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What is the last grey market premium of Smarte Power IPO?

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Listing Review: Will update on listing.

 

 

 

What is the business of Smarten Power?

Smarten Power Systems Limited – Powering India’s Energy Evolution

Founded in 2014, Smarten Power Systems Limited has emerged as a dynamic force in the power backup and solar energy sector. The company designs, assembles, and markets a wide range of energy solutions under its flagship SMARTEN brand — a name backed by a registered patent and trusted by customers across India and beyond.

From home UPS systems and solar inverters to power conditioning units (PCUs), solar charge controllers, panels, and batteries, Smarten offers an expansive portfolio of 372 SKUs across six essential categories tailored for modern energy needs.

With operations spread across 23 Indian states and 2 union territories, Smarten’s footprint extends globally to 17 countries, including strategic markets in the Middle East, Africa, and South Asia — making it a rising global brand in the renewable energy space.

Supported by a strong network of 382 distributors and 52 service centers, Smarten ensures robust after-sales support and service reach. As of May 31, 2025, the company employs 252 skilled professionals who drive its innovation and growth.

Product Lineup:

  • Home UPS Systems

  • Solar Inverters / PCUs

  • Solar Charge Controllers

  • Solar Panels

  • Inverter Batteries

Whether you’re seeking reliable power backup or tapping into the potential of solar energy, Smarten Power Systems stands at the intersection of performance, reliability, and sustainability.

Smarten Power IPO Details

Sector: 

IPO opens on  7 July 2025
IPO closes on  9 July 2025
Issue Type Book Built Issue IPO
Issue Size 5000,400 Shares /
Rs 50.00 Crore
* Fresh Issue
* Offer for Sale – – Shares/
Rs.? Crore
Market Maker Portion 250,800 Shares
Net offer to Public 4749,600 Shares
Rs.47.50 Crores
Face Value per share Rs. 10
Price Band Rs. 100
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME
Investor Category Shares Offered % Rs.
in Cr.
Market Maker 250800 5.02  
QIB Shares     
NII (HNI)  2374800 47.49  
Retail  2374800 47.49  
Total 3229900 100  
       
Application Lots Shares Amount,
Rs.
Retail (Min) 2 2400 240,000
Retail (Max) 2 2400 240,000
HNI (Min) 3 3600 360,000

Who are the Promoters of Smarten Power?

The company’s promoters are Arun Bhardwaj, Rajnish Sharma, Ravi Dutt and Tirath Singh Khaira.

What are the Objects of Smarten Power IPO?

1) Purchase of movable assets of the production line of battery manufacturing unit Rs. 4.19 Cr.
2) To meet the working capital requirements Rs. 22 Cr.
3) Repayment in full or in part, of the outstanding borrowings Rs. 0.95 Cr.
4) Funding capital expenditure requirements Rs. 4.46 Cr.
5) General corporate purposes Rs. 4.70 Cr.

Smarten Power IPO Timetable

Tentative timetable

IPO opens on 7 July 2025
IPO Closes on 9 July 2025
IPO Allotment on  10 July 2025
Refund Initiation  11 July 2025
Credit of Shares 11 July 2025
Listing on 14 July 2025
Registered Office of the Company
Smarten Power Systems Limited
374,
1st Floor Pace City-2
Sector – 37,
Gurgaon, Haryana, 122001
The Lead Manager of this IPO
Arihant Capital Markets ltd

Who is the Registrar to IPO?

Maashitla Securities Pvt ltd

Smarten Power IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Smarten Power Financials

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 97.24 79.28 76.01
Revenue 203.2 198.73 186.06
Profit After Tax 12.77 11.29 5.16
EBITDA 16.92 13.54 1.86
Net Worth 38.54 25.77 14.48
Reserves and Surplus 23.54 24.77 13.48
Total Borrowing 16.59 6.68 4.13
Amount in Rs. Crore

Performance Indicators

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
EPS Rs. 8.51
PE Ratio 11.75

How Smarten Power IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Smarten Power 11.75 33.14
Gp Eco Solutions India  42.26 15.99
Sungarner Energies 40.81 15.36


 

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Smarten Power IPO Review by Paresh Gordhandas, CA & Research Analyst.

Will update soon

  • Fundamental Perspective:  

  • Grey Market Sentiment: [Pending]

Quicklinks


 
Smarten Power
IPO GMP

 
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