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What is the business of SAR Televenture?

SAR Televenture is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India. As on May 31, 2024, it has
installed an aggregate 413 number of towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands. The Company is ISO – 9001:2015, ISO 140001: 2015 and ISO 45001: 2018 certified Company. The Company is registered as Infrastructure Provider Category I (IP-I) with Department of Telecommunication (DOT) which permits it to lease out build sites i.e. GBT/RTT/Pole sites
and Out Door Small Cell (ODSC) and establish and maintain assets such as Dark Fibers, Right of Way, Duct Space and Tower for the purpose to grant on lease or rent or sale basis to the telecom service provider companies.

Support services

It also provides support services such as includes project management for laying of the duct and optic fibre cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs.
The past ten years of India’s telecommunications revolution have been driven by a robust towercos industry. From 2007 to 2020, the number of towers has more than doubled, growing at a Compound Annual Growth Rate (CAGR) of 5% to reach 25,42,213. Currently, 83% of India’s tower sites are owned by towercos, including those backed by Mobile Network Operators (MNOs). This is second only to China (100%) and surpasses that of the US and Canada (70.8%), Europe (63.8%), South East Asia (27.3%), and Oceania (12.8%).

On January 03, 2023, the Company has 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. Its subsidiary is currently engaged in the business of laying and installation of fiber cables and trading of network equipment.

It has entered in the business vertical of installing Fiber to the Home (FTTH), which is a broadband internet connection technology that uses optical fiber to deliver high speed broadband internet directly to households.

Get more information about the company @ https://www.sarteleventure.com/

Who are the Promoters of SAR Televenture IPO?

The promoter of the company is M.G Metalloy Private Limited.

What are the Objects of SAR Televenture IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

1.Funding setting up of Fiber-to-the-Home (FTTH) 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; and
4.General Corporate purposes.

SAR Televenture FPO Review

SAR Televenture is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India. As on May 31, 2024, it has
installed an aggregate 413 number of towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands. Its subsidiary is currently engaged in the business of laying and installation of fiber cables and trading of network equipment.
It has entered in the business vertical of installing Fiber to the Home (FTTH), which is a broadband internet connection technology that uses optical fiber to deliver high speed broadband internet directly to households.
Size:  Net size of the IPO is Rs. 150 crores, which is large, compared to other SME IPOs. The retail portion is Rs. 52.50 Crore and NII portion is Rs.22.50 Crore. 
Financial Snapshot: The company has displayed exceptionally sharp rise in its profitability. During the year 2021-22, it has net profit of Rs.3 lac on total revenue of Rs. 4.75 crore and then in the year 2023-24, it earned net profit of 15.66 crore on total revenue of Rs. 124.16 crore. Due to sharp increase in the profits, during 2023-24, the valuation seems to be reasonable. The share has 52 Weeks high of Rs. 332 and 52 weeks low of Rs. 32. The CMP is Rs. 237 which is marginally above the FPO offer price.
+ from fundamental angle: So-so
+ from grey market angle: Apply

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SAR Televenture FPO GMP today allotment, review?

SAR Televenture FPO GMP grey market premium

SAR Televenture IPO FAQs

What is SAR Televenture IPO?

This is a SME IPO of 7142857 equity shares of the face value of Rs. 2 aggregating up to Rs.150 Crores. The issue is priced at Rs.210 per share. The minimum order quantity is 500 Shares.

When will SAR Televenture FPO subscription open?

The IPO opens on July 22, 2024, and closes on July 24, 2024.

What is the lot size of SAR Televenture IPO?

The IPO lot size is 500 Shares, and the minimum amount required is Rs.105000

How to apply for SAR Televenture IPO?

You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is SAR Televenture FPO allotment?

The finalization of Basis of Allotment for this IPO will be done on 25 July, 2024, and the allotted shares will be credited to your demat account by July 6, 2024.

When is SAR Televenture IPO listing date?
This IPO listing date is July 29, 2024.