Servotech Power Systems IPO
Servotech Power Systems used to manufacture Inverters, UPS and Servo Stablizers under the brand name “SERVOTECH” but started production of LED products in the year 2011. It is selling LED products under the brand “SAARA”. The company manufactures energy efficient luminaries for residential, industrial, and commercial applications. Its products include LED light bulbs, LED downlights, LED flood light, LED panel lights, LED tube lights, LED bay lights, outdoor lights (street lights, floodlights).
It is also a 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’s entire range of products is fabricated at its manufacturing unit that is spread over an area of 1000 square meter and is equipped with latest machines.
Most of its contracts for LED products are awarded on tender basis. The company bids for various government agencies/corporations/corporates via open tenders. Its customer base includes Tamil Nadu Energy Development Agency, Indian Oil Corporation Limited, Energy Efficiency Services Limited, Bharat Petroleum Corporation Limited, National Small Industries Corporation Limited.
Promoters of Servotech Power Systems – Raman Bhatia and Sarika Bhatia
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Servotech Power Systems IPO details |
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| Subscription Dates | 9 – 14 August 2017 |
| IPO Price band | INR31 per share |
| Fresh issue | 4,880,000 shares (INR15.12 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,880,000 shares (INR15.12 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Servotech Power Systems’ financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 26.3 | 33.9 | 32.2 | 51.7 | 83.2 | |
| Total expenses | 25.7 | 32.7 | 30.9 | 49.8 | 75.6 | |
| Profit after tax | 0.3 | 0.8 | 0.8 | 11.7 | 5.1 | |
Servotech Power Systems
806, 8th Floor, Crown Heights, Hotel Crown Plaza
Sector 10, Rohini,
New Delhi- 110085
Phone: +91 11 41117657-60
Email: [email protected]
Website: www.servotechindia.in
| Day |
Subscription (no. of times) |
| Day 1 | 0.03 |
| Day 2 | 0.16 |
| Day 3 | 0.23 |
| Day 4 | 1.43 |
Earnings Per Share (EPS): INR4.94
Price/Earnings (P/E) ratio: 6.28
Return on Net Worth (RONW): 38.5%
Net Asset Value (NAV): INR12.83 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Servotech Power Systems IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 9 August 2017
IPO Closing Date: 14 August 2017
Listing Date: 24 August 2017
Listing Price on NSE SME: INR30.70 per share (down 0.97% from IPO price)
Closing Price on NSE SME: INR31.85 per share (up 2.74% from IPO price)
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