Smarten Power Systems Limited
- Minimum Investment₹1,20,000
- Price Range₹100 - ₹100
- Issue Size₹50.00 Cr
- Lot Size1200 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Purchase of movable assets of the production line of battery manufacturing unit
To meet the working capital requirements
Repayment in full or in part, of the outstanding borrowings
Funding capital expenditure requirements
General corporate purposes
Strengths & Weaknesses of Smarten Power Systems Limited
R&D capabilities
The company maintains a dedicated R&D team of seven specialists with deep expertise in power electronics, inverter design, and energy storage systems. This focus has led to the development of advanced products like MPPT-based inverters, high-efficiency converters, and smart energy management systems
Distribution network
The company has built an extensive distribution and service network across 23 Indian states, 2 union territories, and internationally via 31 distributors. Its two-tier service system—using in-house engineers and distributor-based franchise agreements—ensures prompt complaint resolution and enhances customer satisfaction
Diverse product portfolio
The company offers over 372 SKUs across five key categories: home UPS systems, solar inverters, power conditioning units, solar charge controllers, and batteries. These products cater to a wide range of customers, from households to commercial solar installations
Geographically concentrated
The company derives a significant portion of its revenue from Haryana and Uttar Pradesh, making its business vulnerable to region-specific economic, regulatory, and infrastructural challenges. Any adverse events in these states—such as economic downturns, policy changes, increased competition, or disruptions in power supply—could negatively impact operations and financial performance
Depend on Distributors
The company operates without long-term agreements with its distributors, relying instead on non-exclusive arrangements. This exposes it to the risk of distributor disengagement, failure to make timely payments, or prioritization of competitor products offering better incentives
Depend on Suppliers
The company heavily depends on third-party suppliers for raw materials required in its Home UPS Systems and Solar Inverters/Solar PCUs, as well as for batteries and solar panels used in its trading business. Although multiple suppliers are engaged to mitigate dependency, the top five suppliers contribute over 85% of purchases for its trading operations
Financials
Earnings Per Share
No Data
Balance Sheet
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About Smarten Power Systems Limited
- PromoterArun Bhardwaj
- PromoterRajnish Sharma
- PromoterRavi Dutt
- PromoterTirath Singh Khaira