
Manufacturing · NSE
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.
Price Band
₹100
Issue Size
₹50.00 Cr
Lot Size
1200 shares
GMP
+15.0%
Est. Listing
₹115
at current GMP
Subscribed
5.54x
overall
Open
7 Jul 2025
Close
9 Jul 2025
Allotment
10 Jul 2025
Refund
11 Jul 2025
Demat Credit
12 Jul 2025
Listing
14 Jul 2025
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
10 Jul 2025
Basis finalization
Refunds Initiate
11 Jul 2025
Mandate release
Demat Credit
12 Jul 2025
Shares in demat
Listing Debut
14 Jul 2025
Trading begins
Smarten Power Systems Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹50 Crores. The shares are offered at a price band of ₹100 to ₹100 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-07-12, while un-allotted funds or UPI block mandates will be released on 2025-07-11.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.