SAR Televenture Limited

Company Profile
Company Name SAR Televenture Limited
Open Date 01-11-2023
Close Date 03-11-2023
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹52 to ₹55 per share
Issue Size 45,00,000 shares
Application Amount ₹ 1,10,000
Recommendation Apply
SAR Televenture Limited was incorporated in the year 2019 and has its registered office in Gurugram, Haryana. The 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. Company also provids 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. As on September 30, 2023, the company had 38 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-23 June-23
Total Assets 410.83 2,420.77 4,324.77
Net Assets -7.73 1,178.71 3,324.40
Total Borrowings 337.08 839.01 752.18
Total Revenue 475.35 3,251.63 1,735.35
Profit After Tax 3.71 388.36 192.37

Tentative Timeline

Opening Date 01-11-2023
Closing Date 03-11-2023
Basis of Allotment 06-11-2023
Initiation of Refunds 07-11-2023
Credit of Shares to Demat 07-11-2023
Listing Date 08-11-2023

Objects of the Issue

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 Purpose.

Contact Information

Registered Office SAR Televenture Limited - P.No – 346A, 2nd Floor Udyog Vihar, Phase-4, Gurugram - 122016
Phone 0124 - 45133283

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022

IPO Reservation

QIBs Not more than 50% of the Issue
NIBs Not less than 15% of the Issue
RIB Not less than 35% of the Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 87.80%
Share Holding Post Issue (Promoters) 61.46%

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