Smarten Power Systems IPO opens: Check price band, lot size, objectives, and key dates

Smarten Power Systems IPO, which seeks to raise ₹50 crore, opened for subscription on Monday, July 7, 2025. The issue will conclude on July 9. It has fixed the price at ₹100 per equity share.

The IPO consists of new equity shares valued at ₹40.01 crore and an offer for sale (OFS) component of shares aggregating to ₹10 crore.

The money raised will be utilised to buy movable assets of the production line of the battery manufacturing facility, repayment of debt, working capital requirements, fund capital expenditure needs and cover general corporate purposes.

Smarten Power Systems IPO: Lot size

A lot consists of 1,200 shares. Individual investors can apply for a minimum of two lots costing ₹2,40,000.

Smarten Power Systems IPO: Key dates

The allotment status of Smarten Power Systems Ltd will be finalised on July 10, while the listing on the SME platform of the NSE will take place on July 14.

Smarten Power Systems, incorporated in 2014, designs and assembles power backup and solar products such as home UPS systems, power conditioning units, and solar inverters, and trades batteries and solar panels.

Arun Bhardwaj, Managing Director of Smarten Power Systems, said, "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency."

"It will support our efforts to adapt to evolving energy demands through focused product development and wider market access," he added.

The company had posted a revenue from operations of ₹203.20 crore and a profit after tax (PAT) of ₹12.77 crore in the financial year 2024-25.

The sole book-running lead manager of the issue is Arihant Capital Markets, while Maashitla Securities is the registrar.