Smarten Power Systems shares list with strong 44% premium at ₹144 on the NSE SME
The Smarten Power Systems share, after listing at ₹ 144, gained further to intraday highs of ₹ 151.25. This meant more than 50% gains for the Smarten Power Systems shares compared to the IPO or offer price of ₹ 100.
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a day ago
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Shares of Smarten Power Systems was trading at Rs 151.20 on the NSE, a premium of 51.20% compared with the issue price of Rs 100. The scrip was listed at Rs 144, a premium of 44% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 151.20 and a low of Rs 143. About 35.96 lakh shares of the company changed hands at the counter. Smarten Power Systems' IPO was subscribed 5.26 times. The issue opened for bidding on 7 July 2025 and it closed on 9 July 2025. The price of the IPO was fixed at Rs 100 per share. The IPO comprised 50,00,400 equity shares, including a fresh issue of 40,00,800 equity shares and offer for sale (OFS) of 9,99,600 equity shares. The promoter and promoter group shareholding diluted to 67.10% from 91.67% pre-offer. The company intends to utilize the net proceeds for purchase of movable assets of the production line of battery manufacturing unit, to meet the working capital requirements, repayment in full or in part, of the outstanding borrowings, funding capital expenditure requirements and general corporate purposes. Smarten Power Systems is engaged in designing and assembling power backup and advanced solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. It is also engaged in the trading of solar panels and batteries. The company sells its products through distributors within India and exports its products, except solar panels, outside India. Currently, the company operates in 23 states and 2 union territories within India and has established a global footprint in over 18 countries, including regions in the Middle East, Africa, and South Asia. As of 31 May 2025, the company had 252 employees.
Mint
a day ago
- Mint
Smarten Power Systems shares list with strong 44% premium at ₹144 on the NSE SME
Smarten Power Systems shares, on Monday, listed with a strong 44% premium at ₹ 144 on the NSE SME. The shares gained more post-listing. The Smarten Power Systems share, after listing at ₹ 144, gained further to intraday highs of ₹ 151.25. This meant more than 50% gains for the Smarten Power Systems shares compared to the IPO or offer price of ₹ 100. The investor had remained optimistic on the listing of the Smarten Power Systems shares, as was indicated by the subscription numbers and the Grey Market premium for the IPO. Smarten Power Systems IPO was subscribed 5.5 times by the end of day 3, the final day for the IPO. By 9 July 2025, the public offering was subscribed to 4.66 times by individual investors, [.] times by QIB, and 6.31 times by NII. In the Smarten Power Systems IPO, the grey market premium, or GMP, stood at ₹ 15 per share. This had indicated that the Smarten Power Systems shares were available in the grey market at ₹ 15 higher than the upper band of the issue price of ₹ 100. This also had indicated that the market participants were expecting the listing of Smarten Power Systems shares to be 15% above the issue price of ₹ 100 at ₹ 115 per share, as indicated by investor Certainly at ₹ 144, the listing of Smarten Power Systems shares was higher than the expected listing as indicated by the Grey Market premium. Smarten Power Systems Limited was founded in 2014 and creates and builds solar and power backup equipment, such as charge controllers, solar inverters, power conditioning units, and home UPS systems. It also sells solar panels and batteries.
