Smarten Power Systems IPO Opens July 7, Price Set At ₹100 Per Share

New Delhi: Smarten Power Systems has announced that its Initial Public Offering (IPO) will open for public subscription on July 7 and close on July 9. The issue price has been fixed at Rs 100 per equity share.

The shares will be listed on NSE’s SME platform, Emerge, after the closure of the issue.

Issue Structure and Fund Use

The Rs 50 crore IPO includes a fresh issue of up to 40.01 lakh equity shares worth Rs 40.01 crore and an offer for sale (OFS) of 10 lakh shares worth Rs 10 crore.

The proceeds from the fresh issue will be used for:

Purchasing movable assets for a battery manufacturing unit

Meeting working capital needs

Repayment of existing debt

Funding capital expenditure

General corporate purposes

Company Background and Financials

Established in 2014, Smarten Power Systems is engaged in designing and assembling solar and power backup products. These include home UPS systems, solar inverters, power conditioning units, and trading in solar panels and batteries.

The company posted a revenue of Rs 203.20 crore and a net profit of Rs 12.77 crore in FY25.

Leadership Commentary

Managing Director Arun Bhardwaj said the IPO is a significant step in the company’s journey. “It will strengthen our production capacity, improve efficiency, and help us meet the changing energy needs with better product development and wider market access,” he stated.

Lead Managers

Arihant Capital Markets is managing the IPO as the sole book-running lead manager, and Maashitla Securities is the registrar to the issue.

(With PTI Inputs)