The SAR Televenture IPO started on November 1, 2023, and ended on November 3, 2023. Shares were allocated on November 6, 2023, and refund processes began on November 7, 2023. On November 7, 2023, the shares were credited to investors demat accounts. SAR Televenture was officially listed on the stock exchange on November 8, 2023.
During the IPO, SAR Televenture offered shares at a price range of ₹52 to ₹55 per share, and the lot size was 2000 shares. The total issue size was ₹24.75 crores, with ₹24.75 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
SAR Televenture Limited IPO Subscription Update Video
SAR Televenture IPO Subscription Status
The SAR Televenture IPO on November 1, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
SAR Televenture IPO Basic Details
| Company Name | SAR Televenture Limited |
| Domain of Company | Telecommunication Solutions Provider |
| 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 |
About SAR Televenture Limited
SAR Televenture Limited offers telecom solutions to network operators. 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 (IP-I) with the Department of Telecommunication (DOT). They lease sites like GBT/RTT/Pole sites and Outdoor Small Cell (ODSC). They also manage assets like Dark Fibres, Right of Way, Duct Space, and Towers to lease or sell to telecom service licensees.
They also provide project management for laying ducts and optic fiber cables, constructing telecom utilities, leasing dark fibers, building optical fiber networks, maintaining ducts and optic fibers, and offering turnkey services to various telecom operators and ISPs in Maharashtra.
SAR Televenture has leased out over 373 towers in West Bengal, Bihar, Uttar Pradesh, and Punjab.
On January 3, 2023, the company acquired SAR Televenture FZE in the United Arab Emirates (formerly Shoora International FZE) from Shoora Capital Limited through a Share Purchase agreement. The subsidiary is involved in trading fresh foodstuff, ferrous and non-ferrous metals, wireless communication devices and equipment, and electronic chips & semiconductors.
In fiscal 2023, the company earned total revenue of Rs. 3,246.17 Lacs and a PAT of Rs. 388.38 Lacs.
SAR Televenture IPO Should you subscribe?
SAR Televenture IPO More Details Click Here
SAR Televenture IPO FAQs
What is the start and end date of SAR Televenture IPO Subscription?
The SAR Televenture IPO started on November 1, 2023, and ended on November 3, 2023.
When does SAR Televenture IPO Subscription open?
The SAR Televenture IPO open on November 1, 2023.
When does SAR Televenture IPO Subscription close?
The SAR Televenture IPO Close on November 3, 2023.
What is the allotment date of SAR Televenture IPO?
The allotment date for SAR Televenture IPO is November 6, 2023.
When is the initial refund date of SAR Televenture IPO?
The initial Refund date for SAR Televenture IPO is November 7, 2023.
When were the shares credited to investors demat accounts for the SAR Televenture IPO?
The shares for the SAR Televenture IPO were credited to investors demat accounts on November 7, 2023.
When will SAR Televenture IPO be listed on the stock market?
SAR Televenture IPO stock market will be listed on November 8, 2023 at 10 am.
What was the price range of the SAR Televenture IPO shares?
The SAR Televenture IPO shares were offered at a price range of ₹52 to ₹55 per share.
What was the lot size for the SAR Televenture IPO shares?
The lot size for the SAR Televenture IPO shares was 2000 shares.
What was the total issue size of the SAR Televenture IPO?
The total issue size of the SAR Televenture IPO was ₹24.75 crores.
How were the shares allocated among different types of investors for the SAR Televenture IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the SAR Televenture IPO listed?
The SAR Televenture IPO was listed on the NSE SME.
What is the SAR Televenture IPO Subscription Status?
SAR Televenture IPO is subscribed Times.
