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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹50.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹50.00 Cr |
| Fresh Issue | ₹37.50 Cr |
| Offer for Sale | ₹10.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹100.00 per share |
| NSE Code | SMARTEN |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Incorporated in 2014, Smarten Power Systems Limited designs and assembles power backup and solar products, including Home UPS systems, solar inverters, power conditioning units, and charge controllers, and trades solar panels and batteries.
The Company operates in 23 states and two union territories in India and has a global presence in 17 countries, including the Middle East, Africa, and South Asia.
The company assembles and trades products under the SMARTEN brand and its registered patent.
The company has a portfolio of 372 SKUs across six categories: home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries.
The Company operates with a network of 382 distributors and 52 service centers for after-sales support.
Products:
As of May 31, 2025, the company has 252 department employees.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of movable assets of the production line of battery manufacturing unit | 4.19 |
| 2 | To meet the working capital requirements | 22.00 |
| 3 | Repayment in full or in part, of the outstanding borrowings | 0.95 |
| 4 | Funding capital expenditure requirements | 4.46 |
| 5 | General Corporate Purposes | 4.70 |
| 6 | Issue Expenses | 4.69 |
| Total | 40.98 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 97.24 | 79.28 | 76.01 |
| Total Income | 203.20 | 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 ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| 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 | 3.89 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.51 | 6.72 |
| P/E (x) | 11.75 | 14.88 |
| Promoter Holding | 91.67% | 67.1% |
| Market Cap | ₹190.01 Cr. | |
