Smarten Power Systems IPO is a fixed price issue IPO, aiming to raise ₹50.00 crore. It comprises of a fresh issue of 40.01 lakh equity shares, amounting to ₹40.01 crore, and an offer for sale of 10.00 lakh equity shares, aggregating to ₹10.00 crore. The bidding window was open from July 7, 2025, to July 9, 2025, with the IPO allotment to be finalised on July 10, 2025. Smarten Power Systems is scheduled to list on NSE SME on July 14, 2025.
The IPO was priced at ₹100 per share with a lot size of 1200 shares. The public issue received bids for 2,61,74,400 shares against 47,49,601 shares available, resulting in an overall subscription of 5.51 times. NIIs led the response, subscribing 6.31 times their quota, followed by retail investors at 4.66 times.
Smarten Power Systems' ₹50.00 crore IPO, priced at ₹100 per share, was subscribed 5.51 times overall. The IPO is a fresh issue of 40.01 lakh equity shares, amounting to ₹40.01 crore, and an offer for sale of 10.00 lakh equity shares, aggregating to ₹10.00 crore. Bidding took place from July 7 to July 9, 2025, with the Smarten Power Systems IPO allotment status on July 10, 2025. Retail investors subscribed 4.66 and NIIs 6.31 times. Listing is expected on July 14, 2025.
The table below breaks down the Smarten Power Systems share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 2,50,800 (5.02%) |
| NII (HNI) Shares Offered | 23,74,800 (47.49%) |
| Retail Shares Offered | 23,74,800 (47.49%) |
| Total Shares Offered | 50,00,401 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Non-Institutional Investors | 6.31 |
| Retail Individual Investors | 4.66 |
| Total shares | 5.51 |
Note: The subscription details are as of July 9, 2025
Smarten Power Systems Limited is a company engaged in designing and assembling power backup and solar energy products. The product portfolio includes Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers, along with trading of solar panels and batteries.
Products are sold through a network of distributors across India and are also exported to over 17 countries, mainly in the Middle East, Africa, and South Asia. As of now, the company operates in 23 states and 2 union territories within India.
The company was incorporated on July 30, 2014, and converted to a public limited company in November 2024. Smarten’s registered office is located in Gurgaon, Haryana. The business is promoted by four individuals—Arun Bhardwaj, Rajnish Sharma, Ravi Dutt, and Tirath Singh Khaira—who bring over two decades of experience in the power backup industry.
Smarten operates through well-equipped facilities including leased production units and warehouses in Gurgaon. A new manufacturing facility is under development in Jhajjar, Haryana, aimed at boosting production capacity from 600 to 1,200 units per day. This facility, located in the Model Economic Township, will enhance logistics and connectivity.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 9, 2025, 9:47 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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