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

  • 22 Jul 2024 to 24 Jul 2024
  • Issue Type: Book Building
  • DRHP
₹ 200 - ₹ 210

Price Band/ Share

₹ 150.00 Cr

Issue Size

₹ 1,05,000

Min Investment

500

Lot size

Time Line

  • 22
    Jul 2024
    Open
  • 24
    Jul 2024
    Close
  • 25
    Jul 2024
    Finalisation of Basis of Allotment
  • 25
    Jul 2024
    Initiation of Refunds
  • 26
    Jul 2024
    Transfer of Shares to Demat Account
  • 29
    Jul 2024
    Listing Date

Objects of the Offer

  • Promote tower sharing.

  • Enter the Fiber to the Home (FTTH) business.

  • Focus on increasing revenue and capital productivity across existing tower portfolios.

  • Expanding our tower installation business by setting up of an additional 1000 number. of 4G/ 5G telecom towers.

  • Actively seek opportunities to increase telecom operators in our portfolio.

Products & Services

  • Sar Televenture Limited is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India.

Strengths

  • Growing presence in telecommunications Circles with high growth potential.

  • Clientele base of three telecom service providers as a part of its portfolio.

  • Experienced and dedicated senior team across key functions.

  • Growing its constant presence in telecommunications sector with high growth potential.

  • Efficient Business Model.

Risks

  • 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.

  • As there are very limited players in the telecom service provider industry, the company depends on a limited number of customers for tower installation business. Loss of any 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 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 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 losses in the first two fiscal years since its inception. The company expect its operating expense to increase in the foreseeable future, and there is a possibility that its may not achieve profitability.

  • The Company is heavily dependent on factors affecting the growth of the business of wireless telecommunications and FTTH service.

Company Promoters

Promoters Holding

Issue For IPO
66.27%
Pre Holding

66.27%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2024 Mar-2023 3-Yr trend
Revenue 32.46 (586.30%) 124.12 (282.40%) 32.95 (-)
Gross Profit 32.46 (586.30%) 124.12 (282.40%) 32.95 (-)
Net Income 32.46 (586.30%) 124.12 (282.40%) 32.95 (-)
Assets 32.46 (586.30%) 124.12 (282.40%) 32.95 (-)
Liabilities 32.46 (586.30%) 124.12 (282.40%) 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 3.94 20.25 8.40 32.95 60.28 181.59 3.95 0.22
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

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

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

Composite issue of Sar Televenture Limited ("Company") comprising of further public offering of up to [*] equity shares of face value of Rs. 2 each ("fpo equity shares") for cash at a price* of Rs. [*] per fpo equity share (including a premium of Rs. [*] per fpo equity share) ("fpo price") aggregating up to Rs. 150.00 crores ("Further Public Offer") of which [*] fpo equity shares of face value of Rs. 2 each for cash at a price of Rs. [*]/- per fpo equity share, aggregating to Rs. [*] crores... More

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