Smarten Power Systems IPO subscribed 5.51 times on the last day, a retail quota was subscribed over 4.66 times, NII subscribed over 6.31 times, and QIB was 0 times, respectively.
Details About Smarten Power Systems IPO
Smarten Power Systems IPO received approval from SEBI for an IPO worth ₹50.00 crores. Wherein a fresh issue would be totally ₹40 crores and an Offer-for-sale of up to 9,99,600 equity shares.
Further, Smarten Power Systems IPO had a set price band of ₹100 Per Share.
Smarten Power Systems IPO consists of 1200 shares in 1 lot size for retail minimum and maximum categories as well. While 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in the Smarten Power Systems IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,20,000.
- SHNI (S-HNI): Minimum investment of ₹2,40,000.
Smarten Power Systems IPO Subscription Duration
Smarten Power Systems IPO opened on July 7, 2025, and closed on July 9, 2025. The Smarten Power Systems IPO allotment date was scheduled on July 10, 2025. The Smarten Power Systems IPO listing date is on July 14, 2025.
Smarten Power Systems IPO funds deployment
- The proceeds raised from the fresh issue will be used to handle the purchase of movable assets of the production line of the battery manufacturing unit.
- Some funds will be used to meet the capital requirements of the company.
- Some proceeds will be utilized for the prepayment/repayment of the existing borrowings taken by the company.
- Lastly, the remaining funds will be used for the company’s General Corporate Purpose.
About Smarten Power Systems IPO Company
Incorporated in 2014, Smarten Power Limited is one of the leading companies engaged in designing and assembling power backup and solar products, including Home UPS systems, solar inverters, power conditioning units, charge controllers, and trading of solar panels and batteries. In India, the company operates in 23 states and 2 Union territories in India with a 17 countries. The company usually trades and builds products under the SMARTEN brand. The company’s portfolio comprises 372 SKUs spanning 6 categories, such as home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries. As of May 31, 2025, Smarten Power Systems operates a network of 382 distributors and 52 service centers for after-sales support.
Financial Report of the Smarten Power Systems IPO Company
In FY25, the company generated a revenue of ₹203.20 crores. If we compared it to FY24, the company reported a revenue of ₹198.73 crores. In FY25, the company reported a profit of ₹12.77 crores against a profit of ₹11.29 crores in 2024.
