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SAR Televenture Limited was founded in 2019 and provides telecom solutions for the evolving telecom industry and fiber optic cable laying for telecom network operators.
The company is primarily engaged in the installation and commissioning of telecom towers in India. As of May 31, 2024, the company has installed a total of 413 towers in various areas of West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, Andaman and Nicobar Islands on lease basis.
The company is registered with the Department of Telecommunication (DOT) as a Category I Infrastructure Provider (IP-I), which allows it to lease out construction sites, i.e. GBT/RTT/mast sites and Out Door Small Cell (ODSC), as well as construct and maintain assets such as dark fiber optic cables, rights of way, ducts and towers for leasing, renting or selling to telecom service providers.
In addition, the company provides support services such as project management for duct and fiber installation, construction of basic transmission and telecommunication facilities, leasing of dark fiber, construction of fiber networks, maintenance of duct and fiber, and turnkey fiber projects for various telecom network operators, broadband service providers and ISPs.
As of May 31, 2024, the company had over 38 employees.
Issue Open | July 15, 2024 - July 22, 2024 |
Security Name | SAR Televenture Limited |
Issue Size (Shares) | 15,000,000 |
Issue Size (Amount) | ₹300.00 Crores |
Issue Price | ₹200 per share |
Face Value | ₹2 per share |
Listing At | NSE |
Terms of Payment | The full amount of Rs. 200/- per equity shares is payable on application. |
Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | July 8, 2024 |
Record Date | July 9, 2024 |
Credit of Rights Entitlements | July 10, 2024 |
Bid/Offer Opens On | July 15, 2024 |
Renunciation of Rights Entitlements | July 16, 2024 |
Bid/Offer Closes On | July 22, 2024 |
Deemed Date of Allotment | July 25, 2024 |
Credit Date | July 29, 2024 |
Listing Date | July 30, 2024 |
Sar Televenture Limited's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 266.42 | 24.22 | 4.11 |
Revenue | 124.17 | 32.52 | 4.75 |
Profit After Tax | 15.66 | 3.94 | 0.04 |
Net Worth | 71.80 | 11.86 | -0.08 |
Reserves and Surplus | 68.80 | 11.20 | -0.12 |
Total Borrowing | 177.87 | 4.44 | 3.37 |
Amount in ₹ Crore |
The company proposes to utilize the Net Proceeds towards funding the following objects:
SAR Televenture Rights Issue 2024 got subscribed by 0.46 times by the end of the bidding period with total bid quantity received by NSE of 6,934,000 shares.
SAR Televenture Limited
P. No – 346A, 2nd Floor,
Udyog Vihar, Phase-4,
Gurugram-122016
Phone: +91 8587050050
Email: info@sarteleventure.com
Website: http://www.sarteleventure.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sarteleventure.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The SAR Televenture Rights Issue 2024 opens on July 15, 2024, and closes on July 22, 2024.
SAR Televenture Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | July 10, 2024 |
Last Date for renunciation of Rights Entitlements | July 16, 2024 |
Issue Opening Date | July 15, 2024 |
Issue Closing Date | July 22, 2024 |
Date of Allotment (on or about) | July 25, 2024 |
Date of Credit (on or about) | July 29, 2024 |
Date of Listing (on or about) | July 30, 2024 |
SAR Televenture Rights Issue 2024 price is set at ₹200 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (July 9, 2024).
The record date for the SAR Televenture Rights Issue 2024 is July 9, 2024.
The issue size of SAR Televenture Rights Issue 2024 is of 15,000,000 equity shares at ₹200 per share aggregating upto ₹300.00 Crores.
The Letter of Offer for SAR Televenture Rights Issue 2024 can be download here.
You can apply for SAR Televenture Rights Issue 2024 in two ways:
Steps to apply for SAR Televenture Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for SAR Televenture Rights Issue 2024 using Registrar's website (R-WAP)
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