SAR Televenture Rights Issue is scheduled on 15 – 22 July 2024
SAR Televenture was established to provide telecommunication solutions to network operators and lay fiber cables. The company is now a telecommunication infrastructure provider, primarily focused on installing and commissioning telecom towers in India.
The company also provides support services, including project management for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, and maintenance of ducts and optic fiber. They offer turnkey optical fiber project services to various telecom network operators, broadband service operators, and ISPs.
As of 31 May 2024, the company has installed a total of 413 towers on lease across various regions in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman & Nicobar Islands.
Promoters of SAR Televenture – M.G Metalloy Private Limited
SAR Televenture Rights Issue Details
| SAR Televenture Rights Issue Date | 15 – 22 July 2024 |
| SAR Televenture Rights Issue Price | INR 200 per share |
| Issue Size (in Shares) | 1,50,00,000 shares |
| Issue Size (in INR) | INR 300 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | The full amount of INR 200/- per equity shares is payable on application. |
| SAR Televenture Rights Issue Record Date | 9 July 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE |
SAR Televenture Rights Issue Calculation
| SAR Televenture Rights Issue Price | INR 200 per share |
| Market Price on Rights Issue Approval | INR 265.55 per share |
| Dilution Factor (X) | 2.00 |
| Fair Value After Dilution at Prevailing Price | INR 232.78 per share |
SAR Televenture Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 4.73 | 32.46 | 124.12 |
| Expenses | 4.73 | 28.24 | 108.10 |
| Operating Margin (%) | 14.0 | 18.0 | 14.0 |
| Net Income | 0.04 | 3.94 | 15.66 |
| ROCE (%) | 11.0 | 41.0 | 12.0 |
SAR Televenture Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes – INR 273 crore
- Funding setting up of an additional 1000 number of 4G/5G telecom towers – INR 42.50 crore
- Funding incremental working capital requirement of the company – INR 30 crore
- General corporate purposes
SAR Televenture Rights Offer Documents
SAR Televenture Rights Issue Dates
| Rights Issue Approval Date | 3 July 2024 |
| Rights Issue Record Date | 9 July 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 15 July 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | 22 July 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
SAR Televenture Rights Offer Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: 1800 889 8711
Email: [email protected]
Website: www.pantomathgroup.com
SAR Televenture Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
SAR TELEVENTURE LIMITED
B-16, First floor, Noida Sector-2,
Uttar Pradesh-201301, India
Phone: 8587050050
E-mail: [email protected]
Website: www.sarteleventure.com
SAR Televenture Rights Offer FAQs
What is the SAR Televenture Rights Issue Price?
The issue price is INR 200 per share.
What is the SAR Televenture Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the SAR Televenture Rights Issue Record Date?
The Record date is 9 July 2024.
How to Apply for the SAR Televenture Rights Offer?
The best way to apply for the SAR Televenture Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
