The SAR Televenture IPO commenced on November 1, 2023, and concluded on November 3, 2023. The allotment of shares took place on November 6, 2023, and the initiation of refunds began on November 7, 2023. The shares were credited to the demat accounts of investors on November 7, 2023. Finally, the listing of SAR Televenture on the stock exchange occurred on November 8, 2023.
The SAR Televenture IPO was priced at ₹52 to ₹55 per share, with a lot size of 2000 shares. The total issue size was ₹24.75 crores, comprising a fresh issue of ₹24.75 crores. 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 IPO Basic Details
|Company Name||SAR Televenture Limited|
|Domain of Company||Telecommunication Solutions Provider|
|SAR Televenture IPO GMP Today||₹21|
|SAR Televenture IPO Listing Gain||38.18%|
|SAR Televenture IPO Open Date||November 1, 2023|
|SAR Televenture IPO Close Date||November 3, 2023|
|SAR Televenture IPO Allotment Date||November 6, 2023|
|SAR Televenture IPO Listing Date||November 8, 2023|
|Face Value||₹10 per share|
|Price||₹52 to ₹55 per share|
|Lot Size||2000 Shares|
|Issue Size||4,500,000 shares of ₹2|
(aggregating up to ₹24.75 Cr)
|Fresh Issue||4,500,000 shares of ₹2|
(aggregating up to ₹24.75 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||M.G. Metalloy Private Limited|
SAR Televenture IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|31 October 2023||₹21||38.18%||–||–|
SAR Televenture IPO Details:
SAR Televenture Limited provides telecom solutions to telecom companies. They set up 4G and 5G towers, optical fiber systems, and deal with network equipment.
SAR Televenture is registered as an Infrastructure Provider Category I with the Department of Telecommunication. They lease out sites and assets like Dark Fibres, Right of Way, Duct Space, and Towers to telecom service providers.
They also offer project management for laying cables, building telecom infrastructure, and maintenance services to telecom operators and ISPs in Maharashtra.
SAR Televenture has leased out 373 towers in West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, the company acquired SAR Televenture FZE in the UAE, which is involved in trading various products.
In fiscal 2023, the company earned a total revenue of Rs. 3,246.17 Lacs and a profit after tax of Rs. 388.38 Lacs.
SAR Televenture IPO More Details Click Here
SAR Televenture IPO FAQs
When is SAR Televenture IPO open?
SAR Televenture IPO will open on 1 November 2023.
When is SAR Televenture IPO Close?
SAR Televenture IPO will be closed on 3 November 2023.
What is SAR Televenture IPO GMP Today?
The SAR Televenture IPO GMP aka Grey Market Premium is ₹21.
What is SAR Televenture IPO Kostak Rates Today?
The SAR Televenture IPO Kostak Rate is ₹000.
What is SAR Televenture IPO Subject to Sauda Price Today?
The SAR Televenture IPO subject to sauda rates is ₹000.
SAR Televenture IPO Expected Returns?
The SAR Televenture expected return is 38.18%.
How much will be the listing gain in SAR Televenture IPO?
SAR Televenture IPO will get listing gain of 38.18%. (Approx.)