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Powerica IPO Details
Bookbuilding IPO | ₹1,100 Cr | Listing at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026
Powerica IPO is a book build issue of ₹1,100.00 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to ₹700.00 crores and offer for sale of 1.01 crore shares aggregating to ₹400.00 crores.
Powerica IPO opens for subscription on Mar 24, 2026 and closes on Mar 27, 2026. The allotment for the Powerica IPO is expected to be finalized on Mar 30, 2026. Powerica IPO will list on the NSE and the BSE with a tentative listing date fixed as Apr 2, 2026.
Powerica IPO is set issue price band at ₹375 to ₹395 per share. The lot size for an application is 37 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,615 (37 shares) (based on upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,04,610, and for bNII, it is 69 lots (2,553 shares), amounting to ₹10,08,435.
The issue includes a reservation of up to 55,866 shares for employees offered at a discount of ₹37.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Powerica IPO RHP for detailed Information.
IPO Open
Tue, Mar 24, 2026
IPO Close
Fri, Mar 27, 2026
Price Band
₹372 to ₹392
Market Cap (Pre-IPO)
₹1,731.83 Cr
IPO Details
-
IPO Date24 to 27 Mar, 2026
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Listing DateThu, Apr 2, 2026T
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Face Value₹5 per share
-
Price Band₹375 to ₹395
-
Lot Size37 Shares
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Sale TypeFresh capital cum OFS
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Issue TypeBookbuilding IPO
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Listing AtBSE, NSE
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Employee Discount₹37.00
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Share Holding Post Issue12,65,46,918 shares
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Fresh Issue1,77,21,518 shares (agg. up to ₹700 Cr)
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Offer for Sale1,01,26,582 shares of ₹5 (agg. up to ₹400 Cr)
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Share Holding Pre Issue10,88,25,400 shares
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Share Holding Post Issue12,65,46,918 shares
IPO Reservation
Powerica IPO offers total 2,78,48,101 shares. Out of which 1,38,96,118 (49.90%) allocated to QIB, 41,68,835 (14.97%) allocated to NII 97,27,282 (34.93%) allocated to RII and 83,39,239 (29.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,38,96,118 | 50.00% | 49.90% | NA |
| − Anchor Investor Shares Offered | 83,39,239 | 29.95% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 55,56,879 | 19.95% | NA | |
| NII (HNI) Shares Offered | 41,68,835 | 15.00% | 14.97% | NA |
| − bNII > ₹10L | 27,79,224 | 9.98% | 5,365 | |
| − sNII < ₹10L | 13,89,612 | 4.99% | 2,682 | |
| Retail Shares Offered | 97,27,282 | 35.00% | 34.93% | 2,62,899 |
| Preferential Reservations | ||||
| Employee Shares Offered | 55,866 | 0.20% | NA | |
| Total Shares Offered | 2,78,48,101 | 100.00% | 100.00% | |
IPO Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,615 |
| 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 |
IPO Subscription Details
IPO Anchor Investors
Powerica IPO raises ₹329.40 crore from anchor investors. Powerica IPO Anchor bid date is March 23, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 23, 2026 |
| Shares Offered | 83,39,239 |
| Anchor Portion (₹ Cr.) | 329.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Apr 29, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jun 28, 2026 |
IPO Stock Quote & Charts
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.
The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications.
Business Segments:
- Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines – Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and high horse power above 500 kVA. It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
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- Wind Power Business Division: As on March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW
- Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive.
Key Strengths
- Established Position in the Generator Set Market
- Collaborations and Alliances with Established Industry Players
- Strong Technical and Execution Capabilities
- Large and Diversified Customer Base
- Experienced and Proven Management Team
- Strong Financial Performance
Company Financials (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,729.73 | 2,414.83 | 2,084.91 | 2,125.81 |
| Total Income | 1,474.87 | 2,710.93 | 2,356.77 | 2,422.42 |
| Profit After Tax | 134.55 | 175.83 | 226.11 | 106.45 |
| EBITDA | 220.42 | 345.66 | 362.45 | 333.21 |
| NET Worth | 1,214.52 | 1,085.60 | 912.49 | 794.60 |
| Reserves and Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 11.60% | 17.53% |
| ROCE | 13.90% | 27.02% |
| Debt/Equity | 0.40 | 0.24 |
| RoNW | 10.62% | 15.37% |
| PAT Margin | 9.12% | 6.49% |
| EBITDA Margin | 15.23% | 13.03% |
| Price to Book Value | 3.54 | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 16.16 | 21.26 |
| P/E (x) | 24.45 | 18.58 |
| Promoter Holding | 99.99% | |
| Market Cap | ₹4,998.60 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.
IPO Review
[Dilip Davda]
Read detail review…
Powerica IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 1 | 1 | 1 | 1 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
The Powerica IPO is subscribed 1.53 times on March 27, 2026 6:54:34 PM (Day 3). The public issue subscribed 0.16 times in the retail category, 4.74 times in the QIB category, and 0.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 4.74 | 55,56,879 | 2,63,46,331 |
| NII | 0.47 | 41,68,835 | 19,41,390 |
| bNII (> ₹10L) | 0.47 | 27,79,224 | 13,04,990 |
| sNII (< ₹10L) | 0.46 | 13,89,612 | 6,36,400 |
| Retail | 0.16 | 97,27,282 | 15,16,815 |
| Employee | 1.30 | 55,866 | 72,853 |
| Total | 1.53 | 1,95,08,862 | 2,98,77,389 |
Total Applications: 24,910
IPO Lead Manager(s)
- ICICI Securities Ltd. (Past IPO Performance)
- IIFL Capital Services Ltd. (Past IPO Performance)
- Nuvama Wealth Management Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
IPO Registrar
MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- powerica.ipo@in.mpms.mufg.com
- Visit Website
Contact Details
- 022 – 43152525
- investorrelations@powericaltd.com
- Visit Website
IPO FAQs
Powerica IPO is a main-board IPO of 2,78,48,100 equity shares of the face value of ₹5 aggregating up to ₹1,100 Crores. The issue is priced at ₹375 to ₹395. The minimum order quantity is 37.
The IPO opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Angel one customers can apply online in Powerica IPO using UPI as a payment gateway. Angel one customers can apply in Powerica IPO by login into Angel one Console (back office) and submitting an IPO application form.
Steps to apply in Powerica IPO through Angel one
- Visit the Angel one website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Powerica IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel one IPO Application Process Review for more detail.
The Powerica IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.
Powerica IPO lot size is 37, and the minimum amount required for application is ₹14,615.
You can apply in Powerica IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Powerica IPO will be done on Monday, March 30, 2026, and the allotted shares will be credited to your demat account by Wed, Apr 1, 2026. Check the Powerica IPO allotment status.
The Powerica IPO listing date is not yet announced. The tentative date of listing is Thu, Apr 2, 2026.
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