SAR Televenture Limited (NSE SME FPO)
Jul 22, 2024 - Jul 24, 2024
| Price | ₹200 - ₹210 |
| Premium | ₹8 |
|---|---|
| Lot size | 500 |
| Allotment | Jul 25, 2024 |
| Listing | Jul 29, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 500 | 105000 | 4988 |
| HNI | 2 | 1000 | 210000 | 2137 |
Last updated on 24-Jul-2024 17:02:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1425225 | 11848500 | 8.31 |
| NIB | 1068750 | 12039000 | 11.26 |
| RETAIL | 2493750 | 16255000 | 6.52 |
| Total | 4987725 | 40142500 | 8.05 |
| Retail Apps | 32492 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹3.17 | @8% ₹3.63 | @9% ₹4.08 | @10% ₹4.53 | @11% ₹4.99 | @12% ₹5.44 |
SAR Televenture FPO Details
| Issue Size | 7,142,857 shares (aggregating up to ₹150.00 Cr) |
| Fresh Issue | 7,142,857 shares (aggregating up to ₹150.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
SAR Televenture FPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 21.81% | 33.20% | -47.94% |
| ROCE | 6.63% | 29.98% | 6.68% |
| RONW | 21.81% | 33.20% | -47.94% |
| D/E | 2.48 | 0.37 | - |
| EPS (basic) | 14.20 | 181.28 | 1.78 |
| P/E Pre IPO | 14.79 |
Company Financials
SAR Televenture Limited Financial Information (Restated Consolidated)
SAR Televenture Limited 's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 26,641.86 | 2,422.42 | 410.83 |
| Revenue | 12,416.97 | 3,251.63 | 475.35 |
| Profit | 1,566.17 | 393.59 | 3.71 |
| Net Worth | 7,180.41 | 1,185.59 | -7.74 |
| Reserves | 6,880.41 | 1,120.30 | -11.91 |
| Borrowing | 17,787.41 | 444.41 | 337.09 |
| Amount in ₹ Lakhs | |||
About Section
Incorporated in May 2019, SAR Televenture Limited provides comprehensive telecommunication solutions for network operators, including the installation and commissioning of 4G and 5G towers, Optical Fibre Cable (OFC) systems, and network equipment. As an Infrastructure Provider Category I (IP-I) registered with the Department of Telecommunications (DOT), the company leases built sites and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers for lease, rent, or sale to telecom licensees. SAR Televenture also offers project management services for laying ducts and optic fiber cables, constructing telecom utilities, and providing turnkey optical fiber project services across Maharashtra. With 413 leased towers installed across multiple states and ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, the company demonstrates its commitment to quality and sustainability. On January 3, 2023, SAR Televenture acquired SAR Televentures F.Z.E in the UAE, expanding its operations in laying and installing fiber cables and trading network equipment. As of May 31, 2024, the company employs 38 individuals in various departments.
Strength Factors
Diverse Clientele: Maintains a strong portfolio with three major telecom service providers, ensuring a stable and diverse customer base.
High Growth Potential: Established presence in the telecommunications sector, which is poised for significant growth, particularly with the expansion of 4G and 5G networks.
Geographical Expansion: Continual business growth across various jurisdictions, enhancing market reach and operational diversity.
Risk Factors
Customer Concentration: Reliance on a limited number of telecom service providers means that losing a major customer could significantly impact the company's business, financial condition, and prospects.
Industry Dependence: The Company’s performance is heavily tied to the growth of the wireless telecommunications and FTTH service sectors, making it vulnerable to fluctuations and changes in these industries.
Subsidiary Reliance: A substantial portion of revenue comes from the subsidiary; any adverse developments affecting the subsidiary could negatively impact the company's overall business, operations, and financial health.
SAR Televenture FPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
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