FPO-SAR Televenture Limited

About the company

## **About SAR Televenture Limited FPO** Incorporated in May 2019, SAR Televenture Limited is a dynamic player in the telecommunications industry, dedicated to providing innovative solutions to telecom network operators and facilitating the laying of fiber cables. With a focus on the rapidly evolving telecom sector, SAR Televenture stands as a premier telecommunications infrastructure provider, primarily engaged in the installation and commissioning of telecom towers across India. SAR Televenture Limited has successfully installed a total of 413 telecom towers on lease across various regions, including West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and the Andaman & Nicobar Islands. Our strategic deployment of telecom towers underscores our commitment to enhancing connectivity and supporting the digital transformation of India. Beyond tower installation, SAR Televenture offers a wide range of support services designed to meet the diverse needs of telecom network operators. These services include: - Project Management: Expertise in managing projects for laying ducts and optic fiber cables. - Construction: Building essential transmission and telecom utilities. - Dark Fiber Leasing: Providing dark fiber leasing solutions. - Optical Fiber Network Construction: Developing and maintaining robust optical fiber networks. - Turnkey Services: Delivering comprehensive optical fiber project turnkey services. - Maintenance: Ensuring the upkeep and optimal performance of duct and optic fiber networks. The Indian telecom tower sector is renowned globally, and SAR Televenture Limited is proud to be a part of this success story. Currently, 83% of India’s tower sites are owned by tower companies, including those backed by Mobile Network Operators (MNOs). This places India second only to China (100%) and ahead of the US and Canada (70.8%), Europe (63.8%), South East Asia (27.3%), and Oceania (12.8%). India's leadership in passive infrastructure sharing has set a global benchmark, offering significant advantages such as accelerated market expansion, operational efficiencies, and reduced capital expenditure burdens for telecom operators. The robust fundamentals of the tower industry have facilitated seamless market entry and exit, a crucial factor given the substantial investments required for network deployment. The Indian telecom sector is experiencing rapid growth, with a subscriber base exceeding 1.2 billion and projections to reach approximately 1.5 billion by 2025. SAR Televenture’s strategic presence across multiple jurisdictions allows us to capitalize on this growth and expand our customer portfolio in an industry with limited prominent telecom operators. Our subsidiary is actively engaged in the business of laying and installing fiber cables and trading network equipment. The expansion into various locations has been driven by our experienced team’s ability to secure contracts from telecom service providers, identify optimal tower installation sites, and negotiate favorable terms with property owners. This strategic approach ensures the successful deployment and operation of our infrastructure, reinforcing SAR Televenture’s position as a leader in the telecommunications sector.  At SAR Televenture Limited, we are dedicated to advancing India’s telecommunications infrastructure, driving innovation, and providing exceptional services to our clients. Our experienced team, strategic approach, and unwavering commitment to excellence position us as a trusted partner in the telecom industry, paving the way for a connected and digitally empowered future. As SAR Televenture Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding setting up of Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes. 1. Funding setting up of an additional 1000 number of 4G/5G telecom towers. 1. Funding incremental working capital requirement of the Company. 1. General Corporate purposes.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   22 Jul 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   24 Jul 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   24 Jul 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   26 Jul 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   25 Jul 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   29 Jul 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.