Here are the comprehensive details for Smarten Power Systems Limited IPO 2025: Dates, Price & Details—an SME IPO on the NSE Emerge platform:
Smarten Power Systems Limited IPO Dates
- Opening Date: July 7 2025
- Closing Date: July 9 2025
- Allotment Finalisation: July 10 2025
- Initiation of Refunds: Jul 11, 2025
- Credit of Shares to Demat: Jul 11, 2025
- Listing Date: July 14 2025 on NSE Emerge
Smarten Power Systems Limited IPO Details
- Issue Type: Fixed‑price SME IPO
- Issue Size: ₹50.00 Cr (50,00,400 shares @ ₹100 each)
- Fresh Issue: ₹40.00 Cr (40,00,800 shares)
- Offer-for-Sale: ₹10.00 Cr (10,00,400 shares) by promoters
- Face Value: ₹10; Issue Price: ₹100 (10× face value)
- Lot Size & Minimum Investment: 1,200 shares (₹1,20,000); retail applications start at 2,400 shares (₹2.4 L) in some platforms
- Market Maker Portion: 2,50,800 shares (~5.02% of issue)
- Net Public Issue: 47,49,600 shares (~₹47.50 Cr)
- Issue Type: Fixed Price IPO
- Listing At: NSE SME
- Share Holding Pre Issue: 1,50,00,000 shares
- Share Holding Post Issue: 1,90,00,800 shares
GMP of Smarten Power Systems Limited IPO
The latest Grey Market Premium (GMP) for Smarten Power Systems Limited IPO is ₹0 per share, meaning there’s currently no premium in the grey market—it’s flat at issue price.
Promoters of Smarten Power Systems Limited
Here are the detailed profiles of the promoters of Smarten Power Systems Limited, including their professional backgrounds and roles within the company:
1) Arun Bhardwaj – Promoter & Managing Director
- Age: ~43 years
- Experience: Over 20 years in engineering
Education:
- B.Tech in Electronics & Telecommunication, J.R.N. Rajasthan Vidyapeeth University
- MBA, Maharshi Dayanand University, Rohtak
- Diploma in Industrial Electronics & Instrumentation, Haryana State Board
Career Highlights:
- Associated with the company since September 3 , 2014
- Previously worked with Su-Kam Power Systems Ltd and Krishna Maruti Ltd
- Also director at Smart Store International Pvt Ltd and Nitant Global Pvt Ltd
2) Rajnish Sharma – Promoter, Whole-Time Director & CEO
- Age: ~40 years
- Experience: Over 22 years in the power-backup sector
Education:
- Diploma in Electronics & Communication Engineering, Institute of Advanced Studies in Education, Deemed University
Career Highlights:
- With the company since incorporation (July 30, 2014)
- Previously worked at Su-Kam Power Systems Ltd
- Also director at Smart Store International Pvt Ltd and Nitant Global Pvt Ltd
3) Ravi Dutt – Promoter & Whole-Time Director
- Age: ~46 years
- Experience: Over 21 years in power-backup industry
Education:
- Diploma in Electronics & Communications, Haryana State Board
Career Highlights:
- Joined on November 24, 2014
- Previously with Su-Kam Power Systems Ltd, Delta Power Solutions (I) Pvt Ltd, and Integrated Technologies Ltd
4) Tirath Singh Khaira – Promoter & Whole-Time Director
- Age: ~60 years
- Experience: Nearly 29+ years in power-backup & electronics
Education:
- B.Eng (Electrical), National University of Singapore
- MBA, University of Warwick
Career Highlights:
- Joined on September 19, 2017
- Worked with Century Yuasa Batteries Pty Ltd, Delta Energy Systems (India), ICE Corporation Ltd, and Sony Precision Engineering (Singapore)
- Also director at Nitant Global Pvt Ltd
Summary Table
| Name | Role | Education Highlights | Industry Experience |
|---|---|---|---|
| Arun Bhardwaj | MD & Promoter | B.Tech, MBA, Diploma | 20+ years (Su‑Kam, Krishna Maruti) |
| Rajnish Sharma | CEO & Promoter | Diploma | 22+ years (Su‑Kam) |
| Ravi Dutt | Whole‑Time Director & Promoter | Diploma | 21+ years (Su‑Kam, Delta) |
| Tirath Singh Khaira | Whole‑Time Director & Promoter | B.Eng (NUS), MBA (Warwick) | ~29 years (Century Yuasa, Sony) |
These four individuals were confirmed as the promoter selling shareholders in the SME IPO documents, with each offering portions of their holdings via the offer-for-sale component—substantiating their roles as promoters and key operational leaders in the company.
