Smarten Power Systems IPO Opens to Fund Expansion and Boost Clean Energy Portfolio – EQ
In Short : Smarten Power Systems’ ₹50-crore IPO opened on July 7 at ₹100 per share, offering 50 lakh equity shares. The issue includes a fresh ₹40.01 crore issue and ₹10 crore OFS. Funds will support battery manufacturing, capex, and debt repayment. The IPO closes on July 9, with allotment on July 10 and expected listing on July 14.
In Detail : Smarten Power Systems Limited launched its initial public offering (IPO) on July 7, aiming to raise ₹50 crore through the issue. The shares are priced at ₹100 each, with a total offering of 50 lakh equity shares. The IPO will remain open for subscription until July 9.
The public issue includes a fresh equity issuance worth ₹40.01 crore and an offer-for-sale (OFS) segment of ₹10 crore. Proceeds from the fresh issue will be used for infrastructure expansion, working capital needs, debt repayment, and other general corporate purposes.
Retail investors have a lot size of 2,400 shares, with nearly 47.5% of the IPO reserved for the retail segment. The registrar for the issue is Maashitla Securities, while Arihant Capital Markets is acting as the lead manager and market maker for the IPO.
Smarten Power Systems, incorporated in 2014, manufactures and distributes power backup and solar products, including UPS systems, solar inverters, and batteries. The company serves both domestic and international markets and is looking to scale operations through the IPO proceeds.
For the financial year ending March 2025, the company reported revenue of ₹203.2 crore and a net profit of ₹12.77 crore. The financial performance reflects steady growth and increasing demand for the company’s product line.
The allotment is expected to be finalized on July 10, with shares credited to investors’ demat accounts by July 11. Smarten Power Systems plans to list on the NSE’s SME Emerge platform around July 14, marking its public market debut.
