ListedSMEPower Generation/DistributionSMARTEN

Smarten Power Systems IPO

Smarten Power Systems IPO is an SME IPO raising ₹50 Cr at a fixed price of ₹100 a share. It listed on 14 Jul 2025 at ₹144, +44.0% against its issue price of ₹100, and trades at ₹54 today (−46.4% since issue). It was subscribed 0.03× in total.

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₹100

Issue price

₹54

Price now

−46.4%

Since issue price

14 Jul 2025

Listed on

0.03×Subscribed (final) · all exchanges

Only 3% of shares on offer have been bid for

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹100

Cut-off price₹100

Issue size₹50 Cr

Shares per lot1200

Minimum application₹1,20,000

Minimum quantity2400

Face value₹10

Listing exchangesNSE

ISININE14GK01016

Bidding hours10:00 – 17:00 IST

Bidding window7 Jul 2025 – 9 Jul 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.