📰 Smarten Power Systems IPO to Open on July 7: Key Details You Must Know
Smarten Power Systems Ltd, a leading name in the power backup solutions space, is set to open its Initial Public Offering (IPO) for subscription on July 7, 2024. The public issue has garnered strong interest due to the company’s consistent financial performance and robust distribution network. Here's everything investors need to know — from price band and GMP to allotment date and listing timeline.
📌 IPO Highlights
IPO Opening Date: July 7, 2024
IPO Closing Date: July 9, 2024
Price Band: ₹82 to ₹87 per equity share
Face Value: ₹10 per share
Lot Size: 1600 shares
Total Issue Size: ₹144 crores (approx.)
Listing Exchange: NSE SME Platform
Book Lead Manager: Corporate Capital Ventures Pvt Ltd
Registrar: Bigshare Services Pvt Ltd
📊 Company Overview
Smarten Power Systems, headquartered in Delhi, specializes in manufacturing solar inverters, batteries, and UPS systems. The company has a pan-India presence with more than 100 distributors and over 2,500 dealers.
With the surge in renewable energy adoption, Smarten has seen notable growth in its solar products segment. The IPO proceeds will be used for working capital requirements, expansion of manufacturing units, and general corporate purposes.
🔍 Market Sentiment & GMP
As per grey market sources, the GMP (Grey Market Premium) is hovering around ₹30-35, indicating solid investor interest. If this trend continues, the IPO is likely to deliver listing gains, especially in the SME segment.
📆 Important Dates
| Event | Date |
|---|---|
| IPO Open Date | July 7, 2024 |
| IPO Close Date | July 9, 2024 |
| Basis of Allotment | July 10, 2024 |
| Refund Initiation | July 11, 2024 |
| Demat Credit | July 12, 2024 |
| Listing Date | July 15, 2024 |
📈 Financial Performance
FY23 Revenue: ₹135.42 crore
FY23 Net Profit: ₹9.76 crore
3-Year CAGR Revenue Growth: 19.3%
EBITDA Margin: 10.4%
These numbers reflect solid business fundamentals and profitability, which can drive long-term investor confidence.
🧭 Vizzve Finance Insight
This blog was among the fastest indexed finance stories related to upcoming IPOs on Google Trends (July 6, 2024), under “SME IPO India” and “Smarten Power IPO GMP” search queries — powered by Vizzve Finance’s real-time tracking tools.
FAQ
Q1: What is the Smarten Power Systems IPO opening date?
A: The IPO opens for subscription on July 7, 2024.
Q2: What is the price band of Smarten Power Systems IPO?
A: The price band is fixed at ₹82 to ₹87 per share.
Q3: Is there any GMP available for Smarten Power IPO?
A: Yes, the current GMP is around ₹30–₹35, showing a positive market outlook.
Q4: When will the allotment for Smarten Power IPO be announced?
A: Allotment is expected to be finalized on July 10, 2024.
Q5: Where will Smarten Power Systems shares be listed?
A: The shares will be listed on the NSE SME platform on July 15, 2024.
Published on:July 6,2025
Published by :Selvi
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