Powerica IPO
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Powerica IPO IPO Market Lot
- 06 Powerica IPO Details
- 07 Powerica IPO Reservation
- 08 Powerica IPO Anchor Investors
- 09 Powerica IPO Dates
- 10 Powerica IPO Promoters & Holding Pattern
- 11 Powerica IPO – Objects of the Issue
- 12 About Powerica IPO
- 13 Powerica IPO Company Financial Report
- 14 Powerica IPO Valuation – FY2025
- 15 Powerica IPO Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO DESCRIPTION
Powerica IPO is a mainboard public issue of a power solutions company engaged in providing end-to-end energy solutions, including diesel generator sets, power infrastructure services, and renewable energy projects. The company serves multiple industries with installation, maintenance, and engineering services in the power sector. The IPO opened on 24 March 2026 and closed on 27 March 2026, with a price band of ₹375–₹395 per share and a total issue size of around ₹1,100 crore, comprising both fresh issue and offer for sale. The company plans to use the proceeds for business expansion, working capital, and strengthening its power solutions portfolio. Being one of the larger IPOs in the energy sector, it has attracted strong market attention, supported by growing demand for reliable and renewable power solutions.
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 24 Mar 2026 | ₹5.00 | -₹1.00 | 1.27% |
| 23 Mar 2026 | ₹6.00 | -₹2.00 | 1.52% |
| 20 Mar 2026 | ₹8.00 | -₹5.00 | 2.03% |
| 19 Mar 2026 | ₹13.00 | - | 3.29% |
Powerica IPO IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,615 |
| Retail Maximum | 13 | 481 | ₹189,995 |
| S-HNI Minimum | 14 | 518 | ₹204,610 |
| S-HNI Maximum | 68 | 2,516 | ₹993,820 |
| B-HNI Minimum | 69 | 2,553 | ₹1,008,435 |
Powerica IPO DETAILS
| IPO Open Date | March 24, 2026 |
|---|---|
| IPO Close Date | March 27, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹375 to ₹395 Per Share |
| Issue Size | Approx ₹1,100 Crores |
| Fresh Issue | Approx ₹700 Crores |
| Offer for Sale | Approx 1,01,26,582 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Powerica IPO RESERVATION
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | — Shares | —% |
| QIB (Ex. Anchor) | — Shares | 50% |
| NII | — Shares | 15% |
| Retail | — Shares | 35% |
Powerica IPO Anchor INVESTORS
| Anchor Bidding Date | March 23, 2026 |
|---|---|
| Shares Offered | — Shares |
| Anchor Size | ₹ — Cr. |
| Lock-in Period (50% Shares - 30 Days) | 2026 |
| Lock-in Period (50% Shares - 90 Days) | 2026 |
Powerica IPO DATES
| IPO Open Date | March 24, 2026 |
|---|---|
| IPO Close Date | March 27, 2026 |
| Basis of Allotment | March 30, 2026 |
| Refunds | April 1, 2026 |
| Credit to Demat Account | April 1, 2026 |
| IPO Listing Date | April 2, 2026 |
| Bidding Cut-off Time | March 27, 2026 – 5 PM |
Powerica IPO Promoters & Holding PATTERN
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 10,88,25,400 | 99.99% |
| Promoter Holding Post Issue | 12,65,46,918 | - |
| 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 |
Powerica IPO – Objects of the ISSUE
| Purpose | Amount (₹ Cr.) |
|---|---|
| Prepayment / Repayment of Borrowings | 525.00 |
| General Corporate Purpose | — |
About Powerica IPO
Established in 1984, Powerica Limited is one of the growing end-to-end power solutions providers that makes diesel generator sets (DG sets) for regular power supply and for backup during power cuts. They make generator sets in various sizes, ranging from 7.5 kVA to 10,000 kVA, to meet the requirements of various industries and their needs.
The firm uses Cummins engines to design its diesel generator (DG) sets that come in various sizes: Small (7.5 kVA to 160 kVA), Medium (180 kVA to 500 kVA), and Large (above 500 kVA). Powerica manufactures its products in its 3 manufacturing units situated in Karnataka, Silvassa, and Maharashtra. Moreover, along with generators, the firm is also engaged in running 11 wind power projects in Gujarat.
Powerica IPO Company Financial REPORT
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | 2,422.42 | 2,222.38 | 106.45 | 2,125.81 |
| 2024 | 2,356.77 | 2,016.04 | 226.11 | 2,084.91 |
| 2025 | 2,710.93 | 2,465.30 | 175.83 | 2,414.83 |
| Sep 2025 | 1,474.87 | 1,300.00 | 134.55 | 2,729.73 |
Powerica IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 17.53% |
| ROCE | 27.02% |
| EBITDA Margin | 13.03% |
| PAT Margin | 6.49% |
| Debt to Equity | 0.24 |
| EPS (Basic) | ₹15.26 |
| P/E Ratio | N/A |
| RoNW | 15.37% |
| NAV | ₹99.76 |
Powerica IPO Peer Group COMPARISON
| Company | EPS | P/E Ratio | RoNW % | NAV | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Cummins India Limited | 72.15 | 64.13 | 26.45% | 272.78 | 10,390.69 |
| Kirloskar Oil Engines Limited | 33.71 | 43.24 | 15.85% | 212.60 | 6,349.13 |
| NTPC Green Energy Limited | 0.67 | 129.40 | 2.58% | 21.88 | 2,209.64 |
| Acme Solar Holdings Limited | 4.55 | 50.74 | 5.59% | 74.54 | 1,405.13 |
| Adani Green Energy Limited | 8.37 | 101.53 | 11.90% | 76.62 | 11,212.00 |
IPO Lead Managers aka Merchant BANKERS
- ICICI Securities Ltd.
- IIFL Capital Services Ltd.
- Nuvama Wealth Management Ltd.