246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Smarten Power Systems Limited

New Delhi

Date of DRHP : 30 Dec 2024

Issue Type : Fixed Price Issue

IPO Type :
SME IPO

Smarten Power Basic Details

   Solar

Sub Sector: designing and assembling of power back-up and advanced solar power products

Exchange:
NSE Emerge

About the Company

Smarten Power Systems Limited is engaged into designing and assembling of power back-up and advanced solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. They are also engaged in the trading of solar panels and batteries. They sell their products through their distributors within India. They also export their products except solar panels outside India. They generate approximately 66.51% of our revenue through domestic sales and 33.49% of our revenue through exports. Currently, their Company is operating in 23 states and 2 union territories within India and has also established global footprint in over 17 countries which includes Middle East, Africa, and South Asia region.

Financial Summary (Annualised Basis)

Revenue :
248.20 Cr.

PAT :
16.20 Cr.

Smarten Power IPO Lead Manager(s)

Arihant Capital Markets Limited

Smarten Power IPO Registrar

Maashitla Securities Private Limited

Smarten Power DRHP Details

Objects of issue

  • Purchase of movable assets of the production line of battery manufacturing unit
  • To meet the working capital requirements
  • Repayment in full or in part, of our outstanding borrowings
  • Funding capital expenditure requirements
  • General corporate purposes.

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FAQs

Smarten Power Systems operates in Solar and designing and assembling of power back-up and advanced solar power products. The Issue would be listed on SME. The registrar of the Issue is Maashitla Securities Private Limited. The IPO type of Smarten Power Systems is Fixed Price Issue and Object of issue is

  • Purchase of movable assets of the production line of battery manufacturing unit
  • To meet the working capital requirements
  • Repayment in full or in part, of our outstanding borrowings
  • Funding capital expenditure requirements
  • General corporate purposes.

The DRHP (Draft Red Herring Prospectus) of Smarten Power Systems IPO was filed on 30 Dec 2024.

No, Smarten Power Systems IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Smarten Power Systems are not available now. You can apply in Smarten Power Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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