SAR Televenture FPO Allotment Status

How to check SAR Televenture FPO Allotment Status

How to check the FPO allotment status in this case? Since this is an NSE SME FPO , there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard FPOs and for BSE SME FPOs. If you have applied for the FPO, you can check your allotment status directly on the website of the FPO registrar, Link Intime India Private Ltd Private Limited. Here are the steps that you need to follow to check the allotment status.

SAR Televenture FPO Allotment Date, July 25, 2024

How to check SAR Televenture FPO Allotment Status on Link Intime 

Visit the Link Intime India Private Ltd Private Limited (FPO registrar to SAR Televenture Limited website for FPO status by clicking on the link below:

https://www.linkintime.co.in/IPO/public-issues.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment status checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there is also a way to access this page via the home page of Link Intime India Private Ltd by clicking on the “Allotment Status” link displayed prominently on the home page.

It all works the same.
This dropdown will show the active FPOs and also the IPOs that are being managed by the registrar but not yet active. However, you can access the online allotment status only after the allotment status is finalized for SAR Televenture Limited. At that point, you can go and select the company SAR Televenture IPO from the drop-down box. The allotment status will be finalized on July 25, 2024, so in this case, you can access the details on the registrar website either late on July 25, 2024 or by middle of July 25, 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the FPO of SAR Televenture Limited.

• Firstly, you can query for the application status based on your mapped Income Tax PAN number. Once you select PAN (permanent account number) radio button, enter your 10-digit PAN number, which is an alphanumeric code. The first 5 characters are alphabets, sixth to ninth characters are numerical while the last character is once again an alphabet. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Submit Button.

• Secondly, you can query the application status based on your Application Number / CAF Number. Once you select the Application Number (radio button) from the dropdown menu, enter your application number as it is given in the CAF acknowledgment given to you. Double-check to ensure that you are entering the right application number. Once the application number is entered and verified, ensure to click the Submit Button to get the allotment status output.

• Thirdly, you can also search by Beneficiary ID of your demat account. You have to then enter the combination of the DP ID and the Client id as one single string. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. Just enter the combination of DP ID and customer ID as it is. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that, you can click the Submit Button in both cases.

You can follow any of the options above. The FPO status with the number of shares of SAR Televenture Limited allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of July 26, 2024, or after that. These shares would be credited to your demat account. 

It must be noted here that, in the past, Link Intime India Private Ltd (the registrar to the issue) had briefly discontinued offering the allotment status based on application number / CAF number. That has now been commenced again and applicants in the FPO can now also query by application number / CAF; apart from the PAN number and the Demat account details. The investor can choose the facility that is most convenient to them.

In case you have any issues with the output or any complaints, you can reach out to Link Intime India Private Ltd (registrars to the issue) by email of phone. You can send an email with your complaint details to ipo.helpdesk@linkintime.co.in or you can also call +91-22-4918 6270 and explain the issue after appropriately authenticating yourself.

How allocation quota and subscription impact the basis of allotment

Here is a quick look at how the allocation was made across different categories of investors. This is the first factor that impacts the investor’s chances of allotment in the FPO.

Data Source: Company RHP

The SAR Televenture FPO offers a total of 7,398,225 shares. The allocation includes 2,035,500 shares (27.51%) for anchor investors, 1,425,225 shares (19.26%) for qualified institutional buyers (QIB), 1,443,750 shares (19.51%) for non-institutional investors (NII), and 2,493,750 shares (33.71%) for retail investors. The stock will list on the stock exchanges on the third working day after the closure of the FPO. You can check the number of shares available for your specified quota which gives an idea of the chances of allotment at the outset itself. 

SAR Televenture FPO Subscription Status 

The SAR Televenture FPO was heavily oversubscribed, with an overall subscription rate of 7.49 times. By July 24, 2024, the retail portion was subscribed 6.52 times, the Qualified Institutional Buyers (QIB) portion 8.31 times, and the Non-Institutional Investors (NII) portion 8.34 times. The FPO received bids for a total of 4,01,42,500 shares against the 53,62,725 shares offered, raising a total of ₹842.99 crores. There were 32,492 applications in total.

Data Source: NSE

SAR Televenture FPO subscribed 7.49 times. The public issue subscribed 6.52 times in the retail category, 8.31 times in QIB, and 8.34 times in the NII category by July 24, 2024 5:27:02 PM.

The oversubscription numbers are exclusive of the market maker portion, which is intended to provide liquidity with low bid-ask spreads for the investors and it is also exclusive of the anchor allocation portion to give a proper picture of the extent of oversubscription of the public portion of the IPO. The subscription numbers are very strong, which would logically reduce chances of getting an allotment.

About SAR Televenture FPO

The SAR Televenture FPO is a book-built issue of ₹ 150 crores, offering 71.43 lakh fresh shares. Open for subscription from July 22 to July 24, 2024, the allotment is expected to be finalized on July 25, 2024. The shares will list on the NSE SME with a tentative date of July 29, 2024.
Priced between ₹200 and ₹210 per share, the FPO requires a minimum investment of ₹105,000 for retail investors, with a lot size of 500 shares. High Net Worth Individuals (HNIs) need to invest in at least 1,000 shares, totaling ₹210,000.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager, and Link Intime India Private Ltd is the registrar for the issue. The proceeds from the SAR Televenture FPO will be used to expand the Fiber-to-the-Home (FTTH) network to 300,000 homes, set up an additional 1,000 4G/5G telecom towers, meet incremental working capital requirements, and for general corporate purposes.

Next steps after the closure of the FPO of SAR Televenture

The issue opened for subscription on 22nd July 2024 and closed for subscription on 24th July 2024 (both days inclusive). The basis of allotment will be finalized on 25th July 2024 and the refunds will be initiated on 26th July 2024. In addition, the demat credits are expected to also happen on 26th July 2024 and the stock will list on 29th July 2024 on the NSE SME FPO segment. The credits to the Demat account to the extent of shares allotted will happen by the close of 25th July 2024.

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting an allotment. Normally, the higher the subscription ratio, the lower the chances of allotment and vice versa. In this case, the subscription levels have been fairly strong in the FPO; both in the Retail segment and also in the HNI / NII segment. Investors in the FPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of the allotment is finalized.