Smarten Power Systems Limited IPO

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Smarten Power Systems Limited IPO

Smarten Power Systems Limited is specializes in designing and assembling power backup and advanced solar energy products, including home UPS systems, solar inverters, PCUs, and charge controllers. It also trades in solar panels and batteries. Products are distributed across India through a robust distributor network, with exports—excluding solar panels—reaching over 18 countries in the Middle East, Africa, and South Asia. With operations spanning 23 Indian states and 2 union territories, the company has established a strong domestic and international presence in the renewable energy sector.

Price Band

₹100

Dates

07 Jul - 09 Jul

GMP

₹2 (2.00%)
Subscriptions

5.54 times

Issue Size

₹50.00 Crs
Smarten Power Systems IPO Key Dates
Opening Date

07 Jul 25

Closing Date

09 Jul 25

Basis Of Allotment

10 Jul 25

Initiations Of Refund

11 Jul 25

Credit Of Shares

11 Jul 25

Listing Date

14 Jul 25

Smarten Power Systems IPO Objects

  1. Purchase of movable assets of the production line of battery manufacturing unit
  2. To meet the working capital requirements
  3. Repayment in full or in part, of our outstanding borrowings
  4. Funding capital expenditure requirements
  5. General corporate purposes

Smarten Power Systems IPO Details
Price Band

₹100

Listing At

NSE SME
IPO Issue Type

Fixed Price
Fresh Issue

₹40.01 Cr (0.40 Cr Shares)
Offer For Sale

₹10.00 Cr (0.10 Cr Shares)
Total Issue

₹50.00 Cr (0.50 Cr Shares)
Face Value

₹10 per equity share
Smarten Power Systems IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 2 2,400 2,40,000
Maximum 2 2,400 2,40,000
Small HNI
Minimum 3 3,600 3,60,000
Maximum 8 9,600 9,60,000
Big HNI
Minimum 9 10,800 10,80,000
Smarten Power Systems IPO Subscription

Updated as on 09-Jul-2025 19:00:12 hrs

Investor Category Subscription (times) Shares Offered Shared Bid
Retail 4.66 23,74,800 1,10,78,400
Others 6.41 23,74,800 1,52,24,400
Total 5.54 47,49,600 2,63,02,800
Smarten Power Systems IPO GMP

The estimated Grey Market Premium of Smarten Power Systems IPO is ₹2 per share (2.00%)

Category Allocation
Particulars Allocation
Retail Not more than 50% of Net Offer
Other Not more than 50% of Net Offer
Market Maker 2,50,800 EQ Shares
Smarten Power Systems IPO Financials

(Rs. in crores)

Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 201.75 195.20 179.93
Profit after Tax 12.77 11.29 5.16
Net Worth 38.54 25.77 14.48
Total Borrowing 16.59 6.68 4.13
Total Assets 97.24 79.28 76.01
NAV per share (in ₹) 25.69 17.18 9.86
EPS - Basic (in ₹) 8.51 7.53 7.53

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI Values
EBITDA 8.39%
PAT 6.28%
ROE 39.72%
ROCE 32.58%
Debt to Equity 0.43
PE Ratio 11.75
PB Ratio 3.89
Mkt Cap (in Crs.) 190.01
  • All Ratios are based on Mar 25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Smarten Power Systems IPO Peer Comparision

(Rs. in crores)

Particulars Smarten Power Systems GP Eco Solutions Sungarner Energies
Revenue from Ops (in Crs.) 201.75 246.43 33.49
PAT (In Crs.) 12.77 10.36 1.73
EPS - Basic 8.51 8.85 7.45
NAV per share 25.69 55.36 48.46
RONW 33.14% 15.99% 15.36%
EBITDA 8.39% 6.44% 11.20%
PAT Margin 6.28% 4.19% 5.13%
Price to earning (PE) 11.75 42.26 40.81
Debt to Equity 0.43 0.51 1.28
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 09,2025 for Peers
Smarten Power Systems IPO Peer Comparision

(Rs. in crores)

Particulars Smarten Power Systems
Revenue from Ops (in Crs.) 201.75
PAT (In Crs.) 12.77
EPS - Basic 8.51
NAV per share 25.69
RONW 33.14%
EBITDA 8.39%
PAT Margin 6.28%
Price to earning (PE) 11.75
Debt to Equity 0.43
GP Eco Solutions Sungarner Energies
246.43 33.49
10.36 1.73
8.85 7.45
55.36 48.46
15.99% 15.36%
6.44% 11.20%
4.19% 5.13%
42.26 40.81
0.51 1.28
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 09,2025 for Peers
Promoter Details
Name Shareholding
Arun Bhardwaj 24.44%
Rajnish Sharma 24.44%
Ravi Dutt 24.44%
Tirath Khaira 18.34%
Total 91.67%
Management Details
Name Designation
Arun Bhardwaj MD
Rajnish Sharma CEO
Tejas Karhadkar Chairman
Rahul Sharma CFO
Company Details

Name: Smarten Power Systems Limited

Address: 374, 1st Floor Pace City-2, Sector - 37, Gurgaon, Haryana- 122001

Number: 0124-2210651

Email: cs@smartenpowersystems.com

Website: www.smartenpowersystems.com

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Smarten Power Systems IPO is a SME IPO having an issue size of Rs. ₹50.00 Crs. Smarten Power Systems IPO is priced at ₹100 - ₹100 per share. The issue opens on 07 Jul 25 and closes on 09 Jul 25.

Smarten Power Systems IPO opens on 07 Jul 25 and closes on 09 Jul 25.

The estimated Grey Market Premium of Smarten Power Systems IPO is ₹2 per share (2.00%).

The minimum lot size of Smarten Power Systems IPO is 1200 shares & the minimum application amount is Rs. 120000.

The allotment date of Smarten Power Systems IPO is 10 Jul 25.

The listing date of Smarten Power Systems IPO is 14 Jul 25.

Smarten Power Systems IPO is subscribed 5.54 times.

Smarten Power Systems IPO is priced at ₹100 - ₹100 per share.

Click the allotment link on Smarten Power Systems IPO page of IPO360.

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  5. Approve the UPI Mandate on your UPI app

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  3. Select Smarten Power Systems IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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