Latest news with #SmartenPowerSystemsLimited
Indian Express
4 days ago
- Business
- Indian Express
IPO Listing on July 14: Smarten Power Systems, Travel Food Services to debut on markets
IPO Listing on July 14: The stock market will see listing of two initial public offerings (IPOs) on July 14 (Monday). Smarten Power Systems Limited will make its debut only on NSE (National Stock Exchange) while Travel Food Services Limited will make its listing on both NSE and BSE (Bombay Stock Exchange). The initial public offer of Travel Food Services Ltd got subscribed 2.88 times on the closing day of bidding. The initial share sale received bids for 3,86,35,064 shares against 1,34,12,842 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) part fetched 7.70 times subscription while the category for non-institutional investors received 1.58 times subscription. Retail Individual Investors (RIIs) quota got subscribed 69 per cent. The IPO has a price band of Rs 1,045-1,100 per share. MUFG Intime India Private Limited is the registrar for the Travel Food Services IPO. Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Batlivala and Karani Securities India Private Limited are the book running lead managers for the Travel Food Services IPO. Kotak Mahindra Bank Limited and ICICI Bank Limited are the sponsor banks for the Travel Food Services IPO. The three-day subscription of initial public offering (IPO) of Smarten Power Systems Limited opened on July 7 and closed on July 9. 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. Smarten Power Systems Ltd has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO). Maashitla Securities Private Limited is the registrar and Arihant Capital Markets Limited is the book running lead manager for Smarten Power Systems IPO. (With inputs from PTI)
Indian Express
06-07-2025
- Business
- Indian Express
Smarten Power Systems IPO to open on July 7; check price band, allotment date and more
Smarten Power Systems IPO: The three-day subscription of initial public offering (IPO) of Smarten Power Systems Limited will begin tomorrow (Monday, July 7). The Smarten Power Systems IPO subscription will close on July 9. According to PTI, the company reported a revenue of Rs 203.20 crore and a profit after tax of Rs 12.77 crore in FY25. The 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, reports PTI. The Smarten Power Systems 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. Smarten Power Systems Ltd has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO). Maashitla Securities Private Limited is the registrar for Smarten Power Systems IPO. Smarten Power Systems IPO Face Value, Tick Size The face value and tick size of Smarten Power Systems IPO is Rs 10 and Re 1, respectively. Smarten Power Systems IPO will be finalised on July 10. Smarten Power Systems IPO will be listed on NSE on July 14. Arihant Capital Markets Limited is the book running lead manager for Smarten Power Systems IPO. ICICI Bank Limited is the sponsor bank for Smarten Power Systems IPO. 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.
