{"id":39064,"date":"2025-07-07T12:19:10","date_gmt":"2025-07-07T06:49:10","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/07\/smarten-power-system-limited-ipo-opens-on-july-07-2025\/"},"modified":"2025-07-07T12:19:10","modified_gmt":"2025-07-07T06:49:10","slug":"smarten-power-system-limited-ipo-opens-on-july-07-2025","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/07\/smarten-power-system-limited-ipo-opens-on-july-07-2025\/","title":{"rendered":"Smarten Power System Limited IPO Opens on July 07, 2025"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], July 7: <\/strong>Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise\u00a0\u20b9\u00a050.00 crores, with shares to be listed on the NSE Emerge platform.\u00a0The issue will close on Wednesday, July 09, 2025.<\/p>\n<p>The issue size is 50,00,400 equity shares at a face value of\u00a0\u20b9\u00a010 each with IPO price of\u00a0\u20b9\u00a0100 per share.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Non-Retail Investors \u2013 23,74,800 Equity shares<\/li>\n<li>Retail Individual Investors \u2013 23,74,800 Equity shares<\/li>\n<li>Market Maker Portion \u2013 2,50,800 Equity shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized for purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, Repayment in full or in part, of outstanding borrowings, funding capital expenditure requirements and for general corporate purposes.<\/p>\n<p>The Lead Manager to the Issue is\u00a0Arihant Capital Markets Limited and\u00a0The Registrar to the Issue is\u00a0Maashitla Securities Private Limited.<\/p>\n<p><strong>Mr. Arun Bhardwaj, Managing Director of Smarten Power System Limited\u00a0<\/strong>expressed \u201cOur company has steadily grown by focusing on practical solutions in the power backup and solar energy space. Over the years, we\u2019ve built capabilities that allow us to meet customer needs across both domestic and international markets.<\/p>\n<p>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.\u201d<\/p>\n<p><strong>Mr. Ashok Kumar Jain, Chairman &amp; Managing Director of Arihant Capital Markets Limited\u00a0<\/strong>said, \u201cWe are pleased to be associated with the company in its IPO journey. The company has shown consistent growth, a clear business focus, and an established presence in the power backup and solar energy segments.<\/p>\n<p>This IPO will enable the company to enhance its manufacturing capabilities, improve efficiency, and gradually expand its market reach. Given the sector\u2019s evolving dynamics and the company\u2019s strategic direction, we believe it is well-placed for its next phase of development.\u201d<\/p>\n<p><span data-sheets-root=\"1\">If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise\u00a0\u20b9\u00a050.00 crores, with shares to be listed on the NSE Emerge platform.\u00a0The issue will close on&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/07\/smarten-power-system-limited-ipo-opens-on-july-07-2025\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Smarten Power System Limited IPO Opens on July 07, 2025&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":39065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-39064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=39064"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/39065"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=39064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=39064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=39064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}