Smarten Power Systems Limited IPO Lot Size
Here’s the official lot size and investment details for the Smarten Power Systems Limited IPO, based on various sources:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 2 | 2,400 | ₹2,40,000 |
| HNI (Min) | 3 | 3,600 | ₹3,60,000 |
Final Takeaway
- Lot Size: 1,200 shares
- Minimum Investment: ₹120,000 per investor
- Retail investors are capped at 1 lot (₹1.2 lakh)
Smarten Power Systems Limited IPO Promoter Holding
Here are the promoter shareholding details for Smarten Power Systems Limited IPO:
| 🔸 Shareholding Category | 🧑🤝🧑 Promoter Holdings |
|---|---|
| Pre‑IPO (before issue) | 91.67 % of total equity |
| Post‑IPO (after issue) | 67.10 % of total equity |
What This Means:
- Pre-IPO holding (~91.7 %) reflects their nearly full ownership before offering shares to the public.
- Post-IPO holding (~67.1 %) shows dilution due to the fresh issue and offer-for-sale, meaning the promoters still retain a super-majority controlling stake.
About Smarten Power Systems Limited
- Incorporation: Founded in 2014, headquartered in Gurgaon, Haryana.
- Core Business: Designs and assembles power backup and solar energy solutions, including home UPS systems, solar inverters, power conditioning units, solar charge controllers; also trades in solar panels and batteries.
- Vision: “Fusion is the Future” – a commitment to leveraging renewable solar energy and developing indigenous, next-generation energy storage products.
- Mission: Deliver affordable, efficient, and eco-friendly energy products to both household and industrial markets.
Market Reach & Infrastructure
- India Presence: Distribution network across 23 states and 2 Union Territories.
- Global Footprint: Export markets spanning over 17–18 countries in South Asia, Middle East, and Africa (e.g., Nepal, Bangladesh, Nigeria, UAE, Yemen).
- Channel Network: Supported by 372 SKUs, 400+ distributors, and 50+ service centers.
Operational & R&D Capabilities
- Manufacturing: In-house production facilities with advanced R&D; by FY2023, recorded sales surpassing 1 million sine-wave inverters.
- Product Range: Diverse offerings—from PWM and MPPT PCUs to solar batteries, charge controllers, and beyond.
- Technology Edge: Emphasis on sine-wave vs. conventional square-wave inverters for higher reliability and efficiency.
Competitive Advantage & Differentiation
- Cost‑Effective Valuation: FY25 P/E at ~11.75× – significantly below peers GP Eco (42×) and Sungarner (41×).
- Broader Profitability: Despite lower NAV per share, Smarten records the highest PAT among peers and retains superior RoNW.
- R&D Orientation: Emphasis on local innovation (“100% indigenous”) and sustained technological advancements.
Final Summary
Smarten Power positions itself as a strong mid-sized player in the renewable backup and solar energy landscape, with solid financials, efficient operations, a wide distribution network, and attractive valuation compared to peers.
Their growth hinges on successful branding, geographic diversification, export resilience, and execution of planned capacity expansion. While listed on NSE SME, which could limit liquidity, the firm presents a compelling play on India’s green-energy trajectory.
