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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Smarten Power Systems Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,20,000
Issue Size
₹50 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
91.67%
Promoter Holding (Post-Issue)
67.1%
Issue Type
Fixed Price - SME
ISIN
INE14GK01016
We are engaged into designing and assembling of power back-up and advanced solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. We are also engaged in the trading of solar panels and batteries. We sell our products through our distributors within India. We also export our products except solar panels outside India. Currently, our Company is operating in 23 states and 2 union territories within India and has also established global footprint in over 18 countries which includes Middle East, Africa, and South Asia region.
The Home Uninterruptible Power Supply (UPS) market in India is a dynamic and rapidly evolving sector, which is fuelled by the increasing need for reliable power in the face of frequent outages, as well as the nation's surge in digitalisation and offsite work opportunities. India's Home Uninterruptible Power Supply (UPS) market is fundamentally driven by the need for resilience against power instability. Lead acid batteries strike a balance between affordability and performance, making them accessible to a broad customer base. Their established reliability and long-standing presence in the power backup industry further contribute to their popularity.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 50,00,400 equity shares of face value of Rs. 10 each (equity shares) of the company at an offer price of Rs. 100 per equity share (including a share premium of Rs. 90 per equity share) for cash, aggregating to Rs. 50.00 crores (offer) comprising a fresh issue of 40,00,800 equity shares aggregating to Rs. 40.00 crores (the fresh issue) and an offer for sale of 2,66,560 equity shares by Arun Bhardwaj, 2,66,545 equity shares by Rajnish Sharma, 2,66,545 equity shares by Ravi Dutt and 1,99,950 equity shares by Tirath Singh Khaira (the selling shareholders or promoter selling shareholders) (offer for sale) aggregating to Rs.10.00 crores, out of which 2,50,800 equity shares of face value of Rs. 10 each, at an offer price of Rs. 100 per equity share for cash, aggregating Rs. 2.50 crores has been reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. offer of 47,49,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 100 per equity share for cash, aggregating Rs. 47.50 crores is hereinafter referred to as the net offer. The offer and net offer will constitute 26.32 % and 25.00 % respectively of the post- offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 10 times of the face value .
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was incorporated as "Smarten Power Systems Private Limited" as a Private Limited Company pursuant to a certificate of incorporation dated July 30, 2014 issued by the Registrar of Companies, Haryana. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on October 24, 2024, and by the Shareholders in an extraordinary general meeting held on October 25, 2024 and consequently the name of our Company was changed to "Smarten Power Systems Limited" and a fresh certificate of incorporation dated November 20, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.