SAR Televentures FPO Subscription Status

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 24th July 2024 - 10:40 pm

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SAR Televentures FPO - Day-3 Subscription at 5.15 times

As of 3.12 pm on 24 July 2024, SAR Televenture IPO saw total bids for 2,76,19,500 lakh shares. This implies an overall subscription of 5.15X on Day-3.

Employees (N.A.) QIBs (5.22X) HNI/NII (4.67X) Retail (5.39X) Total (5.15X)

The subscriptions were primarily driven by retail investors, followed by Qualified Institutional Buyers (QIBs) and then High Net-Worth Individuals (HNIs)/Non-Institutional Investors (NIIs) in that order. The QIB and NII/HNI segments typically see the most activity on the final day. NII bids increase on the last day as bulk HNI funding bids, corporate bids and large HNI bids are submitted. These numbers can change till closing. Below are the details of the category-wise subscriptions.

Investor Category Subscription (times) Shares Offered Shares Bid For Total Amount (₹ in Crore)
Anchor Quota 1.00 20,35,500 20,35,500 42.75
QIB Investors 5.22 14,25,225 74,35,000 156.135
HNIs / NIIs 4.67 14,43,750 67,36,500 141.467
Retail Investors 5.39 24,93,750 1,34,48,000 282.408
Total 5.15 53,62,725 2,76,19,500 580.010

Data Source: NSE

The follow-on public offering (FPO) of SAR Televenture IPO, a telecommunications infrastructure provider, opened for subscription on Monday, July 22, 2024, and is set to close on Wednesday, July 24, 2024. As of today, the status is updated only until 3:12 pm on Day 3 of the FPO. The subscription pattern shows that Qualified Institutional Buyers (QIB) and High Net Worth Individuals (HNI/NII) show the most interest on the final day, while retail investors are also active.

The price range for the FPO is set between ₹200 and ₹210 per equity share. SAR Televenture has allocated 20.35 lakh equity shares to 11 funds at ₹210 each amounting to ₹42.74 crore. SAR Televenture, listed on National Stock Exchange (NSE) on November 8, 2023, stated in its Red Herring Prospectus (RHP) that the initial public offering was a fresh issue of 4,500,000 equity shares worth ₹24.75 crore, with no offer for sale component.

SAR Televenture plans to raise ₹450 crore through a combination of a rights offering and the FPO, with ₹300 crore from the rights offering and ₹150 crore from the FPO.

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