Smarten Power Systems IPO

Smarten Power Systems Limited designs and assembles power backup and solar products, including home UPS systems, solar inverters, PCUs, and charge controllers, while also trading in solar panels and inverter batteries. Operating under the SMARTEN brand with a registered patent, the company has a portfolio of 372 SKUs across six categories. It serves 23 Indian states, two union territories, and has a presence in 17 countries, including the Middle East, Africa, and South Asia. The company supports operations through 382 distributors, 52 service centres, and 252 employees as of May 31, 2025.

Smarten Power Systems Limited IPO Overview

Smarten Power Systems Limited IPO is a fixed price issue amounting to ₹50.00 crore. It comprises a fresh issue of 40.01 lakh shares worth ₹40.01 crore and an offer for sale of 10.00 lakh shares aggregating ₹10.00 crore. The IPO will open for subscription on July 7, 2025, and close on July 9, 2025. Allotment is likely to be finalised on July 10, 2025, with listing on NSE SME scheduled for July 14, 2025. Priced at ₹100 per share, the lot size is 1,200 shares. Arihant Capital Markets Ltd is the book-running lead manager, Maashitla Securities Private Limited is the registrar, and Arihant also acts as the market maker.

Smarten Power Systems Limited IPO Details

Smarten Power Systems IPO Reservation

Smarten Power Systems IPO Lot Size

Smarten Power Systems IPO Promoter Holding

Smarten Power Systems IPO Valuation Overview

Objectives of the Proceeds

• Purchase assets for battery unit production line – ₹4.19 crore

• Meet working capital requirements of the company – ₹22.00 crore

• Repay outstanding borrowings partially or fully – ₹0.95 crore

• Fund capital expenditure for infrastructure and operations – ₹4.46 crore

• General corporate purposes for business expansion – ₹4.70 crore

Key Financials (in ₹ Crore)