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Servotech Power Systems Ltd IPO (Servotech Power IPO) Detail

August 9, 2017 - August 14, 2017

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.

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 Size4,880,000 shares
(aggregating up to ₹15.13 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Servotech Power IPO Reservation

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 Offered2,440,000 (50.00%)
Retail Shares Offered2,440,000 (50.00%)
Total Shares Offered4,880,000 (100%)

Servotech Power IPO Lot Size

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

About Servotech Power Systems Ltd

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.

Objects of the Issue (Servotech Power IPO Objectives)

The object of the issue are:

1. To meet the working capital requirements of the Company
2. General Corporate Purpose
3. Issue Expenses

Servotech Power IPO Review (Apply)

[Dilip Davda]  Although issue appears fully priced, considering prospects for LED segment, investors may consider for medium to long term investment. Read detail review...


Servotech Power IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other
Retail
Total

Servotech Power IPO Prospectus

Servotech Power IPO Rating

97
3.8
Rating:Rated 3.8 stars
Vote Here ...

Servotech Power IPO Listing Details

Listing Date August 24, 2017
BSE Script Code
NSE Symbol SERVOTECH
ISIN INE782X01017
Final Issue Price ₹31 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹31.00
₹30.70
₹30.70
₹32.00
₹31.85

Check IPO Performance…

Servotech Power Systems Ltd Contact Details

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

Servotech Power IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Servotech Power IPO - Buy or Not

Servotech Power IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Servotech Power IPO FAQs

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.

The Servotech Power IPO listing date is on August 24, 2017.
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Servotech Power IPO Message Board

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85 Comments

37. Prakash h.jagad |   Link |  Bookmark |September 20, 2017 9:05:28 AM
Bap nikala
Thanks for good advice
36. STOCKT |   Link |  Bookmark |August 21, 2017 9:26:26 PM
Guys do remember

Servotech and geekay wires will be listing in few days.
we will observer them on that day and everyone will get answer.

Servotech client list is not even included in their website
now compare this with Geekay wires. bluchip names like powergrid,larsen and toubro,Godrej,BHEL
tHIS ITSELF PROVES THE QUALITY OF COMPARISION BETWEEN BOTH COMPANIES.

PLEASE VISIT BOT THEIR WEBSITE AND U WILL KNOW THE DIFFERENCE
SO AS I SAY DONT GO BY ANY FAULTY PEOPLE COMMENTS AND CHECK THE BUSINESS ITSELF



36.10. STOCKT |   Link |  Bookmark |August 25, 2017 2:47:39 AM
WHAT WAS THE ANSWER. THERE IS NO GAIN AT ALL.
36.11. STOCKT |   Link |  Bookmark |August 25, 2017 2:49:47 AM
BOTH LISTED AT APPROXIMATE SAME ISSUE PRICE. GEEKAY NEVER WENT BELOW ISSUE PRICE
SERVOTECH WENT BELOW ISSUE PRICE .

IN LONG RUN DEFINTELY GEEKEY WILL GIVE GAINS
35. Ficpl |   Link |  Bookmark |August 24, 2017 3:02:55 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Sold 1 out of 2 Lots allotted to me today will hold one lot for long term. For this one lot also my actual capital is 17000 Rs only so better to hold that now onward.
34. Friendly |   Link |  Bookmark |August 23, 2017 2:51:22 PM
Guys..Cheers.
Recd Allotment of 1 lot in Servotech Power...
34.1. Baskaran |   Link |  Bookmark |August 23, 2017 5:02:03 PM
Be happy.
33. Dhruv Unadkat |   Link |  Bookmark |August 22, 2017 11:01:07 AM
Thank god.
My application automatically cancelled by Bigshare.
33.1. STOCKT |   Link |  Bookmark |August 22, 2017 4:10:24 PM
good Job.
32. STOCKT |   Link |  Bookmark |August 21, 2017 10:40:21 PM
Everyone please read satya comments he mention geekay wires have not mention their clients in prospectus. All their clients are mention in page 90 of prospectus. Tumhara naam ab se satya ki jagah joothaa. U made a fool of urself and proving urself incorrect .
31. STOCKT |   Link |  Bookmark |August 21, 2017 10:19:05 PM
Guys Servotech is in LED and similar business mIC electronics is doing very badly.
sell this immediately to avoid huge losses.
31.2. satya |   Link |  Bookmark |August 21, 2017 10:30:29 PM
MiC LED are selling only LEDs.. and revenue and profits are declining. but Servotech is selling solar based LEDS with 5 years warranty. thats why they are able to sell to many organizations. King is king always...
31.3. STOCKT |   Link |  Bookmark |August 21, 2017 10:35:12 PM
Hahah client they don''t have a single client. Their site itself has some bad copy paste pictures ,just before coming with ipo they increased their profits and fudge the data. Sorry to say ur comments doesn''t matter. Geeky wires will have good listing and servo tech will go below issue price on listing with huge sellers
30. STOCKT |   Link |  Bookmark |August 21, 2017 10:10:23 PM
Mic electronics in LED business is now available at 7 rs only and been hammered.
servotech will have huge selling as the business is not trustworthy.
they have no clients at all whom they can sell their products.
29. STOCKT |   Link |  Bookmark |August 21, 2017 10:09:07 PM
BharaT ropes wires is ruling at 250 P/E vs Geekay wires 20 P/E

