IPO Synopsis

Sar Televenture Ltd

Registered Office: P.No 346 A 2nd Flr Udyog Vihar,Phase 4, Gurugram - 122016, Haryana, India. Phone : 0124 45133283   Fax: Email : info@sarteleventure.com Website :www.sarteleventure.com

Initial public issue consisting of fresh issue of 45,00,000* equity shares of face value of Rs. 02 each ("Equity Shares") of Sar Televenture Limited ("Company" or "Issuer") for cash at a price of Rs. 55 per equity share (including a share premium of Rs. 53 per equity share) aggregating upto Rs. 24.75 crores (the "Issue"). The issue includes a reservation of upto 2,30,000* equity shares of face value Rs. 02 each at a price of Rs. 55 per equity share aggregating Rs. 1.27 crores for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. net issue of 42,70,000* equity shares of face value of Rs. 02 each for cash at a price of Rs. 55 per equity share, aggregating Rs. 23.49 crores is hereinafter refered to as the "Net Issue". The issue and the net issue will constitute 30.00 % and 28.47 % respectively of the post issue paid up equity share capital of the company. Issue Opens On Closes On 01-Nov-23 03-Nov-23 Money Payable On Application Allotment 55.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 2000 Cr Lead Managers to the Issue Project Cost (.Cr) 22.98 Pantomath Capital Advisors Pvt Ltd Project Financed through Current Offer (.Cr) 24.75   Post Issue Equity Share Capital (.Cr) 3.00 Issue Price () 55.00

Projects

Installation of 5g/4g towers Full or part repayment and or prepayment of certain outstandng secured borrowings Funding the working capital requiremens of the company General corporate purposes

Promoted By

MG Metalloy Pvt Ltd

Listing At

NSE - SME

Registrar to the Issue

No Data Available