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

Particulars	Details
IPO Date	7 July 2025 to 9 July 2025
Listing Date	14 July 2025
Face Value	₹10 per share
Issue Price Band	₹100 per share
Lot Size	1,200 Shares
Total Issue Size	50,00,400 shares (₹50.00 Cr)
Fresh Issue	40,00,800 shares (₹40.00 Cr)*
Offer for Sale	9,99,600 shares (₹10.00 Cr)
Issue Type	Fixed Price IPO
Listing At	NSE SME
Share Holding Pre Issue	1,50,00,000 shares
Share Holding Post Issue	1,90,00,800 shares
Market Maker Portion	2,50,800 shares

Smarten Power Systems IPO Reservation

Investor Category	Shares Offered
Market Maker	2,50,800 (5.02%)
NII (HNI)	23,74,800 (47.49%)
Retail	23,74,800 (47.49%)
Total	50,00,400 (100%)

Smarten Power Systems IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1,200	₹1,20,000
Retail (Max)	1	1,200	₹1,20,000
HNI (Min)	2	2,400	₹2,40,000

Smarten Power Systems IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	91.67%
Post-Issue	67.10%

Smarten Power Systems IPO Valuation Overview

KPI	Value
EPS (Pre-Issue)	₹8.51
EPS (Post-Issue)	₹6.72
Price/Earnings (P/E)	11.75
Return on Net Worth	33.14%
Net Asset Value (NAV)	₹25.69
Return on Equity	39.72%
Return on Capital Employed (ROCE)	32.58%
EBITDA Margin	8.39%
PAT Margin	6.28%
Debt to Equity Ratio	0.43

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)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	97.24	79.28	76.01
Revenue	203.20	198.73	186.06
Profit After Tax	12.77	11.29	5.16
Reserves & Surplus	23.54	24.77	13.48
Total Borrowings	16.59	6.68	4.13