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15 Days Price Change

Smarten Power System IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 100  to  -- per share
Profile
Min Investment ₹--
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are engaged into designing and assembling of power back-up and advanced solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. We are also engaged in the trading of solar panels and batteries. We sell our products through our distributors within India. We also export our products except solar panels outside India. We generate approximately 66.51% of our revenue through domestic sales and 33.49% of our revenue through exports. Currently, our Company is operating in 23 states and 2 union territories within India and has also established global footprint in over 17 countries which includes Middle East, Africa, and South Asia region. Read More

Basic Info

Face Value 10 per share

Price 100  to  -- per share

P/E (x) --

Sales( Cr.) 202

PAT( Cr.) 13

EPS 8.5

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Arun Bhardwaj Rajnish Sharma Ravi Dutt Tirath Singh Khaira

Pre Issue Share Holding 91.67%

Post Issue Share Holding 67.1%

Listing Details:

Listing Price: 144

Listing Gain: 30.56%

Current Price: 48.2

Gain On Issue: 48.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 07, 2025
Closing Date Jul 09, 2025
Allotment Jul 10, 2025
Refund Jul 11, 2025
Delivery of Shares Jul 11, 2025
Listing Date Jul 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 --
Retail (Max) -- -- --
S-HNI (Min) 1 2400 --
S-HNI (Max) -- -- --
B-HNI (Min) 1 2400 --

Objective of the Issue

1. Purchase of movable assets of the production line of battery manufacturing unit 2. To meet the working capital requirements 3. Repayment in full or in part, of our outstanding borrowings 4. Funding capital expenditure requirements 5. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 122400 0x
NII 0 15102000 0x
Retail 0 11078400 0x
EMP 0 0 0x
Total 0 26302800 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Smarten Power System Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 164 180 195 202
Other Income 5 6 4 1
Total Income 168 186 199 203
Total Expenditure 162 178 182 185
Operating Profit 6 8 17 18
Interest 0 0 1 1
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 6 7 16 17
Provision for Tax 2 2 5 4
Profit After Tax 4 5 11 13
Adjustments 0 0 0 0
Profit After Adjustments 4 5 11 13
Adjusted Earnings Per Share 11.1 3.4 7.5 8.5

Smarten Power System Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 14 26 39
Minority's Interest 0 0 0 0
Borrowings 1 0 1 2
Other Non-Current Liabilities 0 1 1 1
Total Current Liabilities 52 61 52 55
Total Liabilities 62 76 79 97
Fixed Assets 5 5 5 5
Other Non-Current Assets 0 0 1 7
Total Current Assets 57 71 73 86
Total Assets 62 76 79 97

Smarten Power System Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 3 2 3
Cash Flow from Operating Activities 3 -3 0 -3
Cash Flow from Investing Activities -2 -0 -1 -6
Cash Flow from Financing Activities 1 2 2 9
Net Cash Inflow / Outflow 1 -1 1 1
Closing Cash & Cash Equivalent 3 2 3 3

Smarten Power System Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.06 3.44 7.53 8.51
CEPS(Rs) 12.08 3.7 7.79 8.79
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 23.73 9.65 17.18 25.69
Core EBITDA Margin(%) 1.02 1.04 6.94 8.39
EBIT Margin(%) 3.58 4.23 8.55 8.91
Pre Tax Margin(%) 3.37 4.01 8.24 8.5
PAT Margin (%) 2.44 2.87 5.78 6.33
Cash Profit Margin (%) 2.66 3.08 5.98 6.53
ROA(%) 6.45 7.49 14.55 14.49
ROE(%) 46.6 44.77 56.11 39.72
ROCE(%) 53.45 51.47 65.39 41.04
Receivable days 60.77 60.37 70.06 73.2
Inventory Days 45.71 51.74 49.71 51.28
Payable days 116 109.79 92 69.59
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0 0.02 0.03 0.14
EV/Core EBITDA(x) -0.01 0.4 0.3 1.54
Net Sales Growth(%) 0 9.82 8.48 3.36
EBIT Growth(%) 0 29.79 119.22 7.66
PAT Growth(%) 0 29.25 118.94 13.11
EPS Growth(%) 0 -68.92 118.95 13.11
Debt/Equity(x) 0.28 0.29 0.26 0.43
Current Ratio(x) 1.1 1.17 1.42 1.55
Quick Ratio(x) 0.7 0.67 0.98 0.93
Interest Cover(x) 17.14 18.81 27.76 22.08
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 7% 0% 0%
Operating Profit CAGR 6% 44% 0% 0%
PAT CAGR 18% 48% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 40% 47% 47% 47%
ROCE Average 41% 53% 53% 53%

Company Contact Information

Smarten Power Systems Ltd.

Rajbir Sharma

0124-2210651

cs@smartenpowersystems.com

374, 1st Floor Pace City-2 Sector - 37

IPO Lead Manager(s)

Smarten Power Systems Ltd.

Arihant Capital Markets Ltd.

Registrar Info

Smarten Power Systems Ltd.

Maashitla Securities Pvt Ltd.

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi – 110034

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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