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Powerica IPO Details

Bookbuilding IPO | ₹1,100 Cr | Listing at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026

IPO Stats
FAQ

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 Date

24 to 27 Mar, 2026
Listing Date

Thu, Apr 2, 2026T
Face Value

₹5 per share
Price Band

₹375 to ₹395
Lot Size

37 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

IPO Details

Employee Discount

₹37.00
Share Holding Post Issue

12,65,46,918 shares
Fresh Issue

1,77,21,518 shares (agg. up to ₹700 Cr)
Offer for Sale

1,01,26,582 shares of ₹5 (agg. up to ₹400 Cr)
Share Holding Pre Issue

10,88,25,400 shares
Share Holding Post Issue

12,65,46,918 shares

IPO Timetable (Tentative)

IPO Open

Tue, Mar 24, 2026
Allotment

Mon, Mar 30, 2026
Credit of Shares

Wed, Apr 1, 2026

IPO Close

Fri, Mar 27, 2026
Refund

Wed, Apr 1, 2026
Listing

Thu, Apr 2, 2026

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 Anchor Investors List

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	Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs	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.

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1) Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full

525.00
2) General corporate purposes
Total

525.00
4 Working capital requirements

33.00
5 Investment in wholly owned subsidiary, Sai Parenterals Pte Limited (Singapore), in relation to the proposed acquisition of Noumed Pharmaceuticals Pty Limited (Australia); and

35.64
6 General corporate purposes
Total

211.76

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

Check IPO Peer Comparison here.

	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.

Naresh Chander Oberoi, Bharat Oberoi, Renu Naresh Oberoi, Jai Ram Oberoi, Naresh Oberoi Family Trust, Bharat Oberoi Family Trust And Kabir and Kimaya Family Private Trust are the company promoters.

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]

PL is engaged in providing integrated power solutions and specializes in DG Sets. It has also ventured in to wind power generation and has running projects in Gujarat. The company reported inconsistency in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears reasonably priced. Well-informed investors can park funds for medium to long term.

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 Expenses

# Issue Objects

Est Amt (₹ Cr.)
1) BRLMs fees and commissions (including underwriting commission, brokerage and selling commission)
2) Commission/ processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs
3) Fees payable to the Registrar to the Offer
4) Auditors
5) Industry expert
6) Fee payable to legal counsel
7) Fees payable to other intermediaries
9) Printing and stationery
10) Advertising and marketing expenses
11) Miscellaneous

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

Powerica Ltd. Address

9th Floor, Bakhtawar,

Nariman Point

Mumbai, Maharashtra, 400021

022 – 43152525
investorrelations@powericaltd.com
Visit Website

IPO FAQs

What is the Powerica IPO?

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.

How to apply in Powerica IPO through Angel One?

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.

When Powerica IPO will open?

The Powerica IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.

What is the lot size of Powerica IPO?

Powerica IPO lot size is 37, and the minimum amount required for application is ₹14,615.

How to apply for Powerica IPO?

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.

When is Powerica IPO allotment?

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.

When is Powerica IPO listing date ?

The Powerica IPO listing date is not yet announced. The tentative date of listing is Thu, Apr 2, 2026.