Smarten Power Systems IPO: Complete Overview

Dive into the Smarten Power Systems IPO, a ₹50 Cr SME IPO launching on 07 July 2025. Learn about the company, IPO structure, financials, IPO GMP, timetable, strengths, weaknesses, and FAQs—all in simple, easy‑to‑understand language.

Company Snapshot

• Founded: 2014

• **Products & Services:

  **

  • Home UPS systems

• Solar inverters / PCUs

• Solar charge controllers

• Solar panels & batteries

• Geographic Reach: India (23 states + 2 UTs), Middle East, Africa, South Asia

• Network: 382 distributors, 52 service centres

• Portfolio: 372 SKUs under registered “Smarten” patent

IPO Overview

• IPO Type: SME, Fixed‑price issue

• Issue Size: ₹50 Cr total

• Fresh Issue: ₹40.01 Cr (40.01 lakh shares)

• Offer for Sale: ₹10 Cr (10 lakh shares)

• Issue Price: ₹100 per share

• Face Value: ₹10 per share

• Lot Size: 2,400 shares (₹2,40,000)

• Listing: NSE SME (expected 14 July 2025)

Smarten Power Systems IPO Dates

• Opening Date: 07 Jul 2025

• Closing Date: 09 Jul 2025

• Allotment: 10 Jul 2025

• Refunds: 11 Jul 2025

• Listing Date: 14 Jul 2025

Financial Highlights (₹ Cr)

• Total Assets:

  • FY 2025: 97.24

  • FY 2024: 79.28

  • FY 2023: 76.01

• Revenue:

  • FY 2025: 203.20

  • FY 2024: 198.73

  • FY 2023: 186.06

• PAT:

  • FY 2025: 12.77

  • FY 2024: 11.29

  • FY 2023: 5.16

• Net Worth:

  • FY 2025: 38.54

  • FY 2024: 25.77

  • FY 2023: 14.48

Cash Flow Summary (₹ Lac)

• Operating Activities:

  • FY 2025: (251.02)

  • FY 2024: 16.34

  • FY 2023: (253.78)

• Investing Activities:

  • FY 2025: (579.99)

  • FY 2024: (149.92)

  • FY 2023: (35.42)

• Financing Activities:

  • FY 2025: 910.67

  • FY 2024: 194.70

  • FY 2023: 208.52

Revenue Mix

• Geography‑wise: India vs. International markets

• Product‑wise: Home UPS, PCUs, charge controllers, panels, batteries

(Source: RHP)

IPO Pricing & Valuation

• EPS (FY 2025): ₹8.51 → P/E of 11.75×

• Weighted EPS (3‑year): ₹7.35 → P/E of 13.60×

• Industry Avg P/E: 41.53× (Peers range 40.81–42.26×)

  • Indicates Smarten Power Systems IPO is undervalued on P/E basis.

IPO Grey Market Premium (GMP)

• IPO GMP Today: ₹0 as of 04 Jul 2025

• Implied Listing Price: ~₹100

Issue Objectives

• Acquire mobile assets for battery production

• Meet working capital requirements

• Repay debt fully or partially

• Capital expenditure for expansion

• General corporate purposes

Promoters & Management

• Promoter Holding Pre‑IPO: 91.67%

• Post‑IPO: 67.10%

• Key Promoters: Arun Bhardwaj, Rajnish Sharma, Ravi Dutt, Tirath Singh Khaira

IPO Lot Allocation

• Market Maker: 5.02%

• Retail: 47.49% (min/max 2 lots)

• HNI (Non‑Institutional): 47.49% (min 3 lots)

Strengths

• Innovative solar & UPS technology

• Strong R&D capabilities

• Wide distribution & after‑sales network

• Robust vendor & supply chain relationships

• Experienced leadership team

Weaknesses

• No in‑house battery manufacturing yet

• Leased premises for operations

• Concentrated revenue in Haryana & UP

How to Apply

1. Open or use an existing demat account

2. Submit IPO application between 07–09 Jul 2025

3. Apply for a minimum of 2 lots (2,400 shares)

FAQs

Q1: When does the Smarten Power Systems IPO open?

The Smarten Power Systems IPO opens on 07 July 2025 and closes on 09 July 2025.

Q2: What is the Smarten Power Systems IPO price?

The IPO price is fixed at ₹100 per share.

Q3: How much is the Smarten Power IPO GMP today?

As of 04 July 2025, the IPO GMP is ₹0, indicating listing expectations match the issue price.

Q4: What is the lot size for retail investors?

Retail investors must apply for at least 2 lots (2,400 shares) costing ₹2,40,000.

Q5: Is Smarten Power Systems IPO undervalued?

Based on a P/E of 11.75× versus industry average of 41.53×, the IPO appears undervalued on P/E metrics.

Conclusion

The Smarten Power Systems IPO offers investors a chance to tap into the growing solar and power‑backup market via an SME IPO. With a ₹50 Cr issue size, competitive P/E valuation, clear use of proceeds, and zero IPO GMP, it looks well‑priced for long‑term growth. Always review the latest company filings, consult your financial advisor, and consider your risk appetite before investing.