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Servotech Power Systems IPO is a fixed price issue of ₹15.13 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹15.13 crore.
Servotech Power Systems IPO bidding started from Aug 9, 2017 and ended on Aug 14, 2017. The shares got listed on NSE SME on Aug 24, 2017.
Servotech Power Systems IPO price is ₹31.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,48,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Servotech Power Systems IPO RHP for detailed Information.
| IPO Date | August 9, 2017 to August 14, 2017 |
| Listing Date | August 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 48,80,000 shares (aggregating up to ₹15.13 Cr) |
| Reserved for Market Maker | 3,00,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.9300 Cr) |
| Net Offered to Public | 45,80,000 shares (aggregating up to ₹14.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 13,43,042 shares |
| Share Holding Post Issue | 1,83,10,429 shares |
Servotech Power IPO offers total 48,80,000 shares. Out of which 22,90,000 (46.93%) allocated to NII, 22,90,000 (46.93%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (6.15%) |
| NII (HNI) Shares Offered | 22,90,000 (46.93%) |
| Retail Shares Offered | 22,90,000 (46.93%) |
| Total Shares Offered | 48,80,000 (100.00%) |
Servotech Power Systems IPO opens on August 9, 2017, and closes on August 14, 2017.
| IPO Open Date | Wed, Aug 9, 2017 |
| IPO Close Date | Mon, Aug 14, 2017 |
| Tentative Listing Date | Thu, Aug 24, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 14, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,24,000 |
| Retail (Max) | 1 | 4,000 | ₹1,24,000 |
| HNI (Min) | 2 | 8,000 | ₹2,48,000 |
Incorporated in 2014, Servotech Power Systems Limited is engaged in manufactures and sells inverters, uninterruptible power source products, and servo stabilizers under the SERVOTECH brand name in India, south-east Asia, Africa, Europe, and the Middle East.
Company's products include LED light bulbs, downlights, flood lights, panel lights, tube lights, and bay lights, as well as outdoor lights, such as street lights and floodlights under the SAARA brand for residential, industrial, and commercial applications. In addition, it manufactures and supplies a range of solar products, which include solar BLDC fans, solar home light systems, solar PWM and MPPT charge controllers, and solar pump controllers.
SPSL also manufacturer and supplier of a comprehensive range of Solar Products that includes Solar BLDC Fan, Solar Home Light systems, Solar PWM Charge Controller, Solar MPPT Charge Controller, Solar water pump etc. The company also provides turnkey services which involve supply, installation, commissioning, testing and comprehensive maintenance of upto 5 years of LED products.
The Company Servotech Power Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 11.60 |
| 2 | General Corporate Purpose | 2.28 |
| 3 | Issue Expenses | 1.25 |
[Dilip Davda] Although issue appears fully priced, considering prospects for LED segment, investors may consider for medium to long term investment. Read detail review...
| Listing Date | August 24, 2017 |
| BSE Script Code | |
| NSE Symbol | SERVOTECH |
| ISIN | INE782X01017 |
| Final Issue Price | ₹31 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹30.70 |
| Low | ₹30.70 |
| High | ₹32.00 |
| Last Trade | ₹31.85 |
Servotech Power Systems Ltd.
806, 8th Floor, Crown Heights,
Hotel Crown Plaza,
Rohini, Sector 10,
Delhi, New Delhi, 110085
Phone: +91 11 41117657-60
Email: servotech@servotechindia.com
Website: http://www.servotech.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Servotech Power Systems IPO is a SME IPO of 48,80,000 equity shares of the face value of ₹10 aggregating up to ₹15.13 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on August 9, 2017, and closes on August 14, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Servotech Power Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Servotech Power Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Servotech Power Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Servotech Power Systems IPO opens on August 9, 2017 and closes on August 14, 2017.
Servotech Power Systems IPO lot size is 4000, and the minimum amount required for application is ₹1,24,000.
You can apply in Servotech Power Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Servotech Power Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Servotech Power Systems IPO allotment status.
The Servotech Power Systems IPO listing date is on Thursday, August 24, 2017.
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