Smarten Power Systems Limited Financial Information
Here is a detailed financial snapshot of Smarten Power Systems Limited based on the latest available data:
| Financial Year Ended Mar 31 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Income / Revenue | ₹179.53 Crore | ₹178.94 Crore | ₹170.03 Crore |
| Adjusted EBITDA | ₹17.03 Crore | ₹16.23 Crore | ₹7.41 Crore |
| Operating Profit (PBDIT) | ₹15.87 Crore | ₹13.47 Crore | ₹2.39 Crore |
| Adjusted PBT | ₹15.84 Crore | ₹15.26 Crore | ₹6.65 Crore |
| Adjusted PAT (Net Profit) | ₹11.74 Crore | ₹10.73 Crore | ₹4.75 Crore |
| Reserves & Surplus | ₹21.55 Crore | ₹23.81 Crore | ₹13.08 Crore |
| Finance Cost | ₹0.79 Crore | ₹0.57 Crore | ₹0.37 Crore |
| Depreciation | ₹0.41 Crore | ₹0.39 Crore | ₹0.39 Crore |
| Cost of Sales | ₹163.66 Crore | ₹165.47 Crore | ₹167.64 Crore |
Growth & Profitability Trends
- Revenue rose steadily from ₹170 Cr in 2023 to ₹179 Cr in 2024, reaching ₹180 Cr in 2025.
- PAT nearly trebled from ₹4.75 Cr in 2023 to ₹10.73 Cr in 2024 and ₹11.74 Cr in 2025.
- EBITDA margin enhanced significantly from ~1% in 2023 to ~9.5% in 2025.
- Reserves & Surplus elevated from ₹13.08 Cr (2023) → ₹23.81 Cr (2024) → ₹21.55 Cr (2025) (note dip in 2025 due to profit retention & capex).
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 39.72% |
| ROCE | 32.58% |
| Debt/Equity | 0.43 |
| RoNW | 33.14% |
| PAT Margin | 6.28% |
| EBITDA Margin | 8.39% |
| Price to Book Value | 5.82 |
Strengths of Smarten Power Systems Limited IPO
Smarten Power Systems boasts a strong presence in the solar and power backup sector with a diversified product portfolio including inverters, UPS systems, and solar charge controllers. The company has shown consistent revenue growth and significant profitability improvement, with high return ratios like RoCE (~32.6%) and RoE (~33%).
Its wide distribution network across 23 states and 17+ export countries gives it both domestic and international reach. The IPO is attractively priced with a lower P/E compared to listed peers, making it a value pick in the SME energy space.
Risks of Smarten Power Systems Limited IPO
Despite strong fundamentals, Smarten faces notable risks. Its revenues are regionally concentrated, with nearly 83% coming from just two states (Haryana and UP), which increases vulnerability to local disruptions.
The company also depends heavily on a few key customers (top 10 contribute ~42% of revenue). Moreover, negative cash flows from operations in recent years, rising debt levels, and exposure to politically unstable export markets like Nigeria could affect stability. Being listed on the NSE SME platform may also limit liquidity for retail investors.
Smarten Power Systems Limited Contact Details
Here are the official contact details for Smarten Power Systems Limited (based on their website):
📍 Corporate Office & Contact Information
- Address
Plot No. 374, Pace City‑II, Sector 37,
Gurugram (Gurgaon), Haryana 122001, India - Phone Numbers
- Service Enquiries: +91 93196 99755
- Alternate office number: 0124‑2210651
- Email Addresses
- General: info@smartenpowersystems.com
- IPO / corporate queries (e.g. registrar): cs@smartenpowersystems.com
- Website
- Official: www.smartenpowersystems.com
☎️ Customer Care (Toll‑Free)
- Toll‑Free Helpline: 1800‑1800‑649 (for product support/warranty claims)
Summary Table
| Category | Details |
|---|---|
| Office Address | Plot No. 374, Pace City‑II, Sector 37, Gurugram, Haryana 122001 |
| Service Enquiry | +91 93196 99755 |
| Office Phone | 0124‑2210651 |
| General Email | info@smartenpowersystems.com |
| IPO / Registrar Contact | cs@smartenpowersystems.com |
| Toll‑Free Customer Care | 1800‑1800‑649 |
| Website | www.smartenpowersystems.com |
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