The Smarten Power Systems IPO introduces a prominent player in India’s renewable energy and power backup sector to the public markets. Founded in 2014, Smarten Power Systems specializes in designing and assembling a wide range of products, including home UPS systems, solar inverters, power conditioning units, charge controllers, solar panels, and batteries. The company operates in 23 states and 2 union territories across India and exports to over 17 countries, establishing a strong domestic and international presence. The Smarten Power Systems IPO aims to leverage this momentum to expand its footprint and enhance its product offerings in the evolving renewable energy market.
₹15
₹100
₹144.00
Expert Opinions
The Smarten Power Systems IPO is receiving neutral to moderately positive market sentiment, with experts noting its steady revenue growth and improving profitability. The company’s core strengths include an innovative product portfolio in renewable energy and power backup, strong R&D capabilities, an extensive distribution and after-sales network, and experienced leadership. For FY 2025, the Smarten Power Systems IPO demonstrates robust financials with a Return on Equity (ROE) of 39.72%, Return on Capital Employed (ROCE) of 32.58%, and Net Asset Value (NAV) of ₹25.69.
Risks include dependence on distribution networks, exposure to technological shifts, and competition within the evolving energy sector. From a long-term perspective, Smarten’s expanding domestic and international presence, coupled with planned investments in capacity and product diversification, position it well for growth, making it appealing for investors seeking exposure to India’s renewable energy transition.
Investor Considerations
Investors considering the Smarten Power Systems IPO should note the company’s steady fundamentals, with FY 2025 revenue at ₹203.20 crore and PAT rising 13% to ₹12.77 crore, reflecting efficient management and expanding market reach. The renewable energy and power backup sector outlook is positive, supported by India’s push for clean energy and rising demand for distributed power solutions.
For FY 2025, the Smarten Power Systems IPO is valued at a Price to Book Value of 5.82, PAT margin of 6.28%, and a moderate Debt/Equity ratio of 0.43. Growth prospects are underpinned by planned capacity expansion and product diversification, but risks include high working capital needs, regional concentration, and dependence on key distributors and suppliers. While short-term gains may be possible, the IPO is best suited for long-term investors seeking exposure to India’s evolving renewable energy landscape and willing to monitor operational risks.
| Date | GMP | Trend |
|---|---|---|
| 13 Jul 2025 15.27 | ₹15 | Up |
| 12 Jul 2025 16.02 | ₹8 | Up |
| 11 Jul 2025 10.15 | ₹00 | Down |
| 10 Jul 2025 13.42 | ₹10 | Up |
| 09 Jul 2025 18.01 | ₹5 | Up |
| 08 Jul 2025 12.02 | ₹00 | --- |
| 07 Jul 2025 10.50 | ₹00 | --- |
| 06 Jul 2025 17.09 | ₹00 | --- |
FAQs
The Grey Market Premium showed limited accuracy in predicting Smarten Power Systems IPO’s listing performance. With a final GMP of ₹15, it indicated a modest 15% premium over the issue price of ₹100. However, the stock surprised with a strong listing at ₹144, delivering a hefty 44% gain. This reflects a prediction error of 20.14%, where the GMP correctly signaled a positive debut but significantly underestimated the magnitude of gains, showcasing weak reliability as a precise predictor in this instance.
Smarten Power Systems IPO Current GMP is ₹15.
Smarten Power Systems IPO Expected Returns is 15.00%.
Smarten Power Systems IPO estimated listing price is ₹115.