Smarten Power Systems IPO Details
The Smarten Power Systems IPO is a fixed price issue with a total issue size of ₹50 cr, comprising of fresh issue of 3750000 equity shares., and a offer for sale of 999600 equity shares. Smarten Power Systems IPO opened for subscription on Jul 07, 2025 and closed on Jul 09, 2025. Smarten Power Systems IPO has set the price at ₹100 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹240,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 10, 2025, and listed on the NSE on Jul 14, 2025.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Arihant Capital Markets Ltd are the Book Running Lead Manager for the issue.
Before investing in the Smarten Power Systems IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 100 – 100
- Lot Size
- 1200
- Issue Size
- ₹50 Cr
- Minimum Investment
- ₹240000 (2400 Shares)
- Listing Date
- 14 July 2025
Current GMP
₹15 (+15.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Smarten Power Systems Limited
Smarten Power Systems Limited is an Indian company engaged in designing, assembling, and trading power backup and solar energy products, including:
- Home UPS systems
- Solar inverters
- Solar power conditioning units (PCUs)
- Solar charge controllers
- Solar panels and batteries (trading)
Smarten exports all products except solar panels, with 76.41% revenue from domestic sales and 23.59% from exports.
History & Corporate Structure
- Incorporated: July 30, 2014, as Smarten Power Systems Private Limited (CIN: U31401HR2014PLC052897)
- Converted to public limited company: November 20, 2024
- Registered Office: 374, 1st Floor, Pace City-2, Sector 37, Gurgaon, Haryana – 122001
Mission & Vision
Smarten aims to promote sustainable energy using innovative and affordable renewable energy solutions. With its slogan “Fusion is the Future”, the company emphasizes solar energy as a key driver of growth in both domestic and international markets, especially in developing regions.
Markets Served
- Domestic: Operations in 23 states and 2 union territories
- International: Exports to over 18 countries, including the Middle East, Africa, and South Asia
Product Range
- Home UPS systems
- Solar inverters and PCUs
- Solar charge controllers
- Solar panels and batteries (traded, not manufactured)
Products are sold under Smarten’s own brand and patents, catering to both residential and commercial segments.
Infrastructure
Current Facilities:
- Registered Office (Gurgaon): 4,843 sq. ft. – back-end operations
- Assembly Unit (Gurgaon): 22,500 sq. ft. – production, R&D, QA, operations
- Warehouse (Gurugram): 16,000 sq. ft. – logistics and dispatch
Proposed Expansion:
- Manufacturing Unit (Jhajjar, Haryana): 41,903 sq. ft. at Model Economic Township (MET)
- Located near KMP Expressway and Delhi-Mumbai Industrial Corridor
- Expected operational timeline: Fiscal 2025–2026
- Designed for enhanced production, R&D, and storage capacity
- Asset Acquisition:
- Entered into an agreement (Sept 19, 2024) with Su-Urja Solar Systems Pvt. Ltd.
- Acquired movable assets of a battery manufacturing unit in Baddi, Himachal Pradesh
- Property area: 32,234.40 sq. ft.
- Purchase value: ₹418.90 Lakhs (incl. GST)
Production Capacity
- Current Output: ~600 units/day
- Post-Expansion Target: ~1,200 units/day
- Flexible production capacity for low, medium, and high-capacity energy systems.
Key Strengths
- Strong in-house R&D and product innovation
- Flexible and scalable manufacturing
- Focus on quality assurance and application-specific product development
- Products designed to meet the diverse needs of households and commercial solar projects
- Operates under own brand and registered patents
Smarten Power Systems IPO Promoters
- Arun Bhardwaj
- Rajnish Sharma
- Ravi Dutt
- Tirath Singh Khaira
Promoters Holding
Holding Pre Issue
91.67%
Holding Post Issue
67.10%
Smarten Power Systems IPO Objective
The Company Smarten Power Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase of movable assets of the production line of battery manufacturing unit
- To meet the working capital requirements
- Repayment in full or in part, of the outstanding borrowings
- Funding capital expenditure requirements
- General corporate purposes
Address / Contact Info
Smarten Power Systems Limited
374, 1st Floor Pace City-2
Sector - 37, Gurgaon,
Haryana, 122001
Phone: 0124-2210651
Email: cs@smartenpowersystems.com
Website: http://www.smartenpowersystems.com/
IPO Snapshot
Book Running Lead Managers
- Arihant Capital Markets Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Smarten Power Systems IPO is a Fixed price IPO with a total issue size of ₹50 crore. The Smarten Power Systems IPO price band is ₹100 to 100 per share. The Smarten Power Systems IPO subscription opens on Mon, Jul 7, 2025, and closes on Wed, Jul 9, 2025. The Smarten Power Systems IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Smarten Power Systems IPO.
The Smarten Power Systems IPO opens on Mon, Jul 7, 2025 and closes on Wed, Jul 9, 2025
Smarten Power Systems IPO Price Band is ₹100 to 100 per share.
Smarten Power Systems IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
The minimum investment for Smarten Power Systems IPO is ₹240000, based on one lot of 1200 shares at the upper price band of ₹100 per share.
Investors can apply for the Smarten Power Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 9, 2025. The application amount remains blocked until the Smarten Power Systems IPO allotment is finalized.
Smarten Power Systems IPO issue size is ₹50 crores.
Smarten Power Systems IPO allotment date is Wed, Jul 1, 2026.
The registrar for Smarten Power Systems IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Smarten Power Systems IPO allotment status, refund processing, and other IPO-related information.
The Smarten Power Systems IPO GMP (Grey Market Premium) is ₹15 as of Mon, Jul 14, 2025. Based on the upper price band of ₹100 per share, the estimated Smarten Power Systems IPO listing price is ₹115, indicating a potential listing gain of approximately 0% over the issue price.