Smarten Power Systems IPO Subscribed 5.51 Times on Final Day

Smarten Power Systems' initial public offering (IPO) has demonstrated solid investor demand through its third and final day of subscription, with Smarten Power Systems' stock price set at ₹100 per share reflecting positive market reception. The ₹50.00 crore IPO reached 5.51 times by 5:09:59 PM on day three, indicating reasonable investor interest in this power backup and solar products company incorporated in 2014.

Smarten Power Systems IPO non-institutional investors segment leads with strong 6.31 times subscription, whilst individual investors demonstrate solid participation at 4.66 times, reflecting positive investor confidence in this company designing and assembling power backup and solar products.

Smarten Power Systems IPO subscription reached a solid 5.51 times on day three, led by NII (6.31x) and Individual Investors (4.66x). Total applications reached 5,771.

Subscription Status of Smarten Power Systems IPO:

Here are the subscription details for Smarten Power Systems IPO as of Day 3 (July 9, 2025, 5:09:59 PM):

Key Highlights - Day 3: 

• Overall subscription reaching a solid 5.51 times, a significant surge from day two's 0.91 times
• NII segment leading with strong demand at 6.31 times, dramatically increasing from day two's 1.13 times
• Individual investors demonstrating solid participation at 4.66 times, substantially building from day two's 0.68 times
• The final day witnessed strong participation across both investor categories driving overall subscription performance
• Total applications reached 5,771, indicating focused investor participation for this SME IPO
• The cumulative bid amount reached ₹261.74 crores against the issue size of ₹50.00 crores

Smarten Power Systems IPO - Day 2 Subscription at 0.91 Times

Key Highlights - Day 2:

• Overall subscription improving to 0.91 times from day one's 0.11 times
• NII segment showing solid growth at 1.13 times, building from day one's 0.00 times
• Individual investors demonstrating steady progress at 0.68 times, building from day one's 0.22 times
• Day two demonstrated building confidence across categories ahead of the strong final day performance

Smarten Power Systems IPO - Day 1 Subscription at 0.11 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.11 times, showing modest initial investor interest
• Individual investors leading early participation at 0.22 times, indicating measured confidence
• NII segment demonstrating no participation at 0.00 times, indicating reserved high-net-worth sentiment
• Opening day demonstrated limited initial engagement with minimal institutional response

About Smarten Power Systems Limited

Incorporated in 2014, Smarten Power Systems Limited designs and assembles power backup and solar products including Home UPS systems, solar inverters, power conditioning units, and charge controllers whilst trading solar panels and batteries under the SMARTEN brand. The company operates across 23 states and two union territories in India with global presence in 17 countries including Middle East, Africa, and South Asia, maintaining a portfolio of 372 SKUs across six categories through a network of 382 distributors and 52 service centers, employing 252 personnel as of May 2025.

Financial performance shows modest growth with revenue increasing 2% from ₹198.73 crores in FY2024 to ₹203.20 crores in FY2025, whilst profit after tax rose 13% to ₹12.77 crores. The company maintains strong profitability metrics with 39.72% ROE, 32.58% ROCE, 6.28% PAT margin, moderate debt-to-equity ratio of 0.43, and market capitalisation of ₹190.01 crores.