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 promoters of the company are:
1. Mr. Raman Bhatia and
2. Ms. Sarika Bhatia
The object of the issue are:
1. To meet the working capital requirements of the Company
2. General Corporate Purpose
3. Issue Expenses
»» Issue Open: Aug 9, 2017 - Aug 14, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 4,880,000 Equity Shares of Rs 10 aggregating up to Rs 15.13 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 31 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||2,440,000||2,440,000||4,880,000|
|Day 1 - Aug 9, 2017 17:00 IST||0||0||144,000||144,000|
|Day 2 - Aug 10, 2017 17:00 IST||0||0||772,000||772,000|
|Day 3 - Aug 11, 2017 17:00 IST||0||36,000||1,108,000||1,144,000|
|Day 4 - Aug 14, 2017 17:00 IST||0||4,272,000||2,696,000||6,968,000|
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