SAR Televenture is coming with an FPO of INR 150 crore. The company provides telecommunication solutions for network operators such as Airtel.
The FPO opens on July 22, 2024, and closes on July 24, 2024. It is a fresh issue of 71.43 lakh shares
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Allotment will be finalized on July 25, 2024, and listing on the NSE SME platform on July 29, 2024.
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The price band of FPO is ₹200 to ₹210 per share, with a lot size of 500 shares. The minimum retail investment is ₹105,000.
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The company’s revenue increased by 281.87%, and PAT rose by 297.92% from FY23 to FY24.
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Funds from FPO will be utilized for FTTH network expansion, 4G/5G towers, working capital, and corporate purposes.
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