Smarten Power Systems Limited IPO

Smarten Power Systems Limited's IPO is launched by its company to raise ₹50 crore via a combination fresh issue of 40 lakh shares and an offer for sale (OFS) of approximately 10 lakh shares. The subscription window of the IPO will be open from July 7 to July 9, 2025. The company has decided a fixed price of ₹100 per share for the issue. IPO will have a lot size of 1,200 shares, making a total of ₹1,20,000 required by the retail investor to invest in this IPO. The shares are supposed to be listed on the NSE Emerge platform with a tentative listing date of July 12, 2025.

Company Background

The Smarten Power Systems Limited IPO company was established in 2014 with its headquarters located in Gurugram, Haryana. The company is a leading trader and manufacturer of power backup and solar energy equipment that includes Home UPS systems, solar inverters and power conditioning units. Smarten Power Systems Limited was established with a motive to meet the growing demand for reliable and sustainable energy solutions. It has made a strong presence across India as well as internationally with its innovative products.

Operations & Product Range

Facility & Production

Smarten Power has its primary manufacturing facility located in Haryana and is setting up a new plant in Jhajjar as well. Currently, the company manufactures around 600 units per day including everything from Home UPS, solar inverters, PCUs, to charge controllers. But with the new manufacturing plant, the company is expecting to double its production capacity to 1200 units per day. It is also in the process of acquiring a battery production plant in Himachal Pradesh for better supply chain control and backward integration.

Brands & Market Presence

Smarten Power Systems Limited IPO’s product portfolio includes UPS systems, solar inverters and Power Conditioning Units (PCUs), solar controllers, solar panels and batteries. The company has a distributor network spread over 23 indian states and 2 union territories that helps the company to distribute its products across the country. The company has also expanded its presence internationally by exporting the products to over 18 countries such as the UAE, Nigeria, Bangladesh and Nepal.

Revenue Channels

• The company earns its major revenue, approximately 66.5% with domestic sales.
• The other 33.5% revenue comes from international markets where it exports its products to countries in the Middle East, Africa and South Asia.
• Major revenue contributors are Home UPS systems, solar inverters/PCUs and batteries.
• FY2024 Financials: Revenue of ₹195.2 crore and Profit After Tax (PAT) of ₹11.29 crore.

Management & Shareholding

Promoters & Shareholding

The Smarten Power Systems Limited IPO has Arun Bhardwaj, Rajnish Sharma, Ravi Dutt and Tirath Singh Khaira in its promoters list. As per the prospectus filed with SEBI, promoters currently hold 91.67% of the company’s shares collectively, which will remain at 67.10% after the IPO.

Board Members

The board of directors comprises Arun Bhardwaj (Managing Director), Rajnish Sharma (Director), Ravi Dutt (Director) and Tirath Singh Khaira (Director). Other independent or non-promoter board members are not detailed in public sources.