Smarten Power Systems Limited IPO

Smarten Power Systems Limited IPO

SME NSE SME Fixed Price
Closed

Price Band

₹100

Total Issue

₹50.00 Cr

Bid Dates

07 Jul - 09 Jul

Subscription

5.54x

Est. GMP

₹2 (2.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Smarten Power Systems IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,40,000
Individual (Max) 2 2,400 ₹2,40,000
Others (Min) 3 3,600 ₹3,60,000
Market Maker
2,50,800 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹50.00 Cr
Fresh Issue
₹40.01 Cr (0.40 Cr Shares)
Offer For Sale
₹10.00 Cr (0.10 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹2
Est. Price ₹102
Est. Gain 2.00%

Smarten Power Systems IPO Peer Comparison

(Rs. in crores)

Smarten Power Systems IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Smarten Power Systems IPO
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

KPIs

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.

Shareholding

Promoter

91.67%

Public

8.33%

Arun Bhardwaj 24.44%
Rajnish Sharma 24.44%
Ravi Dutt 24.44%
Tirath Khaira 18.34%

Management

Arun Bhardwaj MD
Rajnish Sharma CEO
Tejas Karhadkar Chairman
Rahul Sharma CFO

Registrar & Lead Managers

Registrar

Maashitla Securities

Maashitla Securities

Lead Managers (1)

Arihant Capital Arihant Capital

Subscription Status

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

Category Sub (x) Offered Bids
Individual Investor 4.66x 23,74,800 1,10,78,400
Others 6.31x 23,74,800 1,49,73,600
Total 5.49x 47,49,600 2,60,52,000

Frequently Asked Questions

What is Smarten Power Systems IPO?
Smarten Power Systems IPO is a SME IPO having an issue size of ₹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.
When will Smarten Power Systems IPO open?
Smarten Power Systems IPO opens on 07 Jul 25 and closes on 09 Jul 25.
What is the GMP of Smarten Power Systems IPO?
The estimated Grey Market Premium of Smarten Power Systems IPO is ₹2 per share (2.00%).
What is the lot size of Smarten Power Systems IPO?
The minimum lot size of Smarten Power Systems IPO is 1200 shares & the minimum application amount is Rs. 120000.
When is the allotment of Smarten Power Systems IPO?
The allotment date of Smarten Power Systems IPO is 10 Jul 25.
What is the listing date of Smarten Power Systems IPO?
The listing date of Smarten Power Systems IPO is 14 Jul 25.
What is the subscription of Smarten Power Systems IPO?
Smarten Power Systems IPO is subscribed 5.54 times.
What is the price band of Smarten Power Systems IPO?
Smarten Power Systems IPO is priced at ₹100 - ₹100 per share.
How to check allotment status of Smarten Power Systems IPO?
Click the allotment link on Smarten Power Systems IPO page of IPO360.
How to apply Smarten Power Systems IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Smarten Power Systems IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Smarten Power Systems IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  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