Last Updated on 17/07/2024 by wccexam Desk
SAR Televenture Ltd IPO
SAR Televenture Ltd is launching an Initial Public Offering (IPO) to raise ₹150 crores. The IPO consists of a fresh issue of [-] equity shares of face value ₹2 each. The price band for the IPO is set at ₹200 to ₹210 per share.
The key details of the SAR Televenture Ltd IPO are:
Issue Size: ₹150 crores
Price Band: ₹200 to ₹210 per share
Minimum Lot Size: 500 shares (₹1,05,000 at the upper end of the price band)
Listing: Proposed on NSE-SME
IPO Timeline
- IPO Open Date: July 22, 2024
- IPO Close Date: July 24, 2024
- Allotment Finalization: July 25, 2024
- Listing Date: July 29, 2024
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Reservation
- Qualified Institutional Buyers (QIBs): Not more than 50% of the issue
- Non-Institutional Investors (NIIs): Not less than 15% of the issue
- Retail Individual Investors (RIIs): Not less than 35% of the issue
The proceeds from the IPO will be used to set up fiber-to-the-home network solutions, install additional 4G/5G telecom towers, fund working capital, and for general corporate purposes.
Pantomath Capital Advisors Private Limited is the book-running lead manager, and Link Intime India Private Limited is the registrar for the SAR Televenture Ltd IPO.