Smarten Power Systems IPO set to list today. GMP signals healthy premium
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Smarten Power Systems is set to make its debut on the NSE SME platform on July 14 following a successful Rs 50 crore IPO that closed on July 9. The fixed-price issue, which was entirely subscribed, included a fresh issue of Rs 40 crore and an offer for sale of Rs 10 crore, priced at Rs 100 per share. Ahead of its listing, the stock is commanding a GMP of around Rs 15, indicating a potential 15% upside over the issue price. This suggests a likely listing in the Rs 115 range, assuming market conditions remain stable. The IPO was subscribed across both retail and HNI categories, each allocated nearly 47.5% of the issue. The allotment was finalized on July 10, with shares already credited to investor demat accounts. Founded in 2014, Smarten Power Systems is a Delhi-based company engaged in the design and assembly of power backup and solar energy products. Its portfolio includes home UPS systems, solar inverters, solar charge controllers, sola...