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Open
22 Jul 2024
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Close
24 Jul 2024
3
Allotment
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Listing
Mon, Jul 29, 2024
Price Band
₹200 to ₹210
Issue Size
71,42,500 shares (agg. up to ₹150 Cr)
Lot Size
500 Shares
Listing Date
Mon, Jul 29, 2024
Latest GMP
₹8
Est. Gain
3.81%
✦ AI Insight
GMP Trend
29-07-2024₹8Est. ₹218+3.81%
28-07-2024₹8Est. ₹218+3.81%
27-07-2024₹8Est. ₹218+3.81%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.52x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 266.42 | 24.22 | 4.11 |
| Total Income | 124.17 | 32.52 | 4.75 |
| Profit After Tax | 15.66 | 3.94 | 0.04 |
| NET Worth | 71.80 | 11.86 | -0.08 |
| Reserves and Surplus | 68.80 | 11.20 | -0.12 |
| Total Borrowing | 177.87 | 4.44 | 3.37 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SAR Televenture Ltd. | SME | ₹24.75 Cr | ₹55 | 0.6 | ₹110.25 | +100.45% | ₹125.45 (+3.29%) |
| Bondada Engineering Ltd. | SME | ₹42.72 Cr | ₹75 | 6.56 | ₹149.62 | +99.49% | ₹292.05 (-1.37%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Installation of 5G/4G towers (hereinafter referred to as the “Project”) | 12.39 |
| 2 | Full or part repayment and /or prepayment of certain outstanding secured borrowings (including foreclosure charges, if any) availed by the Company; | 0.79 |
| 3 | Funding the working capital requirements of the Company; and | 4.50 |
| 4 | General Corporate Purposes (GCP) | 5.30 |
About SAR Televenture FPO
Incorporated in May 2019, SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment. SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services. The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintaining ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra. As of May 31, 2024, the company has installed a total of 413 leased towers across various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab
Contact Details
SAR Televenture Ltd. AddressP.No 346A, 2 nd FloorUdyog ViharPhase-4Gurugram, Haryana, 122016+91 8587050050info@sarteleventure.comVisit Website