Smarten Power Systems Limited IPO
Smarten Power Systems Limited IPO
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Smarten Power Systems Limited's successfully completed its Initial Public Offering and commenced trading on 14-07-2025 at the NSE exchange. The company raised 50,00,400 Shares through this public offering, comprising 37,50,000 Shares in fresh capital and ₹10.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹100 to ₹100, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from 07-07-2025 to 09-07-2025.
Share allotment was finalized on 10-07-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Smarten Power IPO About Company
Smarten Power Systems Limited, established in 2014, specializes in designing and assembling a wide range of power backup and solar products. These include home UPS systems, solar inverters, power conditioning units, charge controllers, and it also trades solar panels and batteries. The company operates across 23 Indian states and two union territories, and has expanded its reach to 17 countries globally, covering regions such as the Middle East, Africa, and South Asia. It markets and assembles products under its own SMARTEN brand, which is backed by a registered patent. The company offers 372 product variants across six major categories, which include home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries. Smarten works through a distribution network of 382 partners and provides after-sales support via 52 service centers. As of May 31, 2025, the company employs 252 staff members across various departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Smarten Power IPO Strength Factors
- Wide Product Portfolio: Offers 372+ SKUs across home UPS, solar inverters, PCUs, charge controllers, solar panels, and batteries for residential and commercial use.
- Strong R&D & Innovation: Skilled R&D team with 10+ years of expertise drives innovation in inverter technology, energy storage, and power conversion.
- Extensive Distribution Network: Presence in 23 states & 2 union territories with 380 distributors, 52 service centers, and 31 global distributors for easy access and after-sales service.
Smarten Power IPO Risk Factors
- No Long-Term Distributor Contracts: Works with non-exclusive distributors without long-term deals, risking potential distributor loss and business disruption.
- Dependency on External Suppliers: Relies on third-party vendors for key parts in UPS systems and solar inverters, which may affect production if suppliers fail.
- High Supplier Concentration Risk: Over 85% of trading purchases come from top 5 suppliers, making revenue vulnerable to supply disruptions.
Smarten Power IPO Lead Manager(s)
- Arihant Capital Markets Limited
Smarten Power IPO Promoter(s)
- Arun Bhardwaj
- Rajnish Sharma
- Ravi Dutt
- Tirath Singh Khaira
Smarten Power IPO FAQs
Smarten Power Systems Limited IPO subscribed 5.54 times. The public issue subscribed 4.66 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 24, 2025 10:49:33 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Smarten Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Smarten Power IPO FAQs
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