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Servotech Power IPO is a fixed price issue of Rs 15.13 crores.
Servotech Power IPO bidding started from August 9, 2017 and ended on August 14, 2017. The shares got listed on NSE SME on August 24, 2017.
Servotech Power IPO price is ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Servotech Power IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Servotech Power IPO RHP for detailed information.
IPO Date | August 9, 2017 to August 14, 2017 |
Listing Date | August 24, 2017 |
Face Value | ₹10 per share |
Price | ₹31 per share |
Lot Size | 4000 Shares |
Total Issue Size | 4,880,000 shares (aggregating up to ₹15.13 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 1,343,042 |
Share holding post issue | 18,310,429 |
Servotech Power IPO offers 4,880,000 shares. 2,440,000 (50.00%) to NII, 2,440,000 (50.00%) to RII.
Investor Category | Shares Offered | |
---|---|---|
Anchor Investor Shares Offered | - | |
Market Maker Shares Offered | - | - |
Other Shares Offered | 2,440,000 (50.00%) | |
Retail Shares Offered | 2,440,000 (50.00%) | |
Total Shares Offered | 4,880,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 4000 | ₹124,000 |
Retail (Max) | 1 | 4000 | ₹124,000 |
Lot Size Calculator |
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 object of the issue are:
1. To meet the working capital requirements of the Company
2. General Corporate Purpose
3. Issue Expenses
[Dilip Davda] Although issue appears fully priced, considering prospects for LED segment, investors may consider for medium to long term investment. Read detail review...
The Servotech Power IPO is subscribed times on August 14, 2017 5:00:00 PM. 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) |
---|---|
Other | |
Retail | |
Total |
Listing Date | August 24, 2017 |
BSE Script Code | |
NSE Symbol | SERVOTECH |
ISIN | INE782X01017 |
Final Issue Price | ₹31 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹31.00 |
₹30.70 |
₹30.70 |
₹32.00 |
₹31.85 |
Servotech Power Systems Ltd
806, 8th Floor, Crown Heights,
Hotel Crown Plaza, Sector 10,
Rohini, 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
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Check our SME IPO Guide
Servotech Power IPO is a SME IPO of 4,880,000 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 Shares.
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.
The Servotech Power IPO opens on August 9, 2017 and closes on August 14, 2017.
Servotech Power IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.
You can apply in Servotech Power IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Servotech Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Servotech Power IPO allotment status.
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Thanks for good advice