoppages, or increased wage demands by its employees that could interfere with the company operations.
  • Its may not be successful in implementing the company's business strategies.
  • Its management will have broad discretion over the use of the Net Proceeds.
  • Its may be subject to fraud, theft, employee negligence or similar incidents.
  • Certain sections of this Offer Document disclose information from an industry report commissioned by it from CARE Analytics and Advisory Private Limited, which is an independent third-party entity and is not related to the Company, its Promoters or Directors in manner whatsoever. Any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
  • The company has issued Equity Shares in the last 12 months at prices that is lower than the Offer Price.
  • Enter the Fiber to the Home (FTTH) business.
  • Expanding our tower installation business by setting up of an additional 1000 number. of 4G/ 5G telecom towers.
  • To promote the concept of tower sharing amongst different telecom service providers and leveraging the same for higher revenue and profitability.
  • To promote the concept of optic fiber sharing amongst different telecom service providers in the FTTH segment with a focus on generating revenue and profitability.
  • Expand to newer geographies with its tower set up and FTTH business segment.
  • Business Operation Process for installation of towers.
  • Business Operation Process for Setting up Fiber-to-the-Home (FTTH) network.
  • Components.

Sar Televenture Ltd IPO Promoter Holding

Pre Issue Share Holding 66.27%
Post Issue Share Holding 0%

Sar Televenture Ltd IPO Subscription Status (Bidding Detail)

The Sar Televenture Ltd IPO is subscribed 1.34 times on Jul 24, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 1.34

Sar Televenture Ltd IPO Prospectus

Sar Televenture Ltd IPO Listing Date

Listing Date 29 Jul 24
BSE Script 91900
NSE Symbol SARTELE
Listing In NSE - SME
ISIN INE0PUC01020
IPO Price ₹210
Face Value ₹2

Sar Televenture Ltd IPO Registrar

Link Intime India Pvt Ltd

Phone: +91 810 811 4949
Email: sarteleventure.fpo@linkintime.co.in
Website: www.linkintime.co.in

Sar Televenture Ltd IPO Lead Manager(s)

  1. Pantomath Capital Advisors Pvt Ltd

FAQs on Sar Televenture Ltd IPO

Sar Televenture Ltd IPO, which opens for subscription from 22-Jul-2024 to 24-Jul-2024 has an issue size of ₹149.99 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Sar Televenture Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Sar Televenture Ltd IPO Opens for subscription from 22-Jul-2024 to 24-Jul-2024.

The lot size of Sar Televenture Ltd is 500 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹105000 and ₹105000 respectively.

Allotment date for Sar Televenture Ltd is 25-Jul-2024 and refund of application amount (in case allotment is not received) will begin from 25-Jul-2024. If your allotment goes through, then shares will be credited in your Demat account by 26-Jul-2024.

The registrar for Sar Televenture Ltd IPO is Link Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Sar Televenture Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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