SME IPOs: SAR Televenture, V. L. Infraprojects & VVIP Infratech Ltd.

SAR Televenture 

FPO opens on July 22, 2024, closes on July 24, 2024

SAR Televenture FPO is a book built issue of Rs 150.00 crores. The issue is entirely a fresh issue of 71.43 lakh shares. The allotment for the SAR Televenture FPO is expected to be finalized on Thursday, July 25, 2024. SAR Televenture FPO will list on NSE SME with tentative listing date fixed as Monday, July 29, 2024. SAR Televenture FPO price band is set at Rs 200 to Rs 210 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is Rs 105,000. The minimum lot size investment for HNI is 2 lots (1,000 shares) amounting to Rs 210,000.

Incorporated in May 2019, SAR Televenture Limited provides telecommunication solutions for network operators. The company installs and commissions 4G and 5G towers, Optical Fibre Cable (OFC) systems, and deals in network equipment.

SAR Televenture is registered as an Infrastructure Provider Category I (IP-I) with the Department of Telecommunications (DOT). The company leases out built sites such as GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), and it also establishes and maintains assets such as Dark Fibers, Right of Way, Duct Space, and Towers to grant on a lease, rent, or sale basis to the licensees of Telecom Services.

The company offers project management services for laying ducts and optic fiber cables, constructing basic transmission and telecom utilities, leasing dark fiber, constructing optical fiber networks, maintaining ducts and optic fiber, and providing optical fiber project turnkey services to Telecom Network Operators, Broadband Service Operators, and ISPs across Maharashtra.

V.L.Infraprojects Limited

IPO opens on July 23, 2024, closes on July 25, 2024

V.L.Infraprojects IPO is a book built issue of Rs 18.52 crores. The issue is entirely a fresh issue of 44.1 lakh shares. The allotment for the V.L.Infraprojects IPO is expected to be finalized on Friday, July 26, 2024. V.L.Infraprojects IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 30, 2024. V.L.Infraprojects IPO price band is set at Rs 39 to Rs 42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is Rs 126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to Rs 252,000.

V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.

The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.

The company is a Class AA approved contractor by the Government of Gujarat, holds a civil/ electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh.

VVIP Infratech Ltd. 

IPO opens on July 23, 2024, closes on July 25, 2024

VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares. The allotment for the VVIP Infratech IPO is expected to be finalized on Friday, July 26, 2024. VVIP Infratech IPO will list on BSE SME with tentative listing date fixed as Tuesday, July 30, 2024. VVIP Infratech IPO price band is set at Rs 91 to Rs 93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is Rs 111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 223,200.

VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class ‘A’ civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.