The Servotech Power IPO date has been confirmed to have started on August 9, 2017 and ended on August 14, 2017.
Using an IPO, Servotech Power is seeking to raise Rs 15.13 crore. Its price is ₹31 per share and the minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹124,000.
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Bidding Dates
August 9-14
Price Range
₹31 per share
Face Value
₹10 per share
GMP
₹76.05
Servotech Power IPO GMP
The Servotech Power Limited IPO GMP is ₹76.05.
IPO Overview
The Servotech Power IPO is a fixed-price offering for Rs 15.13 crore. Bidding for the Servotech Power IPO began on August 9, 2017 and finished on August 14, 2017. On August 24, 2017, the shares were listed on the NSE SME. Servotech Power’s initial public offering (IPO) price is 31 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of $140,000.
SPSL also manufactures and sells a wide range of solar products, such as solar BLDC fans, solar home lighting systems, solar PWM charge controllers, solar MPPT charge controllers, solar water pumps, and so on. The company also offers complete services that include the procurement, installation, commissioning, testing, and thorough maintenance of LED goods for up to 5 years.
Servotech Power IPO Details
| 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 |
Servotech Power Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹30.70 |
| Low | ₹30.70 |
| High | ₹32.00 |
| Last Trade | ₹31.85 |
Servotech Power IPO Listing Details
| Listing Date | August 24, 2017 |
| BSE Script Code | |
| NSE Symbol | SERVOTECH |
| ISIN | INE782X01017 |
| Final Issue Price | ₹31 per share |
Company Profile
Servotech Power Systems Limited, founded in 2014, manufactures and sells inverters, uninterruptible power supply products, and servo stabilisers under the SERVOTECH brand name throughout India, Southeast Asia, Africa, Europe, and the Middle East. LED light bulbs, downlights, flood lights, panel lights, tube lights, and bay lights are among the company’s products, as are outdoor lights such as street lights and floodlights under the SAARA brand for residential, industrial, and commercial applications. It also makes and sells solar equipment such as
solar BLDC fans, solar house lighting systems, solar PWM and MPPT charge controllers, and solar pump controllers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Servotech Power Systems Ltd |
| Phone number | +91 11 41117657-60 |
| Email ID | servotech@servotechindia.com |
| Website | www.servotech.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
