Smarten Power Systems Limited IPO

Incorporated in 2014, Smarten Power Systems Limited designs and assembles power backup and solar products, including Home UPS systems, solar inverters, power conditioning units, and charge controllers, and trades solar panels and batteries. The Company operates in 23 states and two union territories in India and has a global presence in 17 countries, including the Middle East, Africa, and South Asia. The company assembles and trades products under the SMARTEN brand and its registered patent. The company has a portfolio of 372 SKUs across six categories: home UPS systems, solar inverters, PCUs, charge controllers, solar panels, and batteries. The Company operates with a network of 382 distributors and 52 service centers for after-sales support.  Products: Home UPS Systems Solar Inverters / Solar Power Conditioning Units (PCUs) Solar Charge Controllers Solar Panels Inverter Batteries As of May 31, 2025, the company has 252 department employees. Competitive Strength: Innovative Product Range and Technological Advancements. Strong Research and Development (R&D) Capabilities. Extensive Distribution and After-Sales Service Network. Vendor Relationships and Supply Chain Efficiency. Experienced Leadership and Operational Expertise.

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