Price band for Smart Power System IPO
The company has fixed IPO price for Rs 100 per share.
Latest GMP for Smart Power System IPO
Next to this issue, the company’s unwanted shares were not commanding any premium in the gray market.
Smart Power System IPO List, Allocation and Close Date
Living events
The Smart Power System IPO will open on July 7 for public subscription and close on July 9. The allocation is expected on July 10, and the company’s shares on the NSE SME platform are listed on July 14.
IPA’s income
Net income from IPOs will be used for battery manufacturing units, functional capital requirements, payment of OROW, capital costs and movable assets for other general corporate purposes.
Smart Power System IPO Lot Size
Investors can bid for at least 1,200 stocks, with Rs. 1.44 lakh investment is required. For high-net-worth individuals (HNIS), the minimum application is 3 flour (3,600 shares), which is Rs. 3.60 lakhs.
The smart power system, included in 2014, is engaged in the design and assembly of power backup and solar energy products. Home UPS systems, solar inverters, solar panels, batteries, solar charge controllers and PCUs, with a total of 372 SKUs in its ings fur.
The company is operating under the Smart brand and has a huge domestic footprint in 23 states and 2 union regions, with international presence in 17 countries including Africa, Middle East and South Asia.
Smile Power has a network of 382 distributors and 52 service centers, and is certified with ISO 9001: 2015 and ISO 14001: 2015, which reflects its commitment to quality and durability.
The financial smart of power system
In FY 25, the company has paid Rs. 201.75 crore, EBIT worth Rs 17.96 crore and a tax of Rs 12.77 crore were made.
IPO Book Running Lead Manager and Registrar
The lead manager, who runs a book on this issue, is the capital markets, and Registrar Mashita Securities Private Ltd. Is Market maker is also a Arihant Capital Markets.
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