4 days ago
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)
