Powerica Limited IPO
GMP, Subscription, Price, Dates & Financial Details
Power and Energy
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…
Open Date
Tue, 24 Mar 2026
Close Date
Fri, 27 Mar 2026
Price Band
₹ 375 – 395
Lot Size
37
Issue Size
₹ 1,100.00 Cr
Minimum Investment
₹ 14,615 (37 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Powerica Limited IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,100.00 Crore, comprising a fresh issue of 1.77 Crore equity shares aggregating to ₹700.00 Crore and an offer for sale (OFS) of 1.01 Crore equity shares aggregating to ₹400.00 Crore by the existing shareholders.
The Powerica Limited IPO remained open for subscription from March 24, 2026, to March 27, 2026. The basis of allotment was finalized on March 30, 2026, and the company's shares were listed on the NSE and BSE on April 02, 2026.
The company had fixed the price band at ₹375 to ₹395 per share, with a lot size of 37 shares. Retail investors were required to make a minimum investment of ₹14,615 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 59,171 equity shares for eligible employees, who received a discount of ₹37.00 per share.
MUFG Intime India Private Limited served as the registrar to the issue. IIFL Capital Services Limited, ICICI Securities Limited, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Powerica Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Powerica Limited IPO Timeline (Tentative)
- IPO Open Date
- Tue, 24 Mar 26
- IPO Close Date
- Fri, 27 Mar 26
- Basis of Allotment
- Mon, 30 Mar 26
- Initiation of Refunds
- Wed, 01 Apr 26
- Credit of Shares to Demat
- Wed, 01 Apr 26
- Listing Date
- Thu, 02 Apr 26 — NSE & BSE
Open Date
24 March 2026
Close Date
27 March 2026
Basis Of Allotment
30 March 2026
Listing Date
02 April 2026
IPO Subscription
Check Live Subscription →The Powerica Limited IPO has received bids for 2,98,57,816 shares against 2,05,55,171 shares offered, resulting in an overall subscription of 1.45x. the NII category is subscribed 0.44x, Retail Investors 0.15x, Employees 1.23x, and QIBs 4.5x. Within the NII category, BNII is subscribed 0.45x, while SNII is subscribed 0.43x.
QIB
4.5x
NII
0.44x
BNII
0.45x
SNII
0.43x
RII
0.15x
EMP
1.23x
Total
1.45x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,02,48,000 shares, representing 49.86% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 58,56,000 shares (28.49%), while Non-Institutional Investors (NIIs) receive 43,92,000 shares (21.37%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 5,856,000 | 28.49% |
| Non-Institutional | 4,392,000 | 21.37% |
| BNII | 2,928,000 | 14.24% |
| SNII | 1,464,000 | 7.12% |
| Retail Investors | 10,248,000 | 49.86% |
| Employees | 59,171 | 0.29% |
| Total | 20,555,171 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Powerica Limited KPI Information
| 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 |
| Pat Margin % | 9.12 | 6.49 | 9.59 | 4.39 |
Peers Comparison
| 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 |
About Powerica Limited
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.
Powerica Limited IPO 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%
Powerica Limited IPO Objective
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
Powerica Limited Address / Contact Details
Powerica Ltd.
9th Floor, Bakhtawar,
Nariman Point
Mumbai, Maharashtra, 400021
Phone: 022 - 43152525
Email: investorrelations@powericaltd.com
Website: http://www.powericaltd.com/
IPO Snapshot
Powerica Limited IPO Lot Size
The Powerica Limited IPO has a lot size of 37 shares. Retail investors require a minimum investment of ₹14,615 by applying for 1 lot (37 shares). The maximum application allowed for the retail category is 13 lots (481 shares), requiring an investment of ₹1,89,995.
| 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 |
Issue Reservation
- QIB — 28.49%
- NII — 21.37%
- RII — 49.86%
- EMP — 0.29%
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Powerica Limited IPO?
Powerica Limited IPO is a Book-building IPO with a total issue size of ₹1100 crore. The Powerica Limited IPO price band is ₹375 to 395 per share. The Powerica Limited IPO subscription opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026. The Powerica Limited IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Powerica Limited IPO.
When will the Powerica Limited IPO open for subscription?
The Powerica Limited IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026
What is Powerica Limited IPO Price Band?
Powerica Limited IPO Price Band is ₹375 to 395 per share.
What is Powerica Limited IPO Lot Size?
Powerica Limited IPO lot size is 37 shares, Retail investors need a minimum investment of ₹14615 based on the upper price band
What is the minimum investment for Powerica Limited IPO?
The minimum investment for Powerica Limited IPO is ₹14615, based on one lot of 37 shares at the upper price band of ₹395 per share.
How to apply for Powerica Limited IPO?
Investors can apply for the Powerica Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Mar 27, 2026. The application amount remains blocked until the Powerica Limited IPO allotment is finalized.
What is Powerica Limited IPO Issue Size?
Powerica Limited IPO issue size is ₹1100 crores.
What is the Powerica Limited IPO Allotment Date?
Powerica Limited IPO allotment date is Mon, Mar 30, 2026.
Who is the Powerica Limited IPO Registrar?
The registrar for Powerica Limited IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Powerica Limited IPO allotment status, refund processing, and other IPO-related information.
What is the Powerica Limited IPO GMP?
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 1.77% over the issue price.
Who is the Powerica Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the Powerica Limited IPO are IIFL Capital Services Limited, ICICI Securities Limited, and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Powerica Limited IPO Red Herring Prospectus (RHP).