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News Details

26/10/2023 13:00

SAR Televenture announces launch of initial public offering

SAR Televenture Ltd. has announced public offering of 4500000 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 53.00 per share. The gross proceeds of the issue are expected to be Rs 2,475.00 lakhs.

The company's initial public offer (IPO) will open on 01 November 2023 and is expected to close on 03 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 52.00-55.00 per share.

The IPO includes a fresh Issue of 4500000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

SAR Televenture Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt.Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.