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Servotech Power Systems Ltd IPO (SPSL IPO) Details

Servotech Power Systems Ltd IPO (SPSL IPO) Details:

Servotech Power Systems Ltd primarily 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.

The company also offers light emitting diode (LED) products, including 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.

The company was incorporated in 2004 and is based in New Delhi, India.

Objects of the Issue:

The objects of the Issue are: –

  1. To meet the working capital requirements of the Company.
  2. General Corporate Purpose.
  3. Issue Expenses.
Servotech Power Systems Ltd IPO (SPSL IPO) Details:
  1. Issue Open: August 09, 2017 – August 14, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 48,80,000 Equity Shares of Rs 10 aggregating up to Rs 15.13 Cr
  5. Issue Price: Rs 31 Per Equity Share
  6. Market Lot: 4000 Shares
  7. Minimum Order Quantity: 4000 Shares
  8. Listing At: NSE SME

Book Running Lead Manager:

Unit No. 411, 4th Floor, Pratap Bhawan,
5, Bahadurshah Zafar Marg, New Delhi – 110002
Tel: (011) 23739425/26/27 Fax: (011) 23739424
Investor Grievance Email:


E-2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (East), Mumbai- 400072, Maharashtra
Tel: (022) 40430200 Fax: (022) 28475207

Red Herring Prospectus (RHP) Of Servotech Power Systems Ltd IPO (SPSL IPO):

Servotech Power Systems Ltd (SPSL) IPO Prospectus

Servotech Power Systems Ltd IPO (SPSL IPO) Grey Market Premium (GMP):

Grey Market Premium (GMP) of Servotech Power Systems Ltd IPO (SPSL IPO) is not active as of now.

Servotech Power Systems Ltd IPO (SPSL IPO) Allotment Status:

To Check Servotech Power Systems Ltd (SPSL) IPO Allotment Status : Click Here

  1. Select Servotech Power Systems Ltd IPO (SPSL IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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Au Financiers Ltd (AUFL) IPO also able to list successfully and gave its investors over 51% listing gains.

While Salasar Techno Engineering Ltd IPO (STEL IPO) lists at over 150% gain on first day itself.

Security and Intelligence Services Ltd IPO (SIS IPO) is going to hit market from July 31, 2017 – August 02, 2017. While Cochin Shipyard Ltd IPO (CSL IPO) is also going to hit market from August 01, 2017 – August 03, 2017.

Cochin Shipyard IPO Grey Market Premium (GMP) is trading at Rs 180 – Rs 182 per equity share. While Security and Intelligence Services IPO Grey Market Premium is trading at Rs 55 – Rs 57 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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