IPO Trending
SMARTENSME / NSEListed
Smarten Power Systems

Smarten Power Systems Limited, established in 2014, specializes in designing and assembling a wide range of power backup and solar products. These include home UPS systems, solar inverters, power conditioning units, charge controllers, and it also trades solar panels and batteries. The company operates across 23 Indian states and two union territories, and has expanded its reach to 17 countries globally, covering regions such as the Middle East, Africa, and South Asia. It markets and assembles products under its own SMARTEN brand, which is backed by a registered patent. The company offers 372 product variants across six major categories, which include home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries. Smarten works through a distribution network of 382 partners and provides after-sales support via 52 service centers. As of May 31, 2025, the company employs 252 staff members across various departments.

₹100 - ₹1005.54x sub
Listed Price₹144.00
Listing Gain+44.00%

IPO Schedule & Timeline

Fixed Price IPO
Open07 Jul 2025
Close09 Jul 2025
Allotment10 Jul 2025
Listing14 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail23,74,800 shares
47.49%
HNI23,74,800 shares
47.49%
Market Maker2,50,800 shares
5.02%

Minimum Application Lots

Retail2 Lots (2,400 shares)
₹2,40,000
sHNI3 Lots (3,600 shares)
₹3,60,000
bHNI9 Lots (10,800 shares)
₹10,80,000

Company Promoters

Arun BhardwajRajnish SharmaRavi DuttTirath Singh Khaira

Company Background

Smarten Power Systems Limited, established in 2014, specializes in designing and assembling a wide range of power backup and solar products. These include home UPS systems, solar inverters, power conditioning units, charge controllers, and it also trades solar panels and batteries. The company operates across 23 Indian states and two union territories, and h...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹203.2 Cr
Growth+9.2%
Revenue Trend (₹ in Crores)
0.077.9155.8233.7Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25203.2012.7797.2416.59
Mar-24198.7311.2979.286.68
Mar-23186.065.1676.014.13

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-258.5139.72%32.58%11.7514.88
Mar-247.5356.51%51.44%00
Mar-233.5144.77%40.84%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
10 Jul 2025
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
14 Jul 2025

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for Smarten Power Systems. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization10 Jul 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date14 Jul 2025Trading commences on exchange

How to Check Smarten Power Systems Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Smarten Power Systems from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Smarten Power Systems IPO

Complete issue overview for Smarten Power Systems (SMARTEN) IPO. The issue features an equity share price band of ₹100 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions