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IPO Synopsis

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  • IPO Synopsis

IPO

Sar Televenture Ltd
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