Latest news with #ArunBhardwaj
Time of India
7 days ago
- Business
- Time of India
Smarten Power Systems IPO opens on July 7; price band fixed at ₹100/share
Smarten Power System on Sunday said it has fixed the price at ₹100 per equity share for its ₹50-crore initial public offering ( IPO ) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to ₹40.01 crore and an offer for sale of 10 lakh shares aggregating to ₹10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of ₹203.20 crore and a profit after tax of ₹12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Time of India
06-07-2025
- Business
- Time of India
Smarten Power Systems IPO opens on July 7; price band fixed at Rs 100/share
Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering ( IPO ) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read Now Undo The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. Live Events "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Economic Times
06-07-2025
- Business
- Economic Times
Smarten Power Systems IPO opens on July 7; price band fixed at Rs 100/share
Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO) that will open for subscription on July 7. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering IPO ) that will open for subscription on July IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries."This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency."It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
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Business Standard
06-07-2025
- Business
- Business Standard
Smarten Power IPO to open on Jul 7, sets issue price band at ₹100/share
Smarten Power System on Sunday said it has fixed the price at ₹100 per equity share for its ₹50-crore initial public offering (IPO) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to ₹40.01 crore and an offer for sale of 10 lakh shares aggregating to ₹10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. "This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. "It will support our efforts to adapt to evolving energy demands through focused product development and wider market access, said Arun Bhardwaj, Managing Director of Smarten Power System, said. The company reported a revenue of ₹203.20 crore and a profit after tax of ₹12.77 crore in FY25. Arihant Capital Markets is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
Indian Express
22-04-2025
- Politics
- Indian Express
Special Judge Kaveri Baweja appointed Delhi HC's Registrar Vigilance
The Delhi High Court has ordered the appointment of Special Judge Kaveri Baweja of the Rouse Avenue Court, who has handled multiple important cases, including the Delhi excise policy case in which former CM Arvind Kejriwal was arrested, as the Registrar (Vigilance) at the High Court. 'Hon'ble the Chief Justice has been pleased to appoint Ms. Kaveri Baweja, an Officer of Delhi Higher Judicial Service, presently posted as Special Judge (PC Act) (CBI), as Registrar (Vigilance) in this Court on a deputation basis with immediate effect,' read an administrative order. Along with the excise policy case, in which she had remanded Kejriwal to the custody of the Enforcement Directorate and had denied regular bail to former Deputy CM Manish Sisodia, she also heard various other siginificant matters. Among these was a 1984 anti-Sikh Riots case where she handed a life sentence to former Congress leader Sajjan Kumar. Judge Baweja had also recently stayed a trial court order, directing the Delhi Police to further probe BJP leader and Delhi law minister Kapil Mishra's alleged role in the 2020 Northeast Delhi riots. Special Judge Arun Bhardwaj, who exclusively heard coal 'scam' cases, has been appointed as the new Registrar General of the Delhi High Court. 'Further, Hon'ble the Chief Justice has been pleased to appoint Mr. Arun Bhardwaj, an Officer of Delhi Higher Judicial Service, presently attached to the office of Principal District & Sessions Judge-cum-Special Judge (PC Act) (CBI), as Officer on Special Duty (OSD) on deputation basis and will be attached to the office of the Registrar General in this Court. He will take over the charge as Registrar General with effect from 01.05.2025,' read the administrative order issued by the Delhi High Court.
