31 Mar 2023
Assets76.01
Total Income186.06
EBITDA1.86
Profit After Tax5.16
NET Worth14.48
Reserves and Surplus13.48
Total Borrowing4.13
At a glance
Updated 2026-08-24The shares listed at ₹144.00, a 44.00% move from the issue price. Smarten Power Systems is a SME IPO with an issue size of ₹50.00 crore, proposed for listing on NSE SME. The offer opens on 7th Jul 2025 and closes on 9th Jul 2025. The issue structure includes a fresh issue of ₹37.50 crore and an offer-for-sale component of ₹10.00 crore. The current listing schedule points to 14th Jul 2025.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹50.00 Cr
Fresh issue₹37.50 Cr
Offer for sale₹10.00 Cr
Face value₹10
Price band—–—
Allotment10th Jul 2025
Listing14th Jul 2025
Listing performance
Full performance ↗Issue price₹100.00
Listing price₹144.00
Current price—
Listing gain44.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper priceNO DATA
Est. listing₹115.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens7th Jul 2025
Closes9th Jul 2025
Allotment10th Jul 2025
Refund11th Jul 2025
Demat11th Jul 2025
Listing14th Jul 2025
Subscription demand
Full bidding ↗Total5.51×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | — |
Company
Incorporated2014
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of movable assets of the production line of battery manufacturing unit | ₹4.19 Cr |
| To meet the working capital requirements | ₹22.00 Cr |
| Repayment in full or in part, of the outstanding borrowings | ₹0.95 Cr |
| Funding capital expenditure requirements | ₹4.46 Cr |
| General Corporate Purposes | ₹4.70 Cr |
| Issue Expenses | ₹4.69 Cr |
| Total | ₹40.98 Cr |
Financials
Full financials ↗31 Mar 2024
Assets79.28
Total Income198.73
EBITDA13.54
Profit After Tax11.29
NET Worth25.77
Reserves and Surplus24.77
Total Borrowing6.68
31 Mar 2025
Assets97.24
Total Income203.20
EBITDA16.92
Profit After Tax12.77
NET Worth38.54
Reserves and Surplus23.54
Total Borrowing16.59
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 39.72% |
| ROCE | 32.58% |
| Debt / Equity | 0.43% |
| RoNW | 33.14% |
| PAT Margin | 6.28% |
| EBITDA Margin | 8.39% |
| Price to Book Value | 3.89 |
Valuation & shareholding
Pre-IPO EPS8.51
Post-IPO EPS6.72
Pre-IPO P/E11.75
Post-IPO P/E14.88
Promoter holding pre91.67%
Promoter holding post67.1%
Market cap₹190.01 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Purchase of movable assets of the production line of battery manufacturing unit | ₹4.19 Cr |
| To meet the working capital requirements | ₹22.00 Cr |
| Repayment in full or in part, of the outstanding borrowings | ₹0.95 Cr |
| Funding capital expenditure requirements | ₹4.46 Cr |
| General Corporate Purposes | ₹4.70 Cr |
| Issue Expenses | ₹4.69 Cr |
| Total | ₹40.98 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Arihant Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.