SAR Televenture IPO GMP, date, detail analysis 2023

SAR Televenture IPO description – SAR Televenture India Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 1, 2023

 

SAR Televenture IPO – Details

 

IPO Opening Date 01 November 2023
IPO Closing Date 03 November 2023
Issue Type Book Built Issue IPO
Issue Size 45,00,000 Shares Worth ₹24.75 Crore

Fresh Issue: 45,00,000 Shares Worth ₹24.75 Crore

Face Value ₹2 per equity share
IPO Price ₹52 – ₹55
Market Lot 2000 Shares
Min Order 2000 Shares (1 Lot)
Listing At NSE SME
Register Skyline Financial Services Private Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

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SAR Televenture IPO – Date Schedule

 

IPO Opening Date 1 November 2023
IPO Closing Date 3 November 2023
Finalization of Basis of Allotment 06 November 2023
Initiation of refunds 07 November 2023
Transfer of shares to demat accounts 07 November 2023
IPO Listing Date 08 November 2023

 

SAR Televenture IPO- about company 

 

SAR Televenture Limited is a provider of telecommunication solutions to Telecom Network Operators. The Company is engaged in the installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems, and dealing in network equipment.

The Company is ISO – 9001:2015 certified Company. SAR Televenture is registered as Infrastructure Provider Category I (IP-I) with the Department of Telecommunication (DOT). The company leases out build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establishes and maintains assets such as Dark Fibres, Right of Way, Duct Space, and Tower for the purpose of granting on lease or rent or sale basis to the licensees of Telecom Services.

SAR Televenture has provided over 373 towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, and Punjab.

On January 3, 2023, the company acquired 100% of the issued and paid-up equity share capital of SAR Televenture FZE, United Arab Emirates (Formerly known as Shoora International FZE) from Shoora Capital Limited via a Share Purchase agreement. The subsidiary is engaged in the activities of Wholesale Fresh Foodstuff Trading -Import & Export; Ferrous and Non Ferrous Metal Trading Import & Export; Wireless Communication Devices and Equipment Trading; and Electronic Chips & Semiconductors trading Import/Export.

SAR Televenture IPO GMP

SAR Televenture IPO- industry overview 

 

The Telecom industry in India is the second largest in the world with a subscriber base of 1.17 bn as of September 2022 (wireless + wireline subscribers). India has an overall tele-density of 84.86 %, of which, the tele-density of the rural market, which is largely untapped, stands at 58.01 % while the tele-density of the urban market is 134.62%.

By the end of January 2023, the total number of internet subscribers increased to 839.18 Million (narrowband + broadband subscribers), out of which 44.25% of the internet subscribers belonged to the rural areas. The average monthly data consumption per wireless data subscriber has also increased by 22,605% to 16.40 GB in June 2022 from 61.66 MB in March 2014.

As per GSMA, India is on its way to becoming the second-largest smartphone market globally by 2025 with around 1 Billion installed devices and is expected to have 920 Million unique mobile subscribers by 2025 which will include 88 Million 5G connections. It is also estimated that 5G technology will contribute approximately $450 Billion to the Indian Economy in the period of 2023-2040.

 

SAR Televenture Financial Performance

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 90.71 472.89 3,246.17 1,731.87
Expenses 93.34 472.62 2,824.31 1,535.81
Net income (2.71) 3.71 388.36 192.38

Figures in INR Lakhs

 

SAR Televenture Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 18.22
PE ratio 2.85 – 3.02
RONW (%) (23.44) (47.96) 32.95
NAV (1.14) (0.74) 7.22
EBITDA (%) 11.91 13.30 17.57
Debt/Equity (11.56) (43.49) 0.65

 

SAR Televenture IPO Prospectus

 

 

SAR Televenture IPO -Competitive Strengths

 

  • Growing presence in telecommunications Circles with high growth potential.
  • Experienced and dedicated senior team across key functions.
  • Efficient Business Model.
  • Established relationship with their client.

 

Object Of The Issue

 

  • Installation of 5G/4G towers.
  • Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the company.
  • Funding the working capital requirements of the company.
  • General Corporate Purpose.

 

SAR Televenture IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
October 2023 15 22,500

 

SAR Televenture IPO Allotment Status

 

SAR Televenture IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

SAR Televenture IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Minimum) 1 2000 1,10,000
Retail (Maximum) 1 2000 1,10,000
HNI (Minimum) 2 4000 2,20,000
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