Servotech Renewable in focus on Monday as Coeus Fund converts warrants
Shares of Servotech Renewable Power System are expected to remain in the spotlight on Monday following a major equity allotment and expansion of its EV charging infrastructure portfolio. The renewable energy firm has converted 10 lakh warrants into equity shares, issued to Coeus Global Opportunities Fund, further strengthening investor confidence.
The company allotted the shares at ₹83.40 per share (₹1 face value + ₹82.40 premium), receiving ₹6.25 crore or 75% of the issue price as upfront payment. This allotment is part of a larger preferential issue of 89 lakh warrants announced in January 2024.
With this move, Coeus Global Opportunities Fund doubled its stake in Servotech from 0.44% to 0.88%, now holding 20 lakh shares. Consequently, the company's paid-up capital increased from ₹22.48 crore to ₹22.58 crore.
Green Energy and EV Infra Drive Growth
Servotech's growth isn't limited to capital infusion. Its subsidiary, Incharz (Servotech EV Infra), recently signed an MoU with Noida Power Company Ltd (NPCL) — a joint venture between the RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority. The deal aims to boost EV charging infrastructure across Greater Noida, targeting corporate campuses, housing societies, commercial spaces, and hospitals.
NPCL will assist by recommending strategic locations and liaising with power distribution companies to accelerate setup and reduce costs. Incharz has already installed EV chargers at two residential complexes as part of the initiative.
Stock Performance
Servotech Renewable has been on a steady upward trajectory:
+21% in the past month
+19% over the last three months
+67% in one year
Massive 2,300% gain over three years, making it a multibagger in the smallcap space
Despite closing slightly lower at ₹147.50 on Friday (down 0.04%) on the NSE, the stock's fundamentals and long-term prospects remain strong due to its active role in India's green energy transition.
Investor Note
With increased institutional interest and a strong pipeline in EV infrastructure, Servotech Renewable Power System is likely to draw heightened attention in the coming trading sessions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
6 hours ago
- Hans India
Servotech Renewable in focus on Monday as Coeus Fund converts warrants
Shares of Servotech Renewable Power System are expected to remain in the spotlight on Monday following a major equity allotment and expansion of its EV charging infrastructure portfolio. The renewable energy firm has converted 10 lakh warrants into equity shares, issued to Coeus Global Opportunities Fund, further strengthening investor confidence. The company allotted the shares at ₹83.40 per share (₹1 face value + ₹82.40 premium), receiving ₹6.25 crore or 75% of the issue price as upfront payment. This allotment is part of a larger preferential issue of 89 lakh warrants announced in January 2024. With this move, Coeus Global Opportunities Fund doubled its stake in Servotech from 0.44% to 0.88%, now holding 20 lakh shares. Consequently, the company's paid-up capital increased from ₹22.48 crore to ₹22.58 crore. Green Energy and EV Infra Drive Growth Servotech's growth isn't limited to capital infusion. Its subsidiary, Incharz (Servotech EV Infra), recently signed an MoU with Noida Power Company Ltd (NPCL) — a joint venture between the RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority. The deal aims to boost EV charging infrastructure across Greater Noida, targeting corporate campuses, housing societies, commercial spaces, and hospitals. NPCL will assist by recommending strategic locations and liaising with power distribution companies to accelerate setup and reduce costs. Incharz has already installed EV chargers at two residential complexes as part of the initiative. Stock Performance Servotech Renewable has been on a steady upward trajectory: +21% in the past month +19% over the last three months +67% in one year Massive 2,300% gain over three years, making it a multibagger in the smallcap space Despite closing slightly lower at ₹147.50 on Friday (down 0.04%) on the NSE, the stock's fundamentals and long-term prospects remain strong due to its active role in India's green energy transition. Investor Note With increased institutional interest and a strong pipeline in EV infrastructure, Servotech Renewable Power System is likely to draw heightened attention in the coming trading sessions.
