Smarten Power Systems IPO: The three-day subscription of initial public offering (IPO) of Smarten Power Systems Limited will begin tomorrow (Monday, July 7). The Smarten Power Systems IPO subscription will close on July 9. According to PTI, the company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. The 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, reports PTI. The Smarten Power Systems 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. Smarten Power Systems IPO Price Band Smarten Power Systems Ltd has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO). Smarten Power Systems IPO Registrar Maashitla Securities Private Limited is the registrar for Smarten Power Systems IPO. Smarten Power Systems IPO Face Value, Tick Size The face value and tick size of Smarten Power Systems IPO is Rs 10 and Re 1, respectively. Smarten Power Systems IPO Allotment Date Smarten Power Systems IPO will be finalised on July 10. Smarten Power Systems IPO Listing Date Smarten Power Systems IPO will be listed on NSE on July 14. Smarten Power Systems IPO Book Running Lead Manager Arihant Capital Markets Limited is the book running lead manager for Smarten Power Systems IPO. Smarten Power Systems IPO Sponsor Bank ICICI Bank Limited is the sponsor bank for Smarten Power Systems IPO. About Smarten Power Systems Limited 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.
