IPO : SAR Televenture Limited
SAR Televenture Limited IPO
SAR Televenture Limited was incorporated with an aim 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.”
| SYMBOL | SARTELE |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | November 1, 2023 (Wednesday) |
| ISSUE CLOSES ON | November 3, 2023 (Friday) |
| ISSUE PRICE | Rs.52 Rs.55 per share |
| ISSUE SIZE | Up to Rs.24.75 Crores |
| FACE VALUE | Rs.2 per share |
SAR Televenture IPO is a book built issue of Rs 24.75 crores. The issue is entirely a fresh issue of 45 lakh shares.
SAR Televenture IPO opens for subscription on November 1, 2023 and closes on November 3, 2023. The allotment for the SAR Televenture IPO is expected to be finalized on Monday, November 6, 2023. SAR Televenture IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.
SAR Televenture IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.1,10,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.1,10,000 |
| LISTING DATE | November 8,2023 (Wednesday) |
| LISTING AT | NSE-SME |
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the SAR Televenture IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for SAR Televenture IPO is R.K.Stock Holding.
Refer to SAR Televenture IPO RHP for detailed information.
Objects of the Issue (SAR Televenture IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Purposes (GCP).
- SMART IPO using UPI, you can now apply online
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