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SAR Televenture Limited Rights Issue (SAR Televenture Rights Issue 2024) Detail

July 15, 2024 - July 22, 2024
SAR Televenture Limited Logo

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.

SAR Televenture Rights Issue 2024 Detail

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

SAR Televenture Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 8, 2024
Record Date July 9, 2024
Credit of Rights Entitlements
Bid/Offer Opens On July 15, 2024
Renunciation of Rights Entitlements
Bid/Offer Closes On July 22, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Sar Televenture Limited Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets266.4224.224.11
Revenue124.1732.524.75
Profit After Tax15.663.940.04
Net Worth71.8011.86-0.08
Reserves and Surplus68.8011.20-0.12
Total Borrowing177.874.443.37
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes;
  2. Funding setting up of an additional 1000 number of 4G/5G telecom towers;
  3. Funding incremental working capital requirement of the company; and
  4. General Corporate purposes.

SAR Televenture Rights Issue 2024 Documents

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Company Contact Information

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/

SAR Televenture Rights Issue 2024 Registrar

  1. 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

SAR Televenture Rights Issue 2024 Lead Manager(s)

Find SAR Televenture Rights Issue 2024 Latest Update

SAR Televenture Rights Issue 2024 FAQs

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
Last Date for renunciation of Rights Entitlements
Issue Opening DateJuly 15, 2024
Issue Closing DateJuly 22, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for SAR Televenture Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the SAR Televenture Rights Issue 2024 available on the list.
  4. Click the Apply button next to the SAR Televenture Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select SAR Televenture Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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