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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Working Capital Requirements | ₹12 |
| General Corporate Purpose | ₹2 |
| Issue Expenses | ₹1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,290,000 (47%) | — |
| Retail (RII) | — | 2,290,000 (47%) | — |
| Market Maker | — | 300,000 (6%) | — |
| Total | — | 4,880,000 (100%) | — |
* Amount calculated at upper price band (₹31) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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