Powerica Limited IPO
Open MainLineCurrent GMP
₹7 (+1.77%)
Price Band
₹ 375 – 395
Lot Size
37
Issue Size
₹1100 Cr
Minimum Investment
₹14615 (37 Shares)
Listing Date
02 April 2026
Subscription
1.45x
About the Company
Powerica Limited is a leading power solutions company specializing in the manufacturing and supply of diesel generator sets (DG sets) for both prime and backup power applications. The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, catering to the diverse requirements of multiple industries and operational environments.
Business Segments
1. Generator Set Business Division
Powerica’s core business focuses on DG sets powered by Cummins engines, categorized based on capacity:
- Low Horsepower: 7.5 kVA to 160 kVA
- Medium Horsepower: 180 kVA to 500 kVA
- High Horsepower: Above 500 kVA
These generator sets are designed to deliver reliable and efficient power solutions across sectors such as infrastructure, manufacturing, healthcare, telecom, and commercial establishments.
The company operates three state-of-the-art manufacturing facilities located at:
- Bengaluru, Karnataka
- Silvassa, Dadra and Nagar Haveli
- Khopoli, Maharashtra
2. Wind Power Business Division
As of March 31, 2025, Powerica owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW. This segment reflects the company’s commitment to renewable energy and sustainable power generation.
3. Emission Control Solutions (Associate Company)
Through its associate company, Platino Automotive, Powerica is involved in providing Retrofit Emission Control Devices (RECD). These solutions are designed to reduce emissions from existing diesel engines, supporting environmental compliance and cleaner operations.
Promoters
- Naresh Chander Oberoi
- Bharat Oberoi
- Renu Naresh Oberoi
- Jai Ram Oberoi
- Naresh Oberoi Family Trust
- Bharat Oberoi Family Trust
- Kabir and Kimaya Family Private Trust
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
0.00%
Objects of the Issue
The Company Powerica IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full
- General corporate purposes
Address / Contact Info
Powerica Ltd.
9th Floor, Bakhtawar,
Nariman Point
Mumbai, Maharashtra, 400021
Phone: 022 - 43152525
Email: investorrelations@powericaltd.com
Website: http://www.powericaltd.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 24 March 2026
IPO Close Date
Friday, 27 March 2026
Basis of Allotment
Monday, 30 March 2026
Initiation of Refunds
Wednesday, 01 April 2026
Credit of Shares to Demat
Wednesday, 01 April 2026
Listing Date
Thursday, 02 April 2026 — NSE & BSE
Important Dates
Open Date
24 March 2026
Close Date
27 March 2026
Basis Of Allotment
30 March 2026
Listing Date
02 April 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2729.73 | 2414.83 | 2084.91 | 2125.81 |
| Revenue | 1474.87 | 2710.93 | 2356.77 | 2422.42 |
| Profit After Tax | 134.55 | 175.83 | 226.11 | 106.45 |
| Net Worth | 1214.52 | 1085.6 | 912.49 | 794.6 |
| Reserve & Surplus | 1158.99 | 1070.95 | 898.67 | 777.88 |
| Total Borrowings | 571.95 | 300.8 | 177.52 | 278.88 |
EPS Pre
16.16%
EPS Post
21.26%
P/E Pre
24.45
P/E (Post Issue)
18.58x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 11.6 | 17.53 | 26.5 | 0 |
| ROCE % | 13.9 | 27.02 | 43.47 | 0 |
| Debt / Equity | 0.4 | 0.24 | 0.16 | 0.31 |
| RoNW % | 10.62 | 15.37 | 24.8 | 13.4 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 9.12 | 6.49 | 9.59 | 4.39 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 5856000 | 28.49 | 0 |
| Non-Institutional | 4392000 | 21.37 | 0 |
| BNII | 2928000 | 14.24 | 0 |
| SNII | 1464000 | 7.12 | 0 |
| Retail Investors | 10248000 | 49.86 | 0 |
| Employees | 59171 | 0.29 | 0 |
| Total | 20555171 | 100 | 0 |
Subscription Status ( Fri, 27 Mar 26 01:50 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5856000 | 26346331 | 4.5x |
| Non-Institutional | 4392000 | 1941390 | 0.44x |
| BNII | 2928000 | 1304990 | 0.45x |
| SNII | 1464000 | 636400 | 0.43x |
| Retail Investors | 10248000 | 1497242 | 0.15x |
| Employees | 59171 | 72853 | 1.23x |
| Total | 20555171 | 29857816 | 1.45x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Powerica Ltd | 5 | 0.00 | 15.26 | 15.26 | 15.37 | 99.76 |
| Cummins India Ltd | 2 | 64.13 | 72.15 | 72.15 | 26.45 | 272.78 |
| Kirloskar Oil Engines Ltd | 2 | 43.24 | 33.71 | 33.60 | 15.85 | 212.60 |
| NTPC Green Energy Ltd | 10 | 129.40 | 0.67 | 0.67 | 2.58 | 21.88 |
| Acme Solar Holdings Ltd | 2 | 50.74 | 4.55 | 4.53 | 5.59 | 74.54 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,615.00 |
| Retail (Max) | 13 | 481 | 189,995.00 |
| S-HNI (Min) | 14 | 518 | 204,610.00 |
| S-HNI (Max) | 68 | 2,516 | 993,820.00 |
| B-HNI (Min) | 69 | 2,553 | 1,008,435.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Powerica Limited IPO is a Book-building IPO worth ₹1100 crores. The price band is ₹375 to 395 per share. The IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Powerica Limited IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026
Powerica Limited IPO Price Band is ₹375 to 395.
Powerica Limited IPO lot size is 37, and the minimum amount required for application is ₹14615.
The minimum investment for Powerica Limited IPO is approximately ₹14615 based on the upper price band.
To apply for the Powerica Limited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Mar 27, 2026. After submission, funds are blocked until the basis of allotment of Powerica Limited IPO is finalised.
Powerica Limited IPO issue size is ₹1100 crores.
Powerica Limited IPO allotment date is Sat, Jun 27, 2026.
The registrar for Powerica Limited IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Powerica Limited IPO through their official website or helpline.
The Powerica Limited IPO GMP (Grey Market Premium) is ₹7 as of Thu, Apr 2, 2026. Based on the upper price band of ₹395 per share, the estimated Powerica Limited IPO listing price is ₹402, indicating a potential listing gain of approximately 31% over the issue price.