Sar Televenture Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sar Televenture

  • 01 Nov 2023 to 03 Nov 2023
  • Issue Type: Book Building
  • DRHP
₹ 52 - ₹ 55

Price Band/ Share

₹ 200.00 Cr

Issue Size

₹ 1,10,000

Min Investment

2,000

Lot size

Time Line

  • 01
    Nov 2023
    Open
  • 03
    Nov 2023
    Close
  • 06
    Nov 2023
    Finalisation of Basis of Allotment
  • 07
    Nov 2023
    Initiation of Refunds
  • 07
    Nov 2023
    Transfer of Shares to Demat Account

Objects of the Offer

  • 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.

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.

Risks

  • The company depends on a limited number of customers for a significant portion of its revenue from operations. The loss of any of the company major customer due to any adverse development or significant reduction in business from its 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.

  • The company is heavily dependent on factors affecting the wireless telecommunications industry in India, in particular the growth of their key customers.

  • A decrease in demand for tower infrastructure in India could materially and adversely affect its operating results.

Company Promoters

Promoters Holding

Issue For IPO
87.80%
Pre Holding

87.80%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 4.73 (419.80%) 32.46 (586.30%) 32.95 (-)
Gross Profit 4.73 (419.80%) 32.46 (586.30%) 32.95 (-)
Net Income 4.73 (419.80%) 32.46 (586.30%) 32.95 (-)
Assets 4.73 (419.80%) 32.46 (586.30%) 32.95 (-)
Liabilities 4.73 (419.80%) 32.46 (586.30%) 32.95 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sar Televenture Ltd 32.46 3.88 20.18 8.40 32.95 59.48 180.53 3.90 0.42
Sar Televenture Ltd 32.46 3.88 20.18 8.40 33.20 59.48 180.53 3.90 0.42
Suyog Telematics Ltd 143.64 46.31 479.78 479.78 19.81 44.17 222.96 9.65 0.41
Suyog Telematics Ltd 143.64 46.31 479.78 479.78 19.81 44.17 222.96 9.65 0.41
Kore Digital Ltd 21.27 3.22 35.98 35.98 56.10 12.78 22.79 8.95 0.36
Kore Digital Ltd 21.27 3.22 35.98 35.98 56.10 12.78 22.79 8.95 0.36

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

P.No 346 A 2nd Flr Udyog Vihar,
Phase 4,
Gurugram - 122016
Phone : 0124 45133283 Email : info@sarteleventure.com www.sarteleventure.com

Offer Related Information

Initial public issue consisting of fresh issue of 45,00,000* equity shares of face value of Rs. 02 each ("Equity Shares") of Sar Televenture Limited ("Company" or "Issuer") for cash at a price of Rs. 55 per equity share (including a share premium of Rs. 53 per equity share) aggregating upto Rs. 24.75 crores (the "Issue"). The issue includes a reservation of upto 2,30,000* equity shares of face value Rs. 02 each at a price of Rs. 55 per equity share aggregating Rs. 1.27 crores for subscription... More

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