Servotech Power Systems Limited - SME IPO

Company Profile:

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's 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.

 

Servotech Power Systems Limited - SME IPO

 Issue Open

 Aug 09, 2017 - Aug 14, 2017. 

 Issue Price  Rs.31 Per Equity Share
 Market Lot  4000 Shares 
 Minimum Order  Quantity  4000 Shares 
 Issue Size  4,880,000 Equity Shares of Rs 10 aggregating up to Rs 15.13 Cr 
 Face Value  Rs 10/-
 Listing At  NSE SME


Company Promoters:

The promoters of the company are:

1. Mr. Raman Bhatia and

2. Ms. Sarika Bhatia


Objects of the Issue:

1. To meet the working capital requirements of the Company

2. General Corporate Purpose

3. Issue related expenses

 

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