Smarten Power Systems Limited (NSE SME)

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Smarten Power Systems

July 7, 2025 – July 9, 2025

Price ₹100 - ₹100
Premium ₹15
Lot size 1200
Allotment Jul 10, 2025
Listing Jul 14, 2025

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Live Rate

Open
High
Low
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Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Smarten Power Systems Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹144.00 +₹44.00 +44.00%

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Shareholding Pattern


Smarten Power Systems Subscription

Last updated on 09-Jul-2025 17:00:42

CategoryOfferedAppliedTimes
HNIs2374800152244006.41
Individual2374800110784004.66
Total4749600263028005.54
Application-Wise Breakup
CategoryReservedAppliedTimes
Individual98946164.67
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
HNIs23.75152.246.41
Individual23.75110.784.66
Total47.5263.035.54

Smarten Power Systems About

Category Lot(s) Qty Amount Reserved
bHNI 9 10800 1080000 0
IPO Reservation
Investor CategoryShares OfferedNo. of Shares
INDIVIDUAL50.03%23,76,000
HNI49.97%23,73,600
Market Maker5.28%2,50,800
Total 100.00%50,00,400
IPO Details
Total Issue Size50,00,400 shares (aggregating up to 50.00 Cr)
Fresh Issue40,00,800 shares (aggregating up to 40.00 Cr)
Offer for Sale9,99,600 shares  (aggregating up to 9.99 Cr)
Issue TypeFixed Price IPO
Listing AtNSE SME
Share Holding Pre Issue1,50,00,000 shares
Share Holding Post Issue1,90,00,800 shares
Reserved for Market Maker2,50,800 shares (aggregating up to 2.51 Cr)
Market MakerArihant Capital Markets Limited
Key Performance Indicator (KPI)
KPIMar-25Mar-24Mar-23
ROE39.72%56.51%44.77%
ROCE32.58%51.44%40.84%
EPS
(basic)
8.517.533.51
P/E
Pre IPO
11.75
P/E
Post IPO
     14.88
Company Financial In Crore
Period EndedMar-25Mar-24Mar-23
Assets97.2479.2876.01
Revenue203.2198.73186.06
Profit After Tax12.7711.295.16
EBITDA16.9213.541.86
Net Worth38.5425.7714.48
Reserves and Surplus23.5424.7713.48
Total Borrowing16.596.684.13


Company Overview

  • Incorporated in 2014
  • Engaged in designing and assembling power backup and solar products
  • Operates under its own registered brand name "SMARTEN"

Business Operations

  • Offers products such as Home UPS systems, Solar Inverters, Power Conditioning Units (PCUs), Charge Controllers, Solar Panels, and Inverter Batteries
  • The product portfolio includes 372 SKUs across six categories

Market Presence

  • Active in 23 states and 2 union territories across India
  • International presence in 17 countries, including markets in the Middle East, Africa, and South Asia

Distribution and Service Network

  • Works with 382 distributors
  • Operates 52 service centers for after-sales support

Workforce

  • As of May 31, 2025, the company has 252 departmental employees

Strength

Diverse and Evolving Product Portfolio: The company offers over 372 SKUs across six major categories, including home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries. This wide product range caters to both residential and commercial segments, making it adaptable to various customer needs and market trends.

Strong R&D Expertise and Innovation Focus: Smarten's dedicated R&D team, with over a decade of experience in power electronics, consistently drives innovation in product design, quality, and efficiency. Their expertise in inverter technology, energy storage, and power conversion helps the company stay ahead in the competitive solar and power backup industry.

Robust Distribution and Service Network: The company has a strong footprint across 23 Indian states and 2 union territories, supported by 380 distributors and 52 service centers. It also operates globally with 31 international distributors. This extensive network ensures wide product accessibility and reliable after-sales support.

Weakness

Lack of Long-Term Agreements with Distributors: The company operates through a non-exclusive distributor network but does not have long-term contracts in place. This makes it vulnerable to losing distributors or facing disruptions in distribution, which could negatively impact business growth, brand reach, and revenue.

Dependency on External Suppliers for Core Products: Smarten relies on third-party vendors for key components used in Home UPS systems and Solar Inverters/PCUs. Any failure by these suppliers to meet quality or delivery commitments could disrupt production and adversely affect operations and financial performance.

High Supplier Concentration in Trading Business: A large portion of revenue comes from trading batteries and solar panels, where the company depends heavily on a few key suppliers. Purchases from the top five suppliers accounted for over 85% in the last three financial years. Any disruption in supply from these vendors may significantly affect the company’s trading revenue and profitability.

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Smarten Power Systems Latest Announcements

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Smarten Power Systems Financial Results

Smarten Power Systems Lead Manager(s)

Smarten Power Systems Address

Smarten Power Systems Limited
374,
1st Floor Pace City-2
Sector - 37,
Gurgaon, Haryana, 122001
Phone: 0124-2210651
Email: cs@smartenpowersystems.com
Website:http://www.smartenpowersystems.com/

Smarten Power Systems Registrar

Maashitla Securities Private Limited
Address: Maashitla Securities Private Limited 451, Krishna Apra Business Square Netaji Subhash Place Pitampura, Delhi, 110034