The SAR Televenture FPO commenced on July 22, 2024, and concluded on July 24, 2024. The allotment of shares took place on July 25, 2024, and the initiation of refunds began on July 26, 2024. The shares were credited to the demat accounts of investors on July 26, 2024. Finally, the listing of SAR Televenture on the stock exchange occurred on July 29, 2024.
The SAR Televenture FPO was priced at ₹200 to ₹210 per share, with a lot size of 500 shares. The total size of SAR Televenture FPO is ₹150.00 crores out of which ₹150.00 crores is fresh issue. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
SAR Televenture FPO Basic Details
| Company Name | SAR Televenture Limited |
| SAR Televenture FPO GMP Today | ₹27 |
| SAR Televenture FPO Listing Gain | 12.86% |
| SAR Televenture FPO Open Date | July 22, 2024 |
| SAR Televenture FPO Close Date | July 24, 2024 |
| SAR Televenture FPO Allotment Date | July 25, 2024 |
| SAR Televenture FPO Listing Date | July 29, 2024 |
| Face Value | ₹2 per share |
| Price | ₹200 to ₹210 per share |
| Lot Size | 500 Shares |
| Issue Size | 7,142,857 shares (aggregating up to ₹150.00 Cr) |
| Fresh Issue | 7,142,857 shares (aggregating up to ₹150.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
SAR Televenture FPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹27 | 12.86% | – | – |
| 19 July 2024 | ₹27 | 12.86% | – | – |
SAR Televenture FPO Details:
Founded in May 2019, SAR Televenture Limited specializes in providing telecommunications solutions for network operators. The company focuses on installing and commissioning 4G and 5G towers, Optical Fibre Cable (OFC) systems, and network equipment.
Registered as an Infrastructure Provider
SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). They lease out built sites such as GBT/RTT/Pole sites and Out-Door Small Cells (ODSC). Additionally, they establish and maintain assets like Dark Fibers, Right of Way, Duct Space, and Towers, which they lease, rent, or sell to telecom service licensees.
Project Management Services
The company provides project management services, including laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, building optical fiber networks, maintaining ducts and optic fibers, and offering optical fiber project turnkey services. Their clients include Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.
Expanding Network
As of May 31, 2024, SAR Televenture has installed 413 leased towers in various regions, including West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman & Nicobar Islands.
Certifications
SAR Televenture is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, ensuring high standards in quality, environmental management, and occupational health and safety.
International Expansion
On January 3, 2023, the company acquired 100% equity of SAR Televentures F.Z.E in the United Arab Emirates (formerly Shoora International – F.Z.E) from Shoora Capital Limited. This subsidiary is involved in laying and installing fiber cables and trading network equipment.
Employee Strength
As of May 31, 2024, SAR Televenture Limited employs 38 people across various departments.
SAR Televenture FPO More Details Click Here
SAR Televenture FPO FAQs
When is SAR Televenture FPO open?
SAR Televenture FPO will open on 22 July 2024.
When is SAR Televenture FPO Close?
SAR Televenture FPO will be closed on 24 July 2024.
What is SAR Televenture FPO GMP Today?
The SAR Televenture FPO GMP aka Grey Market Premium is ₹27.
What is SAR Televenture FPO Kostak Rates Today?
The SAR Televenture FPO Kostak Rate is ₹000.
What is SAR Televenture FPO Subject to Sauda Price Today?
The SAR Televenture FPO subject to sauda rates is ₹000.
SAR Televenture FPO Expected Returns?
The SAR Televenture expected return is 12.86%.
How much will be the listing gain in SAR Televenture FPO?
SAR Televenture FPO will get listing gain of 12.86%. (Approx.)
