Smarten Power Systems IPO open date is July 7, 2025 and the IPO will close on July 9, 2025.
The company reported revenue of ₹203.20 crores and profit of ₹12.77 crores in 2025.
Smarten Power Systems Limited was incorporated in 2014 as a private company and converted into a public limited company in 2024. It has evolved from launching home UPS systems to exporting solar products to over 17 countries and establishing multiple assembly facilities across India.
Smarten Power Systems IPO Details
| IPO Open Date: | July 7, 2025 |
| IPO Close Date: | July 9, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹100 Per Share |
| Issue Size: | Approx ₹50.00 Crores |
| Fresh Issue: | Approx ₹40.00 Crores |
| Offer for Sale: | Approx 9,99,600 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
Smarten Power Systems IPO Market Lot
The Smarten Power Systems IPO minimum market lot is 1200 shares with ₹1,20,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹1,20,000 |
| Retail Maximum | 1 | 1200 | ₹1,20,000 |
| S-HNI Minimum | 2 | 2,400 | ₹2,40,000 |
Smarten Power Systems IPO Dates
The Smarten Power Systems IPO date is July 7 and the close date is July 9. The Smarten Power Systems IPO allotment will be finalized on July 10 and the IPO listing on July 14.
| IPO Open Date: | July 7, 2025 |
| IPO Close Date: | July 9, 2025 |
| Basis of Allotment: | July 10, 2025 |
| Refunds: | July 11, 2025 |
| Credit to Demat Account: | July 11, 2025 |
| IPO Listing Date: | July 14, 2025 |
Promoters of Smarten Power Systems IPO
The promoters of the company are Arun Bhardwaj, Rajnish Sharma, Ravi Dutt and Tirath Singh Khaira.
Smarten Power Systems IPO Company Financial Report
The company reported revenue of ₹203.20 crores in 2025 against ₹198.73 crores in 2024. The company reported profit of ₹12.77 crores in 2025 against profit of ₹11.29 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹186.06 | ₹178.85 | ₹5.16 | ₹76.01 |
| 2024 | ₹198.73 | ₹182.64 | ₹11.29 | ₹79.28 |
| 2025 | ₹203.20 | ₹186.04 | ₹12.77 | ₹97.24 |
Smarten Power Systems IPO Valuation – FY2025
Check Smarten Power Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 39.72% |
| ROCE: | 32.58% |
| EBITDA Margin: | 8.39% |
| PAT Margin: | 6.28% |
| Debt to equity ratio: | 0.43 |
| Earning Per Share (EPS): | ₹8.51 (Basic) |
| Price/Earning P/E Ratio: | 11.75 |
| Return on Net Worth (RoNW): | 33.14% |
| Net Asset Value (NAV): | ₹25.69 |
Smarten Power Systems IPO Business Overview
The company designs and assembles solar inverters, power conditioning units (PCUs), charge controllers, batteries, and trades solar panels. It earns ~66.5% from domestic markets and ~33.5% from exports, operating in 23 Indian states and 17 international markets.
Segments: Home UPS, Solar Inverters, Batteries, Solar Panels.
Growth Trends:
- Rising demand for solar energy in developing countries.
- Demand peaks during summer season (March–June).
Competition: High — multiple national & regional players.
Positioning: Smarten emphasizes innovation (e.g., MPPT-based inverters, app-based monitoring), robust R&D, and cost-effective solutions.
Smarten Power Systems IPO Industry & Market Outlook
The company operates in the solar and power-backup industry which is witnessing growing demand globally, especially in developing regions. Competition is intense with both organized and regional players, but Smarten differentiates via tech innovation and app-enabled products.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| GP Eco Solutions Limited | 8.85 | 42.26 | 15.99% | 55.36 | 247.44 Cr. |
| Sungarner Energies Limited | 7.45 | 40.81 | 15.36% | 48.46 | 33.64 Cr. |
Objects of the Issue
IPO proceeds will be used to purchase battery manufacturing assets, meet working capital needs, partially repay debt, and fund capital expenditures. A portion also goes toward general corporate purposes. The offer includes a fresh issue and OFS of 9.99 lakh shares by promoters.
- Purchase of movable assets of the production line of battery manufacturing unit
- To meet the working capital requirements
- Repayment in full or in part, of the outstanding borrowings
- Funding capital expenditure requirements
- General corporate purposes
Smarten Power Systems IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Arihant Capital Markets Ltd
Company Address
Smarten Power Systems Limited
374,
1st Floor Pace City-2
Sector – 37,
Gurgaon, Haryana, 122001
Phone: 0124-2210651
Email: cs@smartenpowersystems.com
Website: http://www.smartenpowersystems.com/
Smarten Power Systems IPO FAQs
What does Smarten Power do?
Designs and assembles solar inverters, UPS, batteries, and related products.
When Smarten Power Systems IPO will open for subscription?
The IPO is to open on July 7, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 9, 2025.
What is Smarten Power Systems IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
What is Smarten Power Systems IPO Issue Size?
Smarten Power Systems IPO issue size is ₹50.00 crores.
What is Smarten Power Systems IPO Price Band?
Smarten Power Systems IPO Price Band is ₹100.
What is Smarten Power Systems IPO Lot Size?
The minimum bid is 1200 Shares with ₹1,20,000 amount.
What is the Smarten Power Systems IPO Allotment Date?
Smarten Power Systems IPO allotment date is July 10, 2025.
What is the Smarten Power Systems IPO Listing Date?
Smarten Power Systems IPO listing date is July 14, 2025. The IPO is to list on NSE.
Cash Flow Summary of Smarten Power Systems IPO?
Operating cash flow dipped negative in FY23 but improved sharply in FY24 and Q1 FY25. Investing outflows remained high due to asset purchases, and financing flows turned negative recently—indicating reduced reliance on debt.
Smarten Power Systems IPO Key Risks
Top risks include regional concentration in North India, negative past operating cash flow, seasonal demand, intense competition, and unutilized new capacity if expansion plans falter.
Smarten Power Systems IPO Promoters & Management
Promoters include Arun Bhardwaj, Rajnish Sharma, Ravi Dutt, and Tirath Singh Khaira—each with 20+ years’ industry experience. No material litigation or regulatory flags found. Promoter shareholding will dilute post-IPO due to OFS.