Sar Televenture Ltd IPO
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Sar Televenture Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 45 L | TBA | ₹ 15 L | ₹ 92.19 L | NSE | ₹ 24.75 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 01 Nov, 23 | 03 Nov, 23 | 2000 | ₹ 1,04,000 | Book Building - SME | 08 Nov, 23 |
Sar Televenture Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Transmisson Line Towers |
| Sub Sector | Equipment |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.77x | 2120000 | 1632500 |
| NII | 2.33x | 650000 | 1515000 |
| Retail | 4.28x | 1500000 | 6423500 |
| Employee | 0x | 0 | 0 |
| Total | 2.13x | 4500000 | 9571000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sar Televenture Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2.07 | 0.44 | 0.07 |
| EBITDA | 2.96 | 0.85 | 0.17 |
| PAT | 0.79 | 0.04 | -0.03 |
| Total Assets | 10.35 | 1.27 | 0.55 |
| Share Capital | 0.65 | 0.04 | 0.04 |
| Total Borrowings | 8.42 | 1.11 | 0.12 |
| Operating Activities (Net Cash) | 1.68 | 0.45 | 0.07 |
| Investing Activities (Net Cash) | 0.83 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 8.42 | 1.11 | 0.12 |
| Net Cashflow | 0.58 | 0.00 | 0.03 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Sar Televenture Ltd
Our Company was originally incorporated as SAR Televenture Private Limited at Gurgaon, Haryana vide Certificate of Incorporation dated May 24, 2019 bearing Corporate Identification Number U45202HR2019PTC080514 issued by the Registrar of Companies, Central Registration Centre. Subsequently our Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on March 21, 2023 and consequently the name of our Company was changed from SAR Televenture Private Limited to SAR Televenture Limited vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into public limited company dated April 13, 2023 by the Registrar of Companies, Delhi.
The Telecommunications industry is divided into following subsectors: Infrastructure, Equipment, Mobile Virtual Network Operators (MILLIONVO), White Space Spectrum, 5G, Telephone service providers and Broadband. 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. India added over 500 Million new smartphone users over the last decade. We are expected to have 850 Million smartphone users by 2026, representing 55% of the total population.
Our Company was set up with an object to provide telecommunication solutions to Telecom Network Operators. The Company is engaged in installation and commissioning of 4G and 5G Towers, Optical Fibre Cable (OFC) Systems and dealing in network equipments. Our Company is ISO - 9001:2015 Certified Company. Our Company is registered as Infrastructure Provider Category-I (IP-I) with Department of Telecommunication (DOT) which permits us to lease out own build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establish and maintain assets such as Dark Fibres, Right of Way, Duct Space and Tower for the purpose to grant on lease or rent or sale basis to the licensees of Telecom Services. We also provided 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 across Maharashtra. Our Company has already installed and commissioned 125, 108 and 140 number of towers in the year 2020-21, 2021-22 and 2022-23 respectively.
Peer Comparison:
- Suyog Telematics Ltd
- Kore Digital Ltd
- Suyog Telematics Ltd
- Kore Digital Ltd
Sar Televenture Ltd IPO Key Points
Strengths
- Growing presence in telecommunications Circles with high growth potential.
- Experienced and dedicated senior team across key functions.
- Efficient Business Model.
- Established relationship with our client.
- Clientele base of three telecom service providers as a part of its portfolio.
Risk
- The company depends on a limited number of customers for a significant portion of its revenue from operations. The loss of any of its major customer due to any adverse development or significant reduction in business from the company major customer may adversely affect its business, financial condition, results of operations and future prospects.
- The company has a limited operating history and may be subject to risks inherent in early stage companies, which may make it difficult to evaluate its business and prospects.
- The company has incurred significant losses since inception except last two fiscal. Its expect the company operating expenses to increase significantly in the foreseeable future, and its may not achieve profitability.
Strategy
- Promote tower sharing.
- Focus on increasing revenue and capital productivity across existing tower portfolios.
- Actively seek opportunities to increase telecom operators in our portfolio.
- Capitalise on the rollout of new technologies and data services.
- Enter the Fiber to the Home (FTTH) business.
- Growing presence in telecommunications Circles with high growth potential.
- Experienced and dedicated senior team across key functions.
- Efficient Business Model.
- Established relationship with our client.
- Clientele base of three telecom service providers as a part of its portfolio.
How To Apply for Sar Televenture Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.