Mint
9 hours ago
- Mint
NSE to introduce liquidity enhancement scheme for upcoming electricity futures
The National Stock Exchange on Friday in an attempt to increase participation in the upcoming electricity futures contracts announced a liquidity enhancement scheme for the segment. In a circular on June 27, the NSE announced that the enhancement scheme will be effective from July 11. 'NSE is now pleased to introduce LES in Electricity Futures (Monthly Base Load) with effect from July 11, 2025, to encourage active participation and market development,' it said. The exchange — the largest in terms of market share in both derivative and cash segments — in May had received a green signal from the regulators to launch electricity futures contracts. The NSE has been focussing more on the segment, given the demand of power derivatives in the global market. Electricity futures are a financial contract whereby participants can lock the prices of electricity on a particular day for a certain month in the future. People who can trade in this future can include trading member, corporate buyer, generator, trader, or financial institution approved by the SEBI. No actual power is delivered through electricity futures. In its Friday circular, the NSE said that trading members who are interested in providing continuous quotes as Market Makers (MM) are required to register with the exchange. 'The exchange will appoint two Market Makers (MM1 & MM2) for Electricity Futures contract based on a competitive bidding procedure. The successful bidder shall be appointed as MM for a period of 6 months from the date of launch of LES on Electricity Futures,' it said. The interested people must register with the exchange by July 2, it said. In terms of incentives, Market Maker 1 will be eligible for a monthly incentive of ₹ 85 lakh, and Market Maker 2 will get ₹ 45 lakh provided they meet all quoting conditions. NSE specifies four criteria to become a market maker to trade in electricity futures: 1. Net worth of ₹ 5 crore. 2. No serious disciplinary action against the member in the last year. 3. Member should have algo registration in commodity derivatives segment. 4. The member (or group entity) must demonstrate a reasonable understanding, experience in or ownership of assets, companies, customers, or plants in at least one segment of electricity sector value chain, including generation, transmission, distribution, power trading, equipment supply, or Engineering, Procurement and Construction (EPC).
Mint
11 hours ago
- Mint
BMW India launches comprehensive monsoon service campaign for 2025
As the monsoon rains begin to pour across India, BMW Group India is stepping up to ensure its customers enjoy uninterrupted performance and peace of mind during the wet season. The luxury automaker has announced the launch of its BMW Monsoon Service Campaign 2025, which will run across its dealership network from June 15 to November 30, 2025. This extensive initiative covers both BMW and MINI vehicles, aiming to enhance vehicle safety, functionality, and comfort during the rainy months. The BMW Monsoon Service Campaign brings with it a host of complimentary services that are specially designed to address issues commonly triggered by wet and humid conditions. BMW's trained technical experts will conduct a comprehensive inspection of critical vehicle systems, including: Windscreen wipers and washer systems Rain and light sensors for automatic wiper and headlamp activation Alignment of headlamps and fog lights Electrical system and horn functionality Micro filters and weather strips on doors and trunk lid Sunroof seals, drainpipes, and trunk ventilation BMW will also clean the engine control unit box and check the electric plug connections in both the engine bay and underbody. Tyre condition is another major focus, with checks on tread depth, sidewall damage, bulges, and pressure. The brake system and exhaust components will undergo a detailed visual inspection as part of the complimentary care. In line with the brand's growing electric portfolio, BMW is also offering specialized checks for electric vehicles (EVs) and plug-in hybrids. These include inspections of the charging cable, high-voltage charging socket, and vehicle underbody for signs of damage, corrosion, or wear — all critical areas to maintain EV reliability in monsoon conditions. Vikram Pawah, President and CEO of BMW Group India, emphasized the brand's commitment to proactive customer care: 'Our 'Proactive Care' strategy allows us to redefine service by foreseeing your needs ahead of time. The BMW Monsoon Service campaign is specifically designed to equip your vehicle for the challenging monsoon conditions in India.' BMW assures that all inspections will be carried out using advanced diagnostic tools and genuine BMW parts, ensuring top-tier care and optimal vehicle performance. Adding more value to the service campaign, BMW is also rolling out special offers under the 'BMW Joy Rewards' program, especially targeting vehicles that are over five years old. Customers can expect discounts on select services and the option to purchase new BMW accessories, making it the ideal time to upgrade or maintain their vehicles.
