Smarten Power Systems Ltd - IPO

Smarten Power Systems Ltd IPO Details

Initial public offer of up to 50,00,400 equity shares of face value of Rs. 10/- each (Eequity Shares) of the company at an offer price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] per Equity Share) for cash, aggregating up to Rs. [*] crores (Offer) comprising a fresh issue of up to 40,00,800 equity shares aggregating to Rs. [*] crores (the Fresh Issue) and an offer for sale of up to 2,66,560 equity shares by Arun Bhardwaj, up to 2,66,545 equity shares by Rajnish Sharma, up to 2,66,545 equity shares by Ravi Dutt and up to 1,99,950 equity shares by Tirath Singh Khaira (The Selling Shareholders or Promoter Selling Shareholders) (Offer for Sale) aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved forsubscription by the market maker to the offer (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Offer. The offer and net offer will constitute [*] % and [*] % respectively of the post-offer paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each.

Objective of issue

Purchase of movable assets of the production line of battery mfg unit. To meet working capital requirements. Repayment in full or in part of its outstanding borrowings. Funding capital expenditure. General corporate purposes.

Smarten Power Systems Ltd Contact Details

Smarten Power Systems Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@smartenpowersystems.com

Website - www.smartenpowersystems.com