Smarten Power Systems Ipo: Complete Overview, Dates & Gmp Guide

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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
Open or use an existing demat account

Submit IPO application between 07–09 Jul 2025

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.