Latest news with #SmartenPowerSystems
Time of India
2 hours ago
- Business
- Time of India
Smarten Power Systems IPO opens today: Check price band, issue size and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Smarten Power Systems, a Delhi-based manufacturer of solar and power backup equipment, will open its IPO today, aiming to raise Rs 50 crore through a mix of fresh issuance and offer for sale. The issue, priced at Rs 100 per share, will close for subscription on July IPO consists of a fresh issue of 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale (OFS) of 10 lakh shares worth Rs 10 crore. Arihant Capital Markets is acting as both the lead manager and market maker for the IPO, which will be listed on the NSE SME platform. The allotment is expected to be finalized by July 10, with shares likely to list on July investors can bid for a minimum of two lots or 2,400 shares, amounting to Rs 2.4 company is known for designing and assembling a wide range of power solutions under its own brand, product portfolio includes home UPS systems, solar inverters, charge controllers, solar panels, and inverter batteries. It operates in 23 Indian states and exports to 17 countries across the Middle East, Africa, and South of May 2025, the company had a distribution network of 382 dealers and 52 service centers, supporting 372 SKUs across six categories. It employs 252 staff across proceeds from the issue will be used to purchase movable assets for a battery manufacturing unit, meet working capital needs, repay borrowings, and fund capital expenditure. For FY25, the company reported a revenue of Rs 203.2 crore and a net profit of Rs 12.77 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 hours ago
- Business
- Economic Times
Smarten Power Systems IPO opens today: Check price band, issue size and other details
Smarten Power Systems launches its IPO today, aiming to raise Rs 50 crore through a fresh issue and offer for sale, priced at Rs 100 per share. Synopsis Smarten Power Systems, a Delhi-based solar equipment manufacturer, is set to launch its IPO today. The company aims to raise Rs 50 crore through fresh issuance and offer for sale. The IPO will be priced at Rs 100 per share and will close on July 9. The proceeds will be used for expansion and working capital. Smarten Power Systems, a Delhi-based manufacturer of solar and power backup equipment, will open its IPO today, aiming to raise Rs 50 crore through a mix of fresh issuance and offer for sale. The issue, priced at Rs 100 per share, will close for subscription on July 9. ADVERTISEMENT The IPO consists of a fresh issue of 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale (OFS) of 10 lakh shares worth Rs 10 crore. Arihant Capital Markets is acting as both the lead manager and market maker for the IPO, which will be listed on the NSE SME platform. The allotment is expected to be finalized by July 10, with shares likely to list on July 14. Retail investors can bid for a minimum of two lots or 2,400 shares, amounting to Rs 2.4 lakh. The company is known for designing and assembling a wide range of power solutions under its own brand, product portfolio includes home UPS systems, solar inverters, charge controllers, solar panels, and inverter batteries. It operates in 23 Indian states and exports to 17 countries across the Middle East, Africa, and South of May 2025, the company had a distribution network of 382 dealers and 52 service centers, supporting 372 SKUs across six categories. It employs 252 staff across departments. ADVERTISEMENT The proceeds from the issue will be used to purchase movable assets for a battery manufacturing unit, meet working capital needs, repay borrowings, and fund capital expenditure. For FY25, the company reported a revenue of Rs 203.2 crore and a net profit of Rs 12.77 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
19 hours 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.
Mint
a day ago
- Business
- Mint
Smarten Power Systems IPO set to open on Monday: Check GMP, price, other key details of the SME IPO
Smarten Power Systems IPO: The initial public offering (IPO) of Smarten Power Systems, a Gurugram-based power backup and solar products company, is set to open for public subscription on Monday, July 7. The ₹ 50 crore SME IPO combines a fresh issue of 40,00,800 shares and an offer for sale of 9,99,600 shares. According to market sources, the latest grey market premium (GMP) of Smarten Power Systems shares was nil, which indicates the stock could be listed at par with the issue price. The SME IPO will be for subscription on Monday, July 7, and conclude on Wednesday, July 9. The price of the SME IPO has been fixed at ₹ 100 per equity share. Smarten Power Systems intends to raise ₹ 50 crore from the issue, which it will use to purchase assets of the battery manufacturing unit's production line, meet working capital requirements, repay some borrowings, and/or for general corporate purposes. Arihant Capital Markets Ltd is the book-running lead manager, while Maashitla Securities Private Limited is the registrar for the issue. Bidders can apply in lots, and one lot of the NSE SME IPO comprises 2,400 company shares. Nearly 47.5 per cent of the net issue is reserved for retail investors, while the same amount is reserved for NIIs. The remaining 5 per cent is reserved for market makers. The IPO is closing on Wednesday, July 9, so as per SEBI's listing rules, the company is expected to finalise the share allotment on Thursday, July 10. Successful bidders can expect shares of the company in their demat accounts on Friday, July 11, and bidders who fail to get the allocation may get the refund on the same day. As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the NSE SME on Monday, July 14. Smarten Power Systems designs and assembles power back-up and advanced solar power products such as home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. It also trades solar panels and batteries. According to the company's DRHP, it generates approximately 66.51 per cent of its revenue through domestic sales and 33.49 per cent of its revenue through exports. Currently, the company operates in 23 states and two union territories within India and has also established a global footprint in over 17 countries, including the Middle East, Africa, and the South Asia region. The company's profit for FY22 was nearly ₹ 4 crore, which rose to nearly ₹ 5.2 crore in FY23 and ₹ 11.3 crore in FY24. In FY25, for the period ended June 30, the profit stood at ₹ 4.05 crore. Read all IPO-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.
Economic Times
a day 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.
