SAR Televenture Limited Right Issue

₹300.00 Cr NSE 15 Jul 2024 – 22 Jul 2024

Closed Ratio: 1 : 1 NSE
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Issue Price
₹200.00
Face Value
₹2.00
Issue Size (Shares)
15,000,000
Issue Size (₹ Cr.)
₹300.00
📅 Right Issue Timetable
Last Date to Buy SharesMon, Jul 8, 2024
Record DateTue, Jul 9, 2024
Credit of Rights EntitlementsWed, Jul 10, 2024
Bid/Offer Opens OnMon, Jul 15, 2024
Issue Open DateMon, Jul 15, 2024
Renunciation Last DateTue, Jul 16, 2024
Bid/Offer Closes OnMon, Jul 22, 2024
Issue Close DateMon, Jul 22, 2024
Deemed Date of AllotmentThu, Jul 25, 2024
Credit DateMon, Jul 29, 2024
Listing DateTue, Jul 30, 2024
📋 Right Issue Details
Issue Size (Shares)15,000,000
Issue Size (Amount)₹300.00 Cr.
Issue Price₹200.00 per share
Face Value₹2.00 per share
Entitlement Ratio1 : 1
Listing AtNSE
Terms of PaymentThe full amount of Rs. 200/- per equity shares is payable on application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income124.1732.524.75
EBITDA
Net Worth71.8011.86-0.08
Reserves & Surplus68.8011.20-0.12

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes;
2Funding setting up of an additional 1000 number of 4G/5G telecom towers;
3Funding incremental working capital requirement of the company; and
🏢 About the Company
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.
📞 Company Contact
CompanySAR Televenture Limited
AddressP. No – 346A, 2nd Floor,
Udyog Vihar, Phase-4,
Gurugram-122016
Phone+91 8587050050
Emailinfo@sarteleventure.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd.
Phone022-49186000
Emailsarteleventure.rights@linkintime.co.in
WebsiteVisit ↗