SAR Televenture Limited FPO -SME | Globe Capital Market LTD.
SAR Televenture Limited FPO -SME
Closed
Price Band
₹200 to ₹210 per share
IPO Issue Period
July 22, 2024 to July 24, 2024
Issue Size
₹150.00 Cr
Face value
₹2 per share
Fresh issue
₹150.00 Cr
Minimum Shares for Retail
500 Shares
Listing on
NSE SME
Issue Type
Book Built Issue FPO
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Monday, July 29, 2024
QIB
50%
NII
15%
Retail
35%

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.

For year/ period ended (Rs. in lacs.)

31-Mar-24 31-Mar-23 31-Mar-22
Total Revenue 12,416.97 3,251.63 475.35
Profit After Tax 1,566.17 393.59 3.71
EPS 14.20 181.28 1.78
OPM (%) 14.19% 17.57% 13.29%
PATM (%) 12.61% 12.10% 0.78%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • Clientele base of three telecom service providers as a part of its portfolio
  • Growing its constant presence in telecommunications sector with high growth potential;
  • Growth of business across jurisdictions;
  • Experienced and dedicated senior team across key functions.

The company proposes to utilize the Net Proceeds towards funding the following objects:

  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.

The company is engaged in telecommunication solution related services and has posted growth in its top and bottom lines for the reported periods. With the planned additional capacities going operational in coming years, the company is poised to scale up its performance.

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