SAR Televenture FPO

About SAR Televenture Limited

SAR Televenture Limited, initially incorporated as “SAR Televenture Private Limited” under the Companies Act 2013, received its certificate of incorporation on May 24, 2019. Following a special resolution by its shareholders, the company transitioned to a public limited entity on March 21, 2023, and subsequently changed its name to ‘SAR Televenture Limited’. The company's equity shares were listed on the NSE Emerge Platform on November 08, 2023.

SAR Televenture Limited was established to provide telecommunication solutions to telecom network operators, focusing on the installation and commissioning of telecom towers across India. As of May 31, 2024, the company has installed 413 towers in various regions, including West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands. SAR Televenture Limited holds certifications for ISO - 9001:2015, ISO 140001: 2015, and ISO 45001: 2018 and is registered as an Infrastructure Provider Category-I (IP-I) with the Department of Telecommunication (DOT).

The company leases out build sites such as GBT/RTT/Pole sites and Out Door Small Cell (ODSC), and manages assets like Dark Fibers, Right of Way, Duct Space, and Towers. It also offers support services, including project management for duct and optic fiber cable laying, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, and maintenance services for various telecom network operators, broadband service providers, and ISPs.

SAR Televenture Limited has also expanded its operations internationally, acquiring 100% equity in SAR Televentures F.Z.E, UAE, which is engaged in fiber cable installation and network equipment trading. The company has entered the fiber-to-the-home (FTTH) business, providing high-speed broadband internet directly to households. This strategic move positions SAR Televenture Limited for continued growth and success in the evolving telecommunications industry.

Industry Outlook:

1. The number of towers in India more than doubled from 2007 to 2020, and tower companies own 83% of tower sites. The doubling of telecom towers and increased infrastructure investments provide a solid foundation for SAR Televenture Limited to expand its operations and enhance service delivery.
2. India has the world's second-largest subscriber base, with 1.18 billion subscribers. This large user base continues to grow, supported by government policies and competitive pricing. This substantial increase underscores SAR Televenture Limited's operational efficiency and strategic positioning within the growing telecom sector.
3. Internet penetration in India has risen from 36.7% in 2018 to 75% in 2024 and is projected to reach 85.9% by 2028. This increase is driven by affordable smartphones and data plans, as well as government initiatives like Digital India and BharatNet.

SAR Televenture Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funding ₹27,300 lakh to establish Fiber-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes.
2. Funding ₹4,250 lakh to install 1,000 additional 4G/5G telecom towers.
3. Funding ₹3,000 lakh to meet the incremental working capital needs of the Company.
4. Covering general corporate purposes for unforeseen expenses or strategic opportunities.

Peer Details

The following are the listed companies in India that operate in a business similar to SAR Televenture Limited:

1. Suyog Telematics Limited
2. Kore Digital Limited

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Contact Details of SAR Televenture Limited IPO

• Registered office: P.No–346A, 2nd Floor, Udyog Vihar, Phase-4, Gurugram-122016, Haryana, India
• Phone: +91 8587050050
• E-mail: info@sarteleventure.com