Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Wed, Aug 9, 2017 - Mon, Aug 14, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Aug 9, 2017
IPO Close
Mon, Aug 14, 2017
Issue Price
₹31 per share
Market Cap (Pre-IPO)
₹56.76 Cr
| IPO Date | 9 to 14 Aug, 2017 |
| Listed on | Thu, Aug 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,80,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 3,00,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.9300 Cr) |
| Fresh Issue (Ex Market Maker) | 45,80,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 45,80,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 13,43,042 shares |
| Share Holding Post Issue | 1,83,10,429 shares |
| NSE Symbol | SERVOTECH |
| ISIN | INE782X01017 |
Servotech Power Systems IPO comprises a total issue size of 48,80,000 shares. The net offer to the public is 45,80,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 22,90,000 (50.00%) allocated to NII 22,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,90,000 | 50.00% | 46.93% |
| Retail Shares Offered | 22,90,000 | 50.00% | 46.93% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 6.15% | |
| Total Shares Offered | 48,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 11.60 |
| 2 | General Corporate Purpose | 2.28 |
| 3 | Issue Expenses | 1.25 |
The Servotech Power IPO is subscribed [.] times on August 14, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 24,40,000 | 42,72,000 |
| Retail | [.] | 24,40,000 | 26,96,000 |
| Total | [.] | 48,80,000 | 69,68,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.45 |
| 2 | Marketing Expenses | 0.60 |
| 3 | Regulatory Fees & Other Expenses | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹30.70 |
| Low | ₹30.70 |
| High | ₹32.00 |
| Last Trade | ₹31.85 |
Lead Manager Reports
Servotech Power Systems IPO is a SME IPO of 48,80,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Aug 9, 2017, and closes on Mon, Aug 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 Wed, Aug 9, 2017 and closes on Mon, Aug 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 Thu, Aug 24, 2017.
