Smarten Power Systems IPO

About the company

Incorporated in 2014, Smarten Power Systems Limited is engaged in designing and assembling power back-up and advanced solar power products while also trading in solar panels and batteries. It generates approx 76.41% of its revenue through domestic sales and 23.59% through exports, operating across 23 states and 2 UTs within India while maintaining a global footprint in 18+ countries. In FY25, Solar Inverters contributed the highest (32.60%) to overall revenue, followed by batteries (31.68%), while rest of the revenue came from home UPS systems, solar panels and solar charge controllers. Currently, the infrastructure enables production of around 600 units/day with capacity to increase to 1,200 units/day once the proposed facility at Model Economic Township becomes operational in FY26.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   07 Jul 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   09 Jul 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   10 Jul 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   11 Jul 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   11 Jul 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   14 Jul 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.