Geekay wires have put genuine sales and profits. Servotech has manipulated as how come before ipo its bottom line went up . lol

Jigar cables recent listed sme went up from 30 rs to 42 rs now. do yo knw WHY EVEN THOUGH WITH HIGH p/e
iTS BECAUSE ITS BUSINESS IS EXCELLENT

Even an ordinary investor compares the company with its peers. Geekay wires provided in RHP page 64 as its peer as Beekay Steel Industries which is trading at 8pe with organic growth in revenues(20%yoy) where as geekay wires issues shares at 28pe with manipulated accounts. so sell sell sell geekay wires. Its better to book loss before loosing everything.


imple question for Geekay investors:
how does the profit same for fy16 and fy17 despite 20% decline in the revenues. revenues for fy16, fy17 are 80cr, 64cr respectively. but profit remains same as 65L.

one more point. although their revenue from operations decline by 20% for fy17, the interest cost increased from 2.5cr to 3.5cr. but still they show same profit for fy16 and fy17.

It is just 5minutes analysis. waste of time to look into Geekay wires. its my final caution to whoever invested.
28. STOCKT |   Link |  Bookmark |August 21, 2017 10:05:21 PM
Guys MIC electronics in LED is hammerd available at 7 rs only
Servotech will be hammered and with huge selling pressure
27. STOCKT |   Link |  Bookmark |August 21, 2017 7:16:57 PM
Sarthi last ipo which subscribed too heavily total transport has been hammered

this stock will go down . its down and out. sell it immediately on opening to reduce losses
27.5. satya |   Link |  Bookmark |August 21, 2017 8:54:47 PM
StockT,
Please sell Geekay wires asap. otherwise, it will take ages to recover from the loss. very poor fundamentals of the company. and there is huge manipulation I have seen in its accounts.

I can post this in Geekay wires. But people will be panic. I don''t want to create such situation.
27.6. STOCKT |   Link |  Bookmark |August 21, 2017 9:20:49 PM
i am not like u . ur comments doesn''t matter.

