Smarten Power Systems Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

07 Jul 2025

Close Date

09 Jul 2025

Allotment

10 Jul 2025

Listing Date

14 Jul 2025

Exchange

NSE SME

Price Band

₹100

Listing Price

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Allotment Status

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Price Band

₹100

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

50,00,400 shares (aggregating up to ₹50.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,50,00,000 shares

Promoters

Post-IPO Holding

1,90,00,800 shares

Promoters

P/E (Pre)

11.75x

P/E (Post)

14.88x

EPS (Pre)

₹8.51

EPS (Post)

₹6.72

UPI Deadline

2025-07-09

Mandate

Anchor AllotmentSun, 06 Jul 2025

Basis of AllotmentThu, 10 Jul 2025

Refund InitiationFri, 11 Jul 2025

Demat CreditFri, 11 Jul 2025

Listing DayMon, 14 Jul 2025

UPI Mandate Deadline2025-07-09

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public47,49,600 shares (aggregating up to ₹47.50 Cr)

Market Maker Quota2,50,800 shares (aggregating up to ₹2.51 Cr)

Fresh Issue Shares37,50,000 shares (aggregating up to ₹37.50 Cr)

Offer for Sale9,99,600 shares of ₹10 (aggregating up to ₹10.00 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Smarten Power Systems Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Jul 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	250,800	—	₹2.51
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,000,400	100%	₹50.00

IPO Shares Offered

Smarten Power Systems Ltd. IPO total issue size: ₹50.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	250,800	₹2.51	5.02%
Total	5,000,400	₹50.00	100.00%

* Based on upper price band ₹100 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹100.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹240,000
Retail (Max — 13 Lots)	13	15,600	₹1,560,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,680,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,160,000

* Issue Price ₹100 × Lot Size 1,200 shares

IPO Schedule

Anchor

06 Jul 2025

✓ Done

IPO Open

07 Jul 2025

✓ Done

IPO Close

09 Jul 2025

✓ Done

Allotment

10 Jul 2025

✓ Done

Refunds

11 Jul 2025

✓ Done

Demat Credit

11 Jul 2025

✓ Done

Listing Day

14 Jul 2025

✓ Done

₹100.00

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Issue ₹100.00 Live Price

About Smarten Power Systems Ltd.

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, and trades solar panels and batteries.The Company operates in 23 states and two union territories in India and has a global presence in 17 countries, including the Middle East, Africa, and South Asia.The company assembles and trades products under the SMARTEN brand and its registered patent.The company has a portfolio of 372 SKUs across six categories: home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries.The Company operates with a network of 382 distributors and 52 service centers for after-sales support. Products:Home UPS SystemsSolar Inverters / Solar Power Conditioning Units (PCUs)Solar Charge ControllersSolar PanelsInverter BatteriesAs of May 31, 2025, the company has 252 department employees.Competitive Strength:Innovative Product Range and Technological Advancements.Strong Research and Development (R&D) Capabilities.Extensive Distribution and After-Sales Service Network.Vendor Relationships and Supply Chain Efficiency.Experienced Leadership and Operational Expertise.

Objects of the Issue

1 Purchase of movable assets of the production line of battery manufacturing unit

2 To meet the working capital requirements

3 Repayment in full or in part, of the outstanding borrowings

4 Funding capital expenditure requirements

5 General corporate purposes

Smarten Power Systems Ltd. Financials (Amount In Crore)

Revenue from Operations

₹186.1

31 Mar 2023

₹198.7

31 Mar 2024

₹203.2

31 Mar 2025

Profit After Tax (PAT)

₹5.2

31 Mar 2023

₹11.3

31 Mar 2024

₹12.8

31 Mar 2025

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue from Operations	203.20	198.73	186.06
EBITDA	16.92	13.54	1.86
Profit After Tax (PAT)	12.77	11.29	5.16
Net Worth	38.54	25.77	14.48
Total Assets	97.24	79.28	76.01
Reserves & Surplus	23.54	24.77	13.48
Borrowings	16.59	6.68	4.13
EBITDA Margin (%)	8.39%	—	—
PAT Margin (%)	6.28%	—	—

P/BV Ratio

3.89

RoE

39.72%

RoCE

32.58%

RoNW

33.14%

PAT Margin

6.28%

EBITDA Margin

8.39%

Debt/Equity

0.43

Issue Structure & Shareholding

Total Shares Offered50,00,400 (100.00%)

Net Offer to Public47,49,600 shares (aggregating up to ₹47.50 Cr)

Reserved for Market Maker2,50,800 shares (aggregating up to ₹2.51 Cr)

Pre-Issue Promoter Holding1,50,00,000 shares

Post-Issue Promoter Holding1,90,00,800 shares

P/BV Ratio3.89

RoE39.72%

RoCE32.58%

Debt / Equity0.43

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

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Book Running Lead Managers

Arihant Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Smarten Power Systems Ltd. IPO subscribed? ▲

Smarten Power Systems Ltd. IPO is subscribed 1.00 times by Jul 09, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Smarten Power Systems Ltd. IPO retail subscription status? ▼

The Smarten Power Systems Ltd. IPO retail category is subscribed 1.00 times as of 09 Jul 2025. The retail portion is oversubscribed.

How to subscribe Smarten Power Systems Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 Jul 2025 and closes 09 Jul 2025. Min investment: ₹120,000 (1 lot = 1,200 shares). UPI mandate: 2025-07-09.

How many times Smarten Power Systems Ltd. IPO subscribed? ▼

The Smarten Power Systems Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Smarten Power Systems Ltd. IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Jul 2025. Refunds: on 11 Jul 2025.

When Smarten Power Systems Ltd. IPO will be listed? ▼

The Smarten Power Systems Ltd. IPO listing date is 14 Jul 2025, Monday. Listed on: NSE SME. Issue price: ₹100. Estimated listing: ₹100. GMP: NIL.

When Smarten Power Systems Ltd. IPO close? ▼

The Smarten Power Systems Ltd. IPO closes on 09 Jul 2025, Wednesday. UPI mandate: 2025-07-09. Allotment: 10 Jul 2025. Listing: 14 Jul 2025.

Quick Actions

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Live Price LIVE

Last Price₹100.00

Change—

Issue Price₹100.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹100

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹100

Subscribed1.00x

Open Date07 Jul 2025

Close Date09 Jul 2025

Allotment10 Jul 2025

Listing Date14 Jul 2025

ExchangeNSE SME

UPI Deadline2025-07-09