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sar-televenture-ipo

Sar Televenture FPO

  • Status: Closed
  • RHP:
  • ₹ 100,000 / 500 shares

    Minimum Investment

FPO Details

  • Open Date

    22 Jul 2024

  • Close Date

    24 Jul 2024

  • Listing Date

    29 Jul 2024

  • FPO Price Range

    ₹ 200 - ₹ 210

  • FPO Size

    ₹ 150 Cr

  • Listing Exchange

    NSE SME

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Sar Televenture FPO Subscription Status

Last Updated: 24 July 2024 6:58 PM by rutuja_chachad

SAR Televenture Limited, founded in May 2019, focuses on delivering telecommunications solutions to network operators. The firm specializes in the construction and commissioning of 4G and 5G towers, optical fiber cable (OFC) systems, and network infrastructure.

SAR Televenture, a registered Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT), rents out developed sites such as GBT/RTT/Pole sites and Out-Door Small Cells. In addition, the corporation builds and manages assets such as Dark Fibers, Right of Way, Duct Space, and Towers, which are available for lease, rent, or sale to Telecom Services licensees.

The firm also offers full project management services, such as duct and optical fiber cable laying, transmission and telecom utility construction, dark fiber leasing, optical fiber network building, and optical fiber project turnkey services. These services are available to telecom network operators, broadband service operators, and ISPs throughout Maharashtra.

As of May 31, 2024, SAR Televenture had 413 leased towers in several locations, including West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman and Nicobar Islands.


The firm has ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.

On January 3, 2023, SAR Televenture purchased 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates from Shoora Capital Ltd. This business concentrates on the laying and installation of fiber cables and trade networks.


Peers

Kore Digital Limited
Suyog Telematics Ltd
 

For More Information
Webstory on SAR Televenture FPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 124.17 32.52 4.75
EBITDA 15.66 3.94 0.04
PAT 16.07 4.27 0.03
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 266.42 24.22 4.11
Share Capital 3.00 0.65 0.04
Total Borrowings 177.87 4.44 3.37
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities -208.56 -5.23 0.52
Net cash from / (used in) investing activities -2.54 6.87 -2.33
Net cash flow from / (used in) financing activities 215.04 12.82 1.79
Net increase (decrease) in cash and cash equivalents 3.94 0.72 -0.02


Strengths

1. Its portfolio includes a customer base from three main telecommunications service providers.
2. Permanent presence in the telecoms industry with great development potential.
3. Telecom subscriber density (including wireless and wireline).
4. Increased business in several jurisdictions.
5. Experienced and committed management teams in all essential functions.

Risks

1. High competition from larger, established telecom companies.
2. Stringent regulations and potential changes impacting operations.
3. Revenue concentration risk from a few key clients.
4. Rapid technological advancements requiring continuous investment.
5. Potential delays, cost overruns, and technical issues in infrastructure projects.

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FAQs

SAR Televenture FPO opens from 22nd July to 24th July 2024.

The size of SAR Televenture FPO is ₹150 Cr.

The price band of SAR Televenture FPO is fixed at ₹200 to ₹210 per share. 

To apply for SAR Televenture FPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current FPO section    
●    Enter the number of lots and the price at which you wish to apply for the SAR Televenture FPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of SAR Televenture FPO is 500 shares and the investment required is ₹1,05,000.

The share allotment date of SAR Televenture FPO is 25th July 2024

The SAR Televenture FPO will be listed on 29th July 2024.

Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for SAR Televenture FPO.

SAR Televenture plans to utilize the raised capital from the FPO for:

1. Funding setting up of Fiber-to-the-Home network solutions for 3,00,000 Home Passes.
2. Funding setting up of an additional 1000 number of 4G/5G telecom towers.
3. Funding incremental working capital requirement of the Company.
4. General Corporate purposes.