Latest news with #SmartenPowerSystem
Time of India
2 days ago
- Business
- Time of India
Smarten Power Systems IPO opens on July 7; price band fixed at ₹100/share
Smarten Power System on Sunday said it has fixed the price at ₹100 per equity share for its ₹50-crore initial public offering ( IPO ) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to ₹40.01 crore and an offer for sale of 10 lakh shares aggregating to ₹10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of ₹203.20 crore and a profit after tax of ₹12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Time of India
2 days ago
- Business
- Time of India
Smarten Power Systems IPO opens on July 7; price band fixed at Rs 100/share
Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering ( IPO ) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read Now Undo The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. Live Events "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Economic Times
2 days ago
- Business
- Economic Times
Smarten Power Systems IPO opens on July 7; price band fixed at Rs 100/share
Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO) that will open for subscription on July 7. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering IPO ) that will open for subscription on July IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries."This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency."It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
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Business Standard
2 days ago
- Business
- Business Standard
Smarten Power IPO to open on Jul 7, sets issue price band at ₹100/share
Smarten Power System on Sunday said it has fixed the price at ₹100 per equity share for its ₹50-crore initial public offering (IPO) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to ₹40.01 crore and an offer for sale of 10 lakh shares aggregating to ₹10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of ₹203.20 crore and a profit after tax of ₹12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Time of India
3 days ago
- Business
- Time of India
Smarten Power System IPO opens on Monday. Check price band, GMP, other details
Smarten Power System's Rs 50 crore SME IPO opens on July 7, with shares priced at Rs 100 each. The issue includes fresh equity and offer for sale, and will list on NSE SME platform on July 14. Tired of too many ads? Remove Ads Price band for Smarten Power System IPO Latest GMP for Smarten Power System IPO Smarten Power System IPO's listing, allotment and closing date Tired of too many ads? Remove Ads Proceeds from IPO Smarten Power System IPO lot size Smarten Power System's financials Tired of too many ads? Remove Ads IPO's book running lead manager and registrar The SME initial public offering (IPO) of Smarten Power System Limited will open for public bidding on Monday, July 7. The company aims to raise Rs 50 crore through a combination of fresh issue and offer for sale, and its stock will get listed on the NSE SME platform on July company has fixed the IPO price at Rs 100 per of the issue, the company's unlisted shares were not commanding any premium in the grey Power System IPO will open for public subscription on July 7 and close on July 9. The allotment is expected to be finalized on July 10, and the company's shares are scheduled to list on July 14 on the NSE SME net proceeds from the IPO will be used for the purchase of movable assets for the battery manufacturing unit, working capital requirements, repayment of borrowings, capital expenditure, and other general corporate can bid for a minimum of 1,200 shares, requiring an investment of Rs 1.44 lakh for retail investors. For high-net-worth individuals (HNIs), the minimum application is 3 lots (3,600 shares), amounting to Rs 3.60 Power System, incorporated in 2014, is engaged in the design and assembly of power backup and solar energy products. Its offerings span home UPS systems, solar inverters, solar panels, batteries, solar charge controllers, and PCUs, with a total of 372 company operates under the SMARTEN brand and has a wide domestic footprint across 23 states and 2 union territories, along with an international presence in 17 countries, including those in Africa, the Middle East, and South Power has a network of 382 distributors and 52 service centers, and is certified with ISO 9001:2015 and ISO 14001:2015, reflecting its commitment to quality and FY25, the company reported a revenue of Rs 201.75 crore, EBIT of Rs 17.96 crore, and a profit after tax of Rs 12.77 book-running lead manager to the issue is Arihant Capital Markets , and the registrar is Maashitla Securities Private Ltd. The market maker is also Arihant Capital Markets.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
