SAR Televenture Limited FPO Message Board (Page 4)

SAR is sure shot allotment in HNI, a bit risky, listing profits are also possible

Me too hearing that #Sar Tele Rights - over subcribed (about 1.5X). lets wait for the final data end of today or tomorrow morning to confirm.

Thanks

But chittorgarh site shows 0.49x only RI subscribed.

Nse data shows only 0.49x subscribed

As per sources, promotor subsription was not included in NSE data, and the rights issue over subcribed. let see today if any news on this.

Thanks

​@MRavichandran u r right. Promoters are expected to infuse 200cr via rights issue. Promoters holding is about 66%. It means pubic's 34% got 0.49 times overall (i.e. 69 lakhs shares subscription for 51 lakh shares). It means promoters are expected to subscribe via Rights for about another 99 lakh shares more.
If promoters rights entitlements are included then it is oversubscribed.
Final promoter holding after fpo and rights will come down to about 53%.

Dear all,
Rights issue over subcribed by 1.21 times (promotor portion also over subcribed). Company issued press release to the exchange on this matter.

Thanks

This is main concern, same thing happened in omfurn fpo after ipo over lower circuit without volume and also the size of omfurn fpo was too small compared to SAR.

Experts please give your views.

It is a good company having reasonably good business model. If one is not able to exit on the listing day , seems no cause for worry!
What is the opinion of experts?
@Chhote Lal @MuStrFc @Basuvr

25cr IPO came at 55 in Nov23, i.e. just 8 months ago, now 150cr FPO at 210 + 300cr right issue at 200.

Selling in preopen will be challenging unless QIB shows interest.

Don't apply for listing gain, apply if you think to stay for long term, 6 months minimum.

Personally will apply in retail if QIB cross 80-100x

​@Basuvr  if some one wants it for long term than wouldn't it be more profitable if he waits and try to buy after listing?
Most probably because of selling pressure it will go below the FPO price, so that will be good opportunity to buy at lower price.

Maximum 25 to 30 times in hni. Due to 3 very good sme issues at that time. And also due to fear of lc on listing day due to ofs.

​@ajaygupta No OFS, its a fresh issue.

Coming to subs, the mainboard issue isn't worth that hype but the SMEs are, so people will be pouring in there if the budget does not shake the markets.

Anchor book has good names, 50% of the big issue size is with QIBs. People have FPO history of Idea and are ok with the minor gains if QIBs come in good.

Their rights issue shares will also come in just a day after FPO listing so that restricts some people.

Given the mix of things, @Palka Sir your estimates look sufficient enough but if QIBs follow Anchor route 100x or more is a possibility.

​@Palka Ji.. Very much convinced with your estimate of 80 times subscription.. Also agree with the 100 times over subscription estimate of @MuStrFc Ji..
In my view it should not cross 100 times..!!
Good chance of allotment alongwith 20 to 25℅ appriciation.. !!

​@Palka 80 time not possible