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Smarten Power Systems IPO

  • Status: Closed
  • RHP:
  • ₹ 240,000 / 2400 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Jul 2025

  • Listing Price

    ₹ 144.00

  • Listing Change

    44.00%

  • Last Traded Price

    ₹ 72.30

Smarten Power Systems IPO Details

  • Open Date

    07 Jul 2025

  • Close Date

    09 Jul 2025

  • Listing Date

    14 Jul 2025

  • IPO Price Range

    ₹ 100

  • IPO Size

    ₹ 47.50 Cr

  • Listing Exchange

    NSE SME

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Smarten Power Systems IPO Timeline

Smarten Power Systems IPO Subscription Status

Smarten Power Systems IPO Size

Types Size
Total IPO Size ₹47.50 Cr
Offer For Sale ₹10.00 Cr
Fresh Issue ₹37.50 Cr

 

Smarten Power Systems IPO Lot Size

Application Lots Shares Amount(₹)
Retail (Min) 2 2,400 2,40,000
Retail (Max) 2 2,400 2,40,000
S - HNI (Min) 3 3,600 3,60,000
S - HNI (Max) 8 9,600 9,60,000
B - HNI (Min) 9 10,800 10,80,000

Smarten Power Systems IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 6.31 23,74,800 1,49,73,600 149.74
Individual Investors (IND category bidding for 2 Lots)     4.66 23,74,800 1,10,78,400 110.78
Total** 5.51 47,49,601 2,61,74,400     261.74

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 186.06 198.73 203.20
EBITDA 1.86 13.54 16.92
PAT 5.16 11.29 12.77
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 76.01 79.28 97.24
Share Capital 0.01 0.01 0.01
Total Borrowings 4.13 6.68 16.59
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities -2.54 0.16 -2.51
Net Cash Generated From / (used in) investing activities -0.35 -1.50 -5.80
Net Cash Generated From / (used in) financing activities 2.09 1.95 9.11
Net Increase (Decrease) In Cash And Cash Equivalents -0.81 0.61 0.80


Strengths

1. Innovative and diverse product portfolio across solar and power backup categories.
2. Strong R&D driving continual product enhancement and efficiency.
3. Pan-India reach with 382 distributors and 52 service centres.
4. Experienced leadership team with proven operational expertise.
 

Weaknesses

1. Key facilities are on lease and face ongoing litigation risks.
2. High revenue dependence on Haryana and Uttar Pradesh markets.
3. No long-term contracts with distributors increases business uncertainty.
4. Top ten customers account for over 40% of total revenue.
 

Opportunities

1. Growing demand for solar energy solutions across India and emerging markets.
2. Government incentives promoting renewable energy and localisation of manufacturing.
3. Potential expansion into untapped Indian states and overseas markets.
4. Planned battery unit can boost in-house manufacturing and margins.
 

Threats

1. Dependency on third-party suppliers for raw materials and components.
2. Regulatory and policy shifts in key export markets like Nigeria.
3. High working capital needs may strain financial flexibility.
4. A decline in demand for key products may hurt profitability.
 

1. Strong revenue growth and EBITDA jumped from ₹1.86 Cr in FY23 to ₹16.92 Cr in FY25.
2. Operates in high-demand sectors—solar and power backup—with growing global and domestic market potential.
3. Broad product portfolio with 372 SKUs and wide reach across 23 states and 17 export markets.
4. IPO funds directed towards expansion, debt reduction, and capacity enhancement, improving long-term business fundamentals.

1. India’s UPS market is expanding as digitalisation and remote‑work trends drive residential demand by ~30%. 
2. Solar inverter sector is predicted to grow at 8.4% CAGR in India through 2033. 
3. Global solar inverter market is set to rise ~8% in 2025, led by APAC demand.
4. Hybrid, IoT‑enabled inverters gaining traction for energy storage and smart-grid integration.
 

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FAQs

Smarten Power Systems IPO opens from July 7, 2025 to July 9, 2025.

The size of Smarten Power Systems IPO is ₹47.50 Cr.
 

The price band of Smarten Power Systems IPO is fixed at ₹100 per share. 
 

To apply for Smarten Power Systems IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Smarten Power Systems  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Smarten Power Systems IPO is 2,400 shares and the investment required is ₹240,000.

The share allotment date of Smarten Power Systems IPO is July 10, 2025
 

The Smarten Power Systems IPO will likely be listed on July 14, 2025.
 

Arihant Capital Markets Ltd. is the book running lead manager for Smarten Power Systems IPO.

Smarten Power Systems plans to utilise the raised capital from the IPO for:

  • Purchase of battery unit production line assets
  • To meet the working capital requirements    
  • Repayment of outstanding borrowings
  • Funding capital expenditure requirements    
  • General corporate purposes