Smarten Power Systems SME IPO Subscription Status
Smarten Power Systems SME IPO closed on 9 July 2025 with an overall subscription of 5.51x based on shares applied. NII at 6.30x, and retail at 4.61x.
Allotment will be finalised on 10 July 2025. The stock is scheduled to list on NSE and BSE on 14 July 2025.
Issue Price
Rs 100.00
GMP Today
Rs 15.00 (+15.00%)
Overall Subscription
5.51x
Issue Size
₹47.50 Cr
Allotment Date
10 Jul 2025
Listing Date
14 Jul 2025
Smarten Power Systems SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 100.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| NII | Rs 23.75 Cr | Rs 149.63 Cr | 6.30x |
| IND | Rs 23.75 Cr | Rs 109.58 Cr | 4.61x |
| Total | Rs 47.50 Cr | Rs 259.21 Cr | 5.46x |
Smarten Power Systems SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| NII | 23,74,800 | 1,49,62,800 | 6.30x |
| IND | 23,74,800 | 1,09,58,400 | 4.61x |
| Total | 47,49,600 | 2,59,21,200 | 5.46x |
What Do These Subscription Numbers Mean?
A subscription of 5.51x by shares means the IPO received bids for 6 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
NII at 6.30x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 4.61x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Smarten Power Systems SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 4.61x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Smarten Power Systems SME IPO Allotment Status page from 10 July 2025 for your allotment result.
Smarten Power Systems SME IPO GMP After Subscription
GMP for Smarten Power Systems SME stands at Rs 15.00 today, giving an estimated listing price of Rs 115.00 per share.
A subscription of 5.51x combined with a GMP of 15.00% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Smarten Power Systems SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Smarten Power Systems SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 7 Jul 2025 | - | 0.00x | 0.22x | 0.11x |
| Day 2 - 8 Jul 2025 | - | 1.13x | 0.68x | 0.91x |
| Day 3 - 9 Jul 2025 | - | 6.30x | 4.61x | 5.48x |
Smarten Power Systems SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 7 July 2025 |
| IPO Close Date | 9 July 2025 |
| Allotment Date | 10 July 2025 |
| Refund Initiation | 11 July 2025 |
| Share Credit to Demat | 11 July 2025 |
| Listing Date | 14 July 2025 |
| Minimum Investment | Rs 2,40,000.00 |
| Lot Size | 1200 shares |
About Smarten Power Systems SME
Smarten Power Systems Limited, established in 2014, specializes in designing, assembling, and supplying a wide range of power backup and energy-efficient solutions, particularly focusing on solar power products. Their key products include Home UPS systems, solar inverters (pure sine wave and hybrid), solar power conditioning units (PCUs), solar charge controllers (MPPT-based), tubular batteries, and EV chargers (an emerging product line). The company also trades in solar panels and batteries.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Smarten Power Systems SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Smarten Power Systems SME IPO Allotment Status
Check allotment result on allotment date
Smarten Power Systems SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Smarten Power Systems SME IPO Subscription FAQs
What is Smarten Power Systems SME IPO subscription status today?
Smarten Power Systems SME IPO subscription closed on 9 July 2025 with overall subscription of 5.51x (by shares) as of 27 June 2026, 2:47 AM IST. QIB N/A, NII 6.30x, IND 4.61x.
What is the overall subscription of Smarten Power Systems SME IPO?
Smarten Power Systems SME IPO is subscribed 5.51x overall by shares at close on 9 July 2025. QIB N/A, NII 6.30x, and IND 4.61x.
What is Smarten Power Systems SME IPO QIB subscription?
QIB subscription for Smarten Power Systems SME IPO will appear here once institutional bids are recorded.
What is Smarten Power Systems SME IPO IND subscription?
Smarten Power Systems SME IPO IND subscription is 4.61x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Smarten Power Systems SME IPO NII subscription?
Smarten Power Systems SME IPO NII (Non-Institutional Investors) subscription is 6.30x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Smarten Power Systems SME IPO for retail?
Smarten Power Systems SME IPO retail share subscription is 4.61x. Application-wise data is needed for accurate lottery odds.
When is Smarten Power Systems SME IPO allotment date?
Smarten Power Systems SME IPO allotment date is 10 July 2025. Check Smarten Power Systems SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Smarten Power Systems SME IPO subscription close?
Smarten Power Systems SME IPO subscription closed on 9 July 2025. No new applications are accepted after the close.
What is Smarten Power Systems SME IPO GMP today?
Smarten Power Systems SME IPO GMP is ₹15 today (+15.00% over issue price ₹100). See live GMP on the Smarten Power Systems SME IPO GMP Today page.
What is Smarten Power Systems SME IPO issue price and lot size?
Smarten Power Systems SME IPO issue price is ₹100 per share. Lot size is 1200 shares. Minimum investment is ₹2,40,000 per lot (minimum 2 lots for SME). Issue size: ₹47.50 Cr.
When is Smarten Power Systems SME IPO listing date?
Smarten Power Systems SME IPO listing date is 14 July 2025 on NSE and BSE. Allotment is on 10 July 2025.
How does subscription affect Smarten Power Systems SME IPO allotment?
Allotment odds in Smarten Power Systems SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 5.51x overall, competition is moderate.
For allotment results from 10 July 2025, visit the Smarten Power Systems SME IPO Allotment Status page. For listing day updates on 14 July 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.