Sar Televenture Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹210
Per ShareLot Size
500 Shares
Minimum Investment
₹1,05,000
Issue Size
₹150 Cr
Face Value
₹2
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sar Televenture Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
66.27%
Issue Type
Book Building - SME
ISIN
INE0PUC01020
About the Company
Sar Televenture Limited was set up with an object to provide telecommunication solutions to telecom network operators for the evolving telecom industry and laying of fibre cables. The Company is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India. As on May 31, 2024, the company has installed an aggregate 413 number of towers on lease over various areas in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands. The Company is ISO - 9001:2015, ISO 140001:2015 and ISO 45001:2018 certified Company. The Company is registered as Infrastructure Provider Category-I (IP-I) with Department of Telecommunication (DOT) which permits us to lease out build sites i.e. GBT/RTT/Pole sites and Out Door Small Cell (ODSC) and establish and maintain assets such as Dark Fibers, Right of Way, Duct Space and Tower for the purpose to grant on lease or rent or sale basis to the telecom service provider companies.
Industry Overview
India has witnessed significant growth in the number of internet users over the years. With a large population and rising smartphone penetration, millions of new users are coming online every month, contributing to the expansion of internet penetration. Whereas affordable smartphones and low-cost data plans have made internet access more accessible to a broader segment of the population, including those in rural areas The Indian telecom sector is growing at a fast pace with over 1.2 billion subscriber base and is expected to grow to about 1.5 billion subscribers base by 2025. India is currently undergoing extensive network deployments, boasting one of the swiftest 5G rollouts worldwide. The Indian optic fibre sector is a critical part of India's telecommunication and data transmission infrastructure. With the increasing digitization across industries and the proliferation of high-speed internet, there is a growing demand for reliable and high-capacity fibre optic cables in the country. The optic fibre ensures seamless data transfer and supports advanced communication networks.
Company History
SAR Televenture Limited was originally incorporated as "SAR Televenture Private Limited" as a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated May 24, 2019 issued by the Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted to a public limited company, pursuant to a special resolution passed by its shareholders in the extra-ordinary general meeting held on March 21, 2023 and the name of the Company was changed to `SAR Televenture Limited' and a fresh certificate of incorporation consequent upon change of the name was issued by the Registrar of Companies, Delhi on April 13, 2023.
Products & Services
- Sar Televenture Limited is currently a telecommunication infrastructure provider, engaged primarily in the business of installing and commissioning telecom towers in India.
Growth Strategy
- Enter the Fiber to the Home (FTTH) business.
- Expanding our tower installation business by setting up of an additional 1000 number. of 4G/ 5G telecom towers.
- To promote the concept of tower sharing amongst different telecom service providers and leveraging the same for higher revenue and profitability.
- To promote the concept of optic fiber sharing amongst different telecom service providers in the FTTH segment with a focus on generating revenue and profitability.
- Expand to newer geographies with its tower set up and FTTH business segment.
- Business Operation Process for installation of towers.
- Business Operation Process for Setting up Fiber-to-the-Home (FTTH) network.
- Components.
Customer Base
Telecom Network Operators
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Composite issue of Sar Televenture Limited ("Company") comprising of further public offering of up to 71,42,500 equity shares of face value of Rs. 2 each ("fpo equity shares") for cash at a price of Rs. 210 per fpo equity share (including a premium of Rs. 208 per fpo equity share) ("fpo price") aggregating up to Rs. 149.99 crores ("Further Public Offer") of which 3,57,000 fpo equity shares of face value of Rs. 2 each for cash at a price of Rs. 210/- per fpo equity share, aggregating to Rs. 7.50 crores will be reserved for subscription by the market maker to the offer (the "Market maker reservation portion") and an offer of up to 1,50,00,000 fully paid-up equity shares of face value Rs. 2 each ("Rights Equity Shares") of the company for cash at a price of Rs. 200 per rights equity share (including a premium of Rs. 198 per rights equity share) aggregating up to Rs. 300.00 crores on a rights basis to the existing equity shareholders of the company ("Rights Issue") in the ratio of 1 rights equity shares for every 1 equity share held by the existing equity shareholders on the record date that is july 09, 2024. Together the further public offer and the rights issue is the "Offer". The further public offer less market maker reservation portion i.e. offer of 67,85,500 equity shares of face value of Rs. 2 each, at an issue price of Rs. 210 per equity share for cash, aggregating up to Rs. 142.50 crores is hereinafter referred to as the "Net Offer". The offer and net offer will constitute 19.23 % and 18.27 % respectively of the post- issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Clientele base of three telecom service providers as a part of its portfolio.
- Growing its constant presence in telecommunications sector with high growth potential.
- Growth of business across jurisdictions.
- Experienced and dedicated senior team across key functions.
- As there are very limited players in the telecom service provider industry, the company depends on a limited number of customers for tower installation business. Loss of any customer due to any adverse development or significant reduction in business from its major customer may adversely affect its business, financial condition, results of operations and prospects.
- The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult to evaluate its business and prospects. The company has incurred losses in the first two fiscal years since its inception. The company expect its operating expense to increase in the foreseeable future, and there is a possibility that its may not achieve profitability.
- The Company is heavily dependent on factors affecting the growth of the business of wireless telecommunications and FTTH service.
- The company derives majority portion of its revenue from operations from subsidiary. Loss of any of its subsidiary could adversely affect the company's business, results of operations and financial condition.
- Any inability to protect the Company's possession to the land on which the Company's towers are located may adversely affect its business and operating results.