Founded in 2014 and headquartered in Gurgaon, Smarten has evolved into a rising force in the power backup and solar solutions industry. Think of them as the quiet enablers behind your uninterrupted Zoom calls, glowing home lights during power cuts, and solar panels soaking up sunrays on rooftops across India.
🌍 The Reach
- Active in 23 Indian states + 2 UTs
- Exporting to 17 countries, including the Middle East, Africa, and South Asia
- 382 distributors & 52 service centers powering their network
🔧 The Products
Smarten’s lineup features 372 SKUs (yep, they’re that detailed!), across:
- Home UPS systems
- Solar inverters & Power Conditioning Units (PCUs)
- Solar charge controllers
- Solar panels
- Inverter batteries
Whether it’s keeping your home running during outages or helping entire villages access solar energy — they’ve got it covered.
🚀 What Makes Them Stand Out?
- All products carry the “SMARTEN” brand — fully registered and trusted
- Focus on designing + assembling their products in-house for quality control
- Combining solar tech with backup efficiency — a fusion-first mindset
As of May 31, 2025, the company has 252 department employees.
Smarten Power Systems IPO – Details
| IPO Opening Date | 07 July 2025 |
| IPO Closing Date | 09 July 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 50,00,400 Shares Worth ₹50.00 Crore Fresh Issue: 40,00,800 Shares Worth ₹40.01 Crore Offer for Sale: 9,99,600 Shares Worth ₹9.99 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 Per Share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares ( 1 Lot ) |
| Listing At | NSE SME |
| Registrar | Maashitla Securities Private Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Smarten Power Systems IPO – Date Schedule
| IPO Open Date | 07 July 2025 |
| IPO Close Date | 09 July 2025 |
| Basis of Allotment | 10 July 2025 |
| Initiation of Refund | 11 July 2025 |
| Credit of Shares to Demat | 11 July 2025 |
| IPO Listing Date | 14 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 09, 2025 |
Smarten Power Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,40,000 |
| Retail (Max) | 2 | 2400 | ₹2,40,000 |
| HNI (Min) | 3 | 3600 | ₹3,60,000 |
Competitive Strengths
- Innovative Product Range and Technological Advancements.
- Strong Research and Development (R&D) Capabilities.
- Extensive Distribution and After-Sales Service Network.
- Vendor Relationships and Supply Chain Efficiency.
- Experienced Leadership and Operational Expertise.
Company Promoters
- Arun Bhardwaj
- Rajnish Sharma
- Ravi Dutt
- Tirath Singh Khaira
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹186.06 Cr | ₹178.85 Cr | ₹5.16 Cr | ₹4.13 Cr |
| 31 March 2024 | ₹198.73 Cr | ₹182.64 Cr | ₹11.29 Cr | ₹6.68 Cr |
| 31 March 2025 | ₹203.20 Cr | ₹186.04 Cr | ₹12.77 Cr | ₹16.59 Cr |
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.51 | 6.72 |
| P/E (x) | 11.75 | 14.88 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase of movable assets of the production line of the battery manufacturing unit. | ₹4.19 |
| To meet the working capital requirements. | ₹22.00 |
| Repayment in full or in part, of the outstanding borrowings. | ₹0.95 |
| Funding capital expenditure requirements. | ₹4.46 |
| General Corporate Purposes | ₹4.70 |
Smarten Power Systems IPO Peer Comparison
| S.No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | Smarten Power Systems Limited | 11.75 |
| 2 | 10 | GP Eco Solutions India Limited | 42.26 |
| 3 | 10 | Sungarner Energies Limited | 40.81 |
✅Strengths
- Diverse product range with 372 SKUs.
- Presence in 23 Indian states and 18+ countries.
- Strong network: 382 distributors & 52 service centers.
- In-house R&D and assembly with patented design.
- Experienced promoters with industry expertise.
⚠️Risks
- Working capital–intensive operations.
- Dependency on third-party suppliers for key products.
- Highly competitive and price-sensitive market.
- Limited own manufacturing capabilities.
- Export exposure to forex and geopolitical risks.
Smarten Power Systems IPO Promoter Holding
| Pre Issue Share Holding | 91.67% |
| Post Issue Share Holding | 67.10% |
Smarten Power Systems IPO Prospectus
Company Contact Information
| 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 IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Smarten Power Systems IPO Lead Manager(s)
| 1. Arihant Capital Markets Ltd |
Smarten Power Systems IPO FAQ
| What is Smarten Power Systems IPO? Smarten Power Systems IPO is an SME IPO. The issue is priced at ₹100 per equity share. The IPO is to be listed on NSE SME. |
| When will Smarten Power Systems’ IPO open? The IPO is to open on 07 July 2025 for NII and Retail Investors. |
| What is Smarten Power Systems’ IPO Investors’ Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Smarten Power Systems IPO? You can apply Smarten Power Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Smarten Power Systems IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Smarten Power Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Smarten Power Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Smarten Power Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Smarten Power Systems IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Smarten Power Systems IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Smarten Power Systems IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Smarten Power Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Smarten Power Systems IPO Size? Smarten Power Systems IPO size is ₹50.00 Crore. |
| What is the Smarten Power Systems IPO Price Band? Smarten Power Systems IPO Price Band is ₹100. |
| What is Smarten Power Systems IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,40,000 amount, while the maximum bid is 2400 Shares with ₹2,40,000. |
| What is the Smarten Power Systems IPO Allotment Date? Smarten Power Systems IPO allotment date is 10 July 2025. |
| What is the Smarten Power Systems IPO Listing Date? Smarten Power Systems’ IPO listing date is 14 July 2025. The IPO is to be listed on the NSE SME. |
