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SAR Televenture FPO allotment status expected today: Here’s how to check details online

Upstox
By Upstox News Desk

3 min read | Updated on July 25, 2024, 16:23 IST

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SUMMARY

SAR Televenture FPO was a book-building issue worth ₹150 crore. The Follow-on Public Offering (FPO) subscription was open from July 22 to July 24. The FPO’s tentative listing date has been fixed as July 29.

SAR Televenture FPO allotment status expected to be decided on July 25: Here’s how to check details online

SAR Televenture FPO allotment status expected to be decided on July 25: Here’s how to check details online

SAR Televenture FPO allotment status is likely to be finalised on Thursday, July 25. The follow-on Public Offering (FPO) subscription closed with decent demand on July 24.

SAR Televenture FPO was booked 7.98 times with bids for over 4.28 crore shares against the 53.62 lakh shares on offer. The Non-Institutional Investors (NIIs) category drove the demand for SAR Televenture’s shares by booking their portion 8.52 times. SAR Televenture FPO was subscribed 7.49 times in the retail category and was subscribed 8.31 times in the QIBs category.

Also Read: SAR Televenture FPO subscribed over 7 times on last day
SAR Televenture FPO was a book-building issue worth ₹150 crore. The Follow-on Public Offering (FPO) subscription was open from July 22 to July 24. The FPO’s tentative listing date has been fixed as July 29.
Prior to the listing, the share allotment of SAR Televenture FPO will take place on Thursday, July 25.
Also Read: How much tax you need to pay on income of ₹7 lakh to ₹20 lakh after Budget 2024

Investors waiting for the FPO share allotment status to be finalised can check it on the NSE website and registrar Link Intime India Pvt Ltd.

Steps to check SAR Televenture share allotment on the NSE website

Follow these steps to check the share allotment status using the registrar Link Intime India Pvt Ltd’s website

  • Go to the IPO registrar’s website at - https://www.linkintime.co.in/
  • Navigate to the 'Public Issues' section.
  • Select ‘SAR Televenture FPO’ from the issue name menu
  • Enter any of these- PAN, application number, DP/Client ID or bank account number or IFSC.
  • Click on the 'Submit' button.

The price band for SAR Televenture FPO was fixed at ₹200 to ₹210 per share. The minimum lot size for an application is 500 Shares, which aggregates to an investment of ₹1,05,000.

SAR Televenture FPO: Objective

The company proposes to use the funds raised via the public issue to establish Fibre-to-the-Home (FTTH) network solutions for 3,00,000 Home Passes and an additional 1,000 4G/5G telecom towers. The money will also be used to fund the company's incremental working capital requirements.

About SAR Televenture

SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and other network equipment. SAR Televenture is a registered Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DoT).

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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