do you know Kandoi group of geekay wires. please go and study the management and also their huge client list(its big blue chip companies)
this is what matter and makes big difference
26. satya |   Link |  Bookmark |August 21, 2017 8:38:57 PM
Dear Members,
Here is my list why I support this stock. I don''t blindly invest based on market trend/sentiment. it is my hard earned money. The one who wants to earn from the stocks, will look deep in the company''s fundamentals.
* Vision: PRODUCE GREEN TO LIVE GREEN
* Manufacturing facility: Plot No. 357, Sector 56, Phase- V, EHTP, HSIIDC, Industrial Estate Kundali, Sonipat, Haryana- 131028
+ lease started on August 01, 2015 and will expire on July 31, 2019
* only tamilnadu govt contributed 15cr for fy17. all others are small contracts.
* Bankers: United bank of india, yes bank
+ yes bank very carefully evaluates the borrower before sanctioning loan to SME
+ promoters have given 55.76 cr personal guarantee to arrange working capital
* materials: Battery, Copper, Electrical Wires, Micro Chips, PCB, Photovoltic Cells, Sheet Metal, Transformer
+ import goods value: 10cr, 9cr, 4.5cr. so, no forex dependency
* service warranty amt: 6.75L for fy17 locked in
+ Customers are our first priority
* Products
+ Inverters, UPS and Servo Stablizers
+ residential, industrial, and commercial applications.
+ LED light bulbs, LED downlights, LED flood light, LED panel lights, LED tube lights, LED bay lights, outdoor lights (street lights, floodlights)
+ Solar Products: Solar BLDC Fan, Solar Home Light systems, Solar PWM Charge Controller, Solar MPPT Charge Controller, Solar water pump
* Service
+ supply, installation, commissioning, testing and comprehensive maintenance of upto 5 years of LED products
* Mgmt seen there is huge demand for smart cities initiative. So, they introduced solar LED product. and so far, sold it to tamilnadu govt & other customers of worth 45 cr.
* capacity increased 6 times during last 2 years
+ utilization is 50%. so, still they can expand their business by acquiring new customers
26.1. satya |   Link |  Bookmark |August 21, 2017 8:43:34 PM
I don''t need to talk about Revenues and profits.
* Generally, cashflow stmt reflects if they are really generating cash out of sales. here it is +ve over the years.
* good amount of order book to execute
* very less imports and domestic market only to sell their products... so, no fluctuations due to forex currency
* no manipulation of accounts after considering various ratios.
25. satya |   Link |  Bookmark |August 17, 2017 12:37:45 PM
Dear members,
I''ve analyzed the stock and shown my interest based on the Management disclosure. I''ve applied for this IPO for 2 lots. I will post my analysis here shortly. Then you decide who are investors and who are just barking.. Thanks..
25.5. Baskaran |   Link |  Bookmark |August 18, 2017 12:12:49 PM
Sathya,
Thanks for your reply.
25.6. STOCKT |   Link |  Bookmark |August 18, 2017 5:56:04 PM
u both can thank each other when stock will be at discount.
24. STOCKT |   Link |  Bookmark |August 15, 2017 5:08:43 PM
Bad sme. Anything with name of power I anyway avoid . Also.look at their website products.looks like a local company with no finished products .also this business is not understood as they have too differentiated products and can be very very risky. Their rating too is lowest given which means which too is risky. Stay away.
24.7. satya |   Link |  Bookmark |August 17, 2017 12:35:35 PM
Don''t insult people based on their name. It shows your character. you don''t have basic humanity. God will punish you for sure.
24.8. STOCKT |   Link |  Bookmark |August 17, 2017 1:32:53 PM
God has already punished u as u r an insult in urself. U don''t have guts to accept fact that a4 rating is as risky rating. Don''t try to fool people by saying long term or short term debt. The rating us bad full stop.if it was good why not given it a1 etc. By the way u r liar when u say sme have not gone for rating. For your information perfect infra was assigned excellent rating from crisil still it went below issue price and stayed there for 2 years. Don''t u worry u will have answer to this stock very soon on listing
23. STOCKT |   Link |  Bookmark |August 17, 2017 11:40:50 AM
Admin plz block satya. These kind of language is not suited. They are highly in tolerant towards their share and target individual but using such heap language
.please check his previous post and ban his account
22. satya |   Link |  Bookmark |August 17, 2017 9:05:54 AM
Admin,
please don''t give badges based on like & posts. consider dis-likes and their behaviour also. it is better to include dislikes/report abuse after their badges. so, please would be aware of the behaviour of the person''s posts.
22.1. STOCKT |   Link |  Bookmark |August 17, 2017 11:36:55 AM
First gain soke knowledge. I have got likes because of my accuracy which u can never get
22.2. STOCKT |   Link |  Bookmark |August 17, 2017 11:37:01 AM
First gain some knowledge. I have got likes because of my accuracy which u can never get
21. STOCKT |   Link |  Bookmark |August 16, 2017 9:54:45 PM
CARE A4      Instruments with this rating are considered to have minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default.


IT HAS THE WORST RATING. I HAVE VISITED THE MANUFACTURING SIT AS WELL AND DID NOT LIKE IT ALL AND HENCE DONT FIND ANY REASON TO INVEST

iNSTEAD I HAVE GONE AND APPLIED GEEKAY WIRES WHICH I AM POSITIVE FOR LONG TERM ONLY.
21.1. satya |   Link |  Bookmark |August 17, 2017 9:00:10 AM
why you are not talking about BB rating for the same debenture given by Care... can you explain it(I already explained it). your views are biased. you invested in geekay and giving positive views. and not invested in this so, giving negative views.

Please behave as honest person. otherwise, you pay price.
20. Prakash Baheti |   Link |  Bookmark |August 16, 2017 12:48:06 PM
No message received from nsdl side submitted applications yet
19. TOPS |   Link |  Bookmark |August 12, 2017 5:51:29 PM
CAUTION

please read Business Risks/ Company specific Risk given in RHP page no 20 before applying as it is delhi based company
19.1. Baskaran |   Link |  Bookmark |August 15, 2017 4:13:49 PM
Sir,
Lexus and servo tech is good ipo. I cant understand your message please explian me.
18. Dhruv Unadkat |   Link |  Bookmark |August 15, 2017 10:05:06 AM
Why no one reacting to this ipo??