SAR Televenture FPO (Further Public Offer – SME) price band sets to Rs. 200 to Rs. 210 per equity shares with a face value of Rs. 2 each. The FPO is a book-built issue of Rs. 150.00 crores. The issue is entirely fresh issue of 71.43 lakh shares.
The Equity shares of the company are already listed on EMERGE Platform of National Stock Exchange of India Limited (“NSE EMERGE”). The bidding for Anchor Investor will be held on Friday, July 19, 2024.
SAR Televenture FPO subscription starts on Monday, July 22, 2024 and ends on Wednesday, July 24, 2024. The allotment for the SAR Televenture FPO is expected to be finalized on Thursday, July 25, 2024. SAR Televenture FPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Monday, July 29, 2024.
The minimum order quantity of the issue is 500 equity shares. The minimum amount of investment required for Retail is ₹1,05,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,10,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Pantomath Capital Advisors Private Limited is the book running manager of the FPO. ICICI Bank Limited is sponsor bank. Link Intime India Private Limited is registrar to SAR Televenture FPO.
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SAR Televenture Limited Financial Information
SAR Televenture Limited’s revenue increased by 281.87% and profit after tax rose by significantly 297.92% in the financial year 2024.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 71.80 | 11.86 | -0.08 |
| Revenue | 124.17 | 32.52 | 4.75 |
| PAT | 15.66 | 3.94 | 0.04 |
| PAT Margin | 12.61% | 12.10% | 0.78% |
| Net Cash Flow | -208.56 | -5.23 | 0.52 |
| Total Borrowings | 177.87 | 4.44 | 3.37 |
Risk Factors :
- The Company had negative cash flow during certain fiscal years, sustained negative cash flow could adversely impact its business, financial condition, and results of operations.
- The Company may require additional capital and financing in the future.
- The Company had less profit margin % than its peer.
- The Company had a total borrowings of Rs. 177.87 crores as of March 31, 2024, which is 11 times bigger compared to its PAT (profit after tax) of Rs. 15.66 crores.
Objects of the Offer :
The Company proposes to utilize the Net Proceeds towards funding of the following objects :
- Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes;
- Funding setting up of an additional 1000 number of 4G/5G telecom towers:
- Funding incremental working capital requirement of the Company; and
- General Corporate Purposes.
About SAR Televenture Limited – (https://www.sarteleventure.com/)
Founded in May, 2019, SAR Televenture Limited aims to provide the leasing of 4G/5G towers to Telecom Companies. The company has capability to construct 4G and 5G Towers which are onward leased to Telecom companies. SAR is also having International operations in Myanmar , ABSA Innovations, a closely held subsidy of SAR in Telecom. We bring in Professional Experiences to deliver the Solutions and Services with no Compromise on Quality and Deliverables.
SAR is already having installed 373 number of 4G/5G Towers which are leased onward to Airtel. Given the expected LOIs from telecom giants like AIRTEL, Vodafone, Jio etc. the company is planning to install another 6000+ number of 5G/4G Towers in next 2 years.
SAR, an ISO 9001-2015 and ISO 45001-2018 company, is an emerging organization, started by a group of hard-core Dynamic professionals. Since 2019, SAR Group has successfully grown into a strong company with last FY turnover of more than 25 crores (2022-23). SAR, is registered with DOT and having IP1 license with permission to lease out own build sites i.e. GBT/RTT/Pole sites and ODSC.