SAR Televenture (FPO) IPO
SAR Televenture Limited
₹1,00,000 /500 sharesMinimum Investment
SAR Televenture (FPO) IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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22 Jul ‘24 - 24 Jul ‘24 | ₹1,00,000 | 500 | ₹200 - ₹210 |
Issue Size | IPO Doc |
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150.00Cr | |
Established to deliver telecommunication solutions, specifically for telecom network operators, including laying fibre cables, SAR Televenture now serves as a telecommunications infrastructure provider. It is involved in the installation and commissioning of telecom towers across India. The company is recognised as an Infrastructure Provider Category I (IP-I) by the Department of Telecommunications (DoT). This allows SAR Televenture Limited to lease out various build sites—such as ground-based towers (GBT), rooftop towers (RTT), pole sites, and outdoor small cells (ODSC)—and manage assets like dark fibre, right of way, duct space, and towers. These assets are available for lease, rent, or sale to telecom service providers.
The company also provides support services. These include project management for duct and optical fibre cable laying, construction of basic transmission and telecom utilities, dark fibre leasing, and optical fibre network construction. The company also handles the maintenance of ducts and optical fibres and provides comprehensive turnkey services for optical fibre projects to telecom network operators, broadband service operators, and internet service providers.;
Managing director
Mr. Rahul Sahdev
Parent organisation
SAR Televenture Limited
Strengths & Financials of SAR Televenture (FPO)
SAR Televenture Limited holds ISO 9001:2015 certification for quality management systems, ISO 45001:2018 for occupational health and safety management, and ISO 9001:2015 for environment management systems.
The company’s revenue from operations has grown consistently from Rs 4.73 crore in FY22 to Rs 32.46 crore in FY23 and Rs 124.12 crore in FY24. Its profit after tax (PAT) has also increased over the past three years, from Rs 0.04 crore in FY22 to Rs 3.93 crore in FY23 and Rs 15.66 crore in FY24.
SAR Televenture Limited has infrastructure across seven states and two Union Territories. As of May 31, 2024, the company manages 413 leased towers distributed across West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman & Nicobar Islands.
SAR Televenture Limited, primarily engaged in the tower installation sector, relies heavily on a small group of clients. Any loss or decrease in business from these clients could significantly impact the company’s operational and financial health.
On January 3, 2023, the company entered into a share purchase agreement to acquire 100% of the equity share capital of SAR Televentures F.Z.E, United Arab Emirates. This subsidiary is currently engaged in laying and installing fibre cables and trading in network equipment. For FY24, Rs 117.71 crore, or 94.84% of the company’s revenue from operations, came from this subsidiary. Any disruption of business at this subsidiary could negatively impact the company.
As of June 30, 2024, the company has availed of an unsecured loan worth Rs 198.85 crore from its corporate promoter. A demand for repayment of this loan could strain the company's liquidity and adversely affect its financial position.
The company has had negative cash flows in certain years in the past. Any negative cash flow in the future could adversely impact its business.
The company has inked contracts with telecom service providers for its tower installation and proposed fibre-to-the-home (FTTH) business. Termination of any of these contracts could adversely affect the company’s business.
SAR Televenture (FPO) Financials
*All values are in Rs. Cr
Application Details of SAR Televenture (FPO) IPO
Apply as | Price band | Apply upto |
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Regular | ₹200 - 210 | ₹2 - 5 Lakh |
High Networth Individual | ₹200 - 210 | ₹2 - 5 Lakh |
For SAR Televenture (FPO) IPO, eligible investors can apply as Regular.