Price band for Smarten Power System IPO
The company has fixed the IPO price at Rs 100 per share.
Latest GMP for Smarten Power System IPO
Ahead of the issue, the company’s unlisted shares were not commanding any premium in the grey market.
Smarten Power System IPO’s listing, allotment and closing date
Smarten Power System IPO will open for public subscription on July 7 and close on July 9. The allotment is expected to be finalized on July 10, and the company’s shares are scheduled to list on July 14 on the NSE SME platform.
Proceeds from IPO
The net proceeds from the IPO will be used for the purchase of movable assets for the battery manufacturing unit, working capital requirements, repayment of borrowings, capital expenditure, and other general corporate purposes.
Smarten Power System IPO lot size
Investors can bid for a minimum of 1,200 shares, requiring an investment of Rs 1.44 lakh for retail investors. For high-net-worth individuals (HNIs), the minimum application is 3 lots (3,600 shares), amounting to Rs 3.60 lakh.
Smarten Power System, incorporated in 2014, is engaged in the design and assembly of power backup and solar energy products. Its offerings span home UPS systems, solar inverters, solar panels, batteries, solar charge controllers, and PCUs, with a total of 372 SKUs.
The company operates under the SMARTEN brand and has a wide domestic footprint across 23 states and 2 union territories, along with an international presence in 17 countries, including those in Africa, the Middle East, and South Asia.
Smarten Power has a network of 382 distributors and 52 service centers, and is certified with ISO 9001:2015 and ISO 14001:2015, reflecting its commitment to quality and sustainability.
Smarten Power System’s financials
In FY25, the company reported a revenue of Rs 201.75 crore, EBIT of Rs 17.96 crore, and a profit after tax of Rs 12.77 crore.
IPO’s book running lead manager and registrar
The book-running lead manager to the issue is Arihant Capital Markets, and the registrar is Maashitla Securities Private Ltd. The market maker is also Arihant Capital Markets.
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