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Rights Issue Status: Closed [15th Jul 2024 to 22nd Jul 2024]
SAR Teleeventure Limited offers Right Issue size of Rs 300.00 Cr. The subscription for this Rights Issue is opening from 15 July 2024 to 22 July 2024. The company issues entitlement of 1 Rights equity shares for every fully paid-up 1 equity shares held on the record date of 9 July 2024. The face value of a share is Rs. 2 per share and the right issue price is fixed at Rs. 200 per share.
Stay connected with us to more about SAR Teleeventure Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The company proposes to utilize the Net Proceeds towards funding the following objects:
| SAR Televenture Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 1.50 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹300.00 Cr |
| Face Value | ₹2 Per Equity Share |
| Rights Issue - Issue Price | ₹200 per share |
| Rights Issue Record Date | 9th Jul 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The full amount of Rs. 200/- per equity shares is payable on application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | SARTELE |
In this section we have covered all important dates related to SAR Televenture Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 15th Jul 2024 |
| Rights Issue Issue Close Date | 22nd Jul 2024 |
| Basis of Allotment Finalisation Date* | 25th Jul 2024 |
| Refunds Initiation* | 16th Jul 2024 |
| Credit of Shares to Demat Account* | 29th Jul 2024 |
| Rights Issue Listing Date* | 30th Jul 2024 |
* - Tentative Dates
Zerodha Trade@20
SAR TeleEventure Limited was founded in May 2019. The company is registered as a Category I Infrastructure Provider (IP-I) with the Department of Telecommunication (DOT), which enables them to lease their sites, i.e. GBT/RTT/mast sites and Out Door Small Cell (ODSC), and construct and maintain assets such as dark fibre optic cables, rights of way, manholes and towers for leasing, renting or selling to the licensees of telecommunication services.
The company also provides support services such as project management for laying ducts and fibre optic cables, construction of basic transmission and telecom facilities, leasing of dark fibre, construction of fibre optic networks, maintenance of ducts and fibre and turnkey fibre projects to various telecom network and broadband service operators and internet service providers in Maharashtra. The company has already installed and commissioned 125, 108 and 140 towers for the years 2020-21, 2021-22 and 2022-23 respectively.
On January 03, 2023, the company entered into a share purchase agreement to acquire 100% of the issued and paid-up share capital of SAR Televenture FZE, United Arab Emirates (formerly known as Shoora International–FZE), from Shoora Capital Limited. The subsidiary is currently engaged in :
Past performance and financial results of SAR Televenture .
Sar Televenture Limited's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 266.42 | 24.22 | 4.11 |
| Revenue | 124.17 | 32.52 | 4.75 |
| Profit After Tax | 15.66 | 3.94 | 0.04 |
| Net Worth | 71.80 | 11.86 | -0.08 |
| Reserves and Surplus | 68.80 | 11.20 | -0.12 |
| Total Borrowing | 177.87 | 4.44 | 3.37 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
SAR Televenture Rights Issue Offer Document (Letter of Offer) >>Document
SAR Televenture Rights Issue Offer Document (Letter of Offer) >>SAR Televenture Rights Issue Red Herring Prospectus is not yet available.
SAR Televenture Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
SAR Televenture Rights Issue Online Application (Registrar & Transfer Agent) >>SAR Televenture Rights Issue RTA information is not yet available.
Last Updated on 2024-07-25T05:32:45+00:00
