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21 August 2017

IPO Synopsis

Servotech Power Systems Ltd
Registered Office: 806 8th Flr Crown Height,Hotel Crown Plaza Sec.10 Rohi. , New Delhi - 110085 , Delhi , India.
Phone : 91-11-41117657-60   Fax:
Email :  servotech@servotechindia.com  
Website :  www.servotech.in
Public issue of 48,80,000 equity shares of face value of (Rs)10/- each fully paid up of servotech power Systems limited ("Servotech" or the "company" or the "issuer") for cash at a price of (Rs)31/- per equity share (the "issue price") (including a share premium of (Rs)21/- per equity share aggregating (Rs)15.13 crores (the "issue") by the company, of which 3,00,000 equity shares of (Rs)10/- fully paid up each will be reserved for subscription by market maker to the issue ("market maker reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 45,80,000 equity shares of (Rs)10/- each fully paid up is hereinafter referred to as the ônet issueö. The issue and the net issue will constitute 26.65% and 25.01% respectively of the post issue paid up equity share capital of the Company. The Face value of the equity shares is (Rs)10/- each The Issue price is (Rs)31/-. The Issue price is 3.10 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
09-Aug-17 14-Aug-17 (Rs)31.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 15.13
Sarthi Capital Advisors Pvt Ltd
Project Financed through Current Offer 15.13  
Post Issue Equity Share Capital 18.31  
Issue Price (Rs)31.00  
 
Projects
Working capital requirementsGeneral corporate purpose
Promoted By
Raman Bhatia  
Sarika Bhatia  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
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