Powerica Limited Links 
Allotment
Powerica is launching a book-built Initial Public Offering (IPO) to raise ₹1,100 crore. The issue consists of a fresh issue of 1.77 crore shares aggregating ₹700 crore and an offer for sale (OFS) of 1.01 crore shares aggregating ₹400 crore. The IPO aims to strengthen the company’s capital structure and provide an opportunity for existing shareholders to monetize part of their holdings.
The subscription for the Powerica IPO opens on March 24, 2026, and closes on March 27, 2026. The allotment is expected to be finalized by March 30, 2026, with a tentative listing date of April 2, 2026, on both BSE and NSE. Investors can participate in the IPO according to their category, with the minimum investment and lot sizes varying across retail, non-institutional, and anchor investors.
The issue price band has been set at ₹375 to ₹395 per share. The minimum bid for retail investors is 37 shares, and bids must be made in multiples of 37 shares, amounting to a minimum investment of ₹14,615 at the upper price. Non-institutional investors can apply in lots of 14 (518 shares), while anchor and institutional investors have a lot size of 69 (2,553 shares).
ICICI Securities Ltd. is acting as the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. is the registrar. Investors looking to participate should carefully review the issue details and ensure timely submission of their bids to take part in this upcoming public offering.
₹395
0%
Open
₹395
HIgh - Low
₹395
Previous Close
₹395
Total Traded Value
0
52 Weeks High
₹395
52 Weeks Low
₹395
Updates On
March 18, 2026
IPO. Open
Mar 24, 2026
IPO. Close
Mar 27, 2026
IPO. Price
₹395.00
IPO Market price
₹4,998.60 Cr
IPO Details
| IPO Date | 2 Apr |
| IPO Listing Date | 2 Apr |
| IPO Face Value | ₹5.00 per share |
| IPO Price Range | ₹395.00 |
| IPO Issue Size | 2,78,48,100 shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | ₹37.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 10,88,25,400 shares |
IPO Timeline
| IPO Open Date | 24 Mar |
| IPO Close Date | 27 Mar |
| IPO Allotment (Tentative) | 30 Mar |
| Refunds | 1 Apr |
| Credit to Demat Account | 1 Apr |
| IPO Listing Date | 2 Apr |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 35% of the Offer |
| Retail Shares Offered | Not less than 15% of the Offer |
IPO Lot Size
Investors must bid for at least 37 shares, with additional bids in multiples of 37 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 37 | ₹14,615 |
| Individual investors (Retail) (Max) | 13 | 481 | ₹1,89,995 |
| S-HNI (Min) | 14 | 518 | ₹2,04,610 |
| S-HNI (Max) | 68 | 2,516 | ₹9,93,820 |
| B-HNI (Min) | 69 | 2,553 | ₹10,08,435 |
Powerica Ltd is a leading power solutions company specializing in diesel generator sets (DG sets) for both primary and backup power requirements. The company offers a wide range of generator sets, with capacities ranging from 7.5 kVA to 10,000 kVA, tailored to meet the specific needs of diverse industries and applications.
Business Segments
Powerica operates through three main business divisions:
- Generator Set Business Division: The company manufactures DG sets powered by Cummins engines, categorized into low horsepower (7.5 kVA to 160 kVA), medium horsepower (180 kVA to 500 kVA), and high horsepower (above 500 kVA). Powerica has three manufacturing facilities located in Bengaluru (Karnataka), Silvassa (Dadra and Nagar Haveli), and Khopoli (Maharashtra).
- Wind Power Business Division: As of March 31, 2025, the company owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW.
- Retrofit Emission Control Devices (RECD): Through its associate company, Platino Automotive, Powerica is involved in the production of retrofit emission control solutions.
Key Strengths
Powerica has an established presence in the generator set market and has formed strategic collaborations with key industry players. The company is recognized for its strong technical expertise, execution capabilities, and a diversified customer base spanning multiple industries. Its management team brings extensive experience and a proven track record of performance.
Financial and Market Performance
The company demonstrates strong financial performance, supported by robust operational capabilities and a diversified business model. Its integrated approach across manufacturing, renewable energy, and emission control solutions positions Powerica as a versatile player in the power solutions sector.
Company Financials (Consolidated)
| Assets | 2,729.73 | 2,414.83 | 2,084.91 |
| Total Income | 1,474.87 | 2,710.93 | 2,356.77 |
| Profit After Tax | 134.55 | 175.83 | 226.11 |
| EBITDA | 220.42 | 345.66 | 362.45 |
| Net Worth | 1,214.52 | 1,085.60 | 912.49 |
| Reserves and Surplus | 1,158.99 | 1,070.95 | 898.67 |
| Total Borrowing | 571.95 | 300.8 | 177.52 |
Key Performance Indicator (KPI)
| ROE | 11.60% |
| ROCE | 13.90% |
| Debt/Equity | 0.4 |
| RoNW | 10.62% |
| PAT Margin | 9.12% |
| EBITDA Margin | 15.23% |
| Price to book value | 3.54 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Powerica Ltd. Address
9th Floor, Bakhtawar,
Nariman Point
Mumbai, Maharashtra, 400021
022 – 43152525
investorrelations@powericaltd.com
http://www.powericaltd.com/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
powerica.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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