Smarten Power Systems IPO
GMP, Subscription, Price, Dates & Financial Details
Smarten Power Systems Limited is an Indian company engaged in designing, assembling, and trading power backup and solar energy products, including:Home UPS systemsSolar invertersSolar power conditioning units (PCUs)Solar charge controllersSolar panels and batteries (trading)Smarten exports all…
Open Date
Mon, 07 Jul 2025
Close Date
Wed, 09 Jul 2025
Issue Price
₹ 100
Lot Size
1200
Issue Size
₹ 50.00 Cr
Minimum Investment
₹ 240,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Smarten Power Systems IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹50.00 Crore, comprising a fresh issue of 37.50 Lakh equity shares aggregating to ₹37.50 Crore and an offer for sale (OFS) of 10.00 Lakh equity shares aggregating to ₹10.00 Crore by the existing shareholders.
The Smarten Power Systems IPO remained open for subscription from July 07, 2025, to July 09, 2025. The basis of allotment was finalized on July 10, 2025, and the company's shares were listed on NSE SME Platform on July 14, 2025.
The company had fixed the price at ₹100 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Arihant Capital Markets Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Smarten Power Systems Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Smarten Power Systems IPO Timeline (Tentative)
- IPO Open Date
- Mon, 07 Jul 25
- IPO Close Date
- Wed, 09 Jul 25
- Basis of Allotment
- Thu, 10 Jul 25
- Initiation of Refunds
- Fri, 11 Jul 25
- Credit of Shares to Demat
- Fri, 11 Jul 25
- Listing Date
- Mon, 14 Jul 25 — NSE & BSE
Open Date
07 July 2025
Close Date
09 July 2025
Basis Of Allotment
10 July 2025
Listing Date
14 July 2025
IPO Subscription
Check Live Subscription →The Smarten Power Systems IPO has received bids for 1,52,24,400 shares against 23,74,800 shares offered, resulting in an overall subscription of 6.41x. the NII category is subscribed 6.36x, and QIBs 0x.
QIB
0x
NII
6.36x
Total
6.41x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 23,74,800 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 23,74,800 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 2,374,800 | 0% |
| Retail Investors | 2,374,800 | 0% |
| Total | 4,749,601 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 97.24 | 79.28 | 76.01 |
| Revenue | 203.2 | 198.73 | 186.06 |
| Profit After Tax | 12.77 | 11.29 | 5.16 |
| Net Worth | 38.54 | 25.77 | 14.48 |
| Reserve & Surplus | 23.54 | 24.77 | 13.48 |
| Total Borrowings | 16.59 | 6.68 | 4.13 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Smarten Power Systems Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 39.72 |
| ROCE % | 32.58 |
| Debt / Equity | 0.43 |
| RoNW % | 33.14 |
| Pat Margin % | 6.28 |
Peers Comparison
No Peer Comparision Available
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
Smarten Power Systems Limited Address / Contact Details
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
Smarten Power Systems IPO Lot Size
The Smarten Power Systems IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,40,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 240,000.00 |
| Retail (Max) | 2 | 2,400 | 240,000.00 |
| S-HNI (Min) | 3 | 3,600 | 360,000.00 |
| 8 | 9,600 | 960,000.00 | |
| 9 | 10,800 | 1,080,000.00 |
Issue Reservation
Book Running Lead Managers
- Arihant Capital Markets Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Smarten Power Systems 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.
When will the Smarten Power Systems IPO open for subscription?
The Smarten Power Systems IPO opens on Mon, Jul 7, 2025 and closes on Wed, Jul 9, 2025
What is Smarten Power Systems IPO Price Band?
Smarten Power Systems IPO Price Band is ₹100 to 100 per share.
What is Smarten Power Systems IPO Lot Size?
Smarten Power Systems IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Smarten Power Systems IPO?
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.
How to apply for Smarten Power Systems IPO?
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.
What is Smarten Power Systems IPO Issue Size?
Smarten Power Systems IPO issue size is ₹50 crores.
What is the Smarten Power Systems IPO Allotment Date?
Smarten Power Systems IPO allotment date is Thu, Jul 10, 2025.
Who is the Smarten Power Systems IPO Registrar?
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.
What is the Smarten Power Systems IPO GMP?
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 15.00% over the issue price.
Who is the Smarten Power Systems IPO Lead Manager?
The book-running lead managers (BRLMs) for the Smarten Power Systems IPO are Arihant Capital Markets Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Smarten Power Systems IPO Red Herring Prospectus (RHP).