IPO

Powerica Limited IPO

Mainboard

Diesel Engines and Power Generation

Listed On: Apr 2, 2026 at ₹ 366.0(NSE)

₹ 14615 /37 Shares
Minimum Investment

Check Allotment

24 Mar, 2026

Open Date

27 Mar, 2026

Close Date

30 Mar, 2026

Allotment Date

02 Apr, 2026

Listing Date
Price Summary

Last Closing

443.95 (12.39%)

52 Week High

453.15

52 Week Low

365.10

Last Update

17-Apr-2026 3:30 PM
Expected Premium
₹ 7-8 (2%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Powerica Limited IPO Live Subscription Details
View Subscription Details
QIB 4.74x
Retail 0.15x
NIIs 0.47x
BHNI 0.47x
SHNI 0.46x
Retail 0.15x
EMP 1.30x
Total 1.53x
Last updated: 27 Mar 2026, 05:54 PM
Powerica Limited IPO Issue Details
  • Issue Price ₹375-395 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 2,78,48,100 shares(aggregating up to ₹1100 crore)
  • Fresh Share 1,77,21,518 shares(aggregating up to ₹700 crore)
  • Offer For Sale 1,01,26,582 shares(aggregating up to ₹400 crore)
  • Listing at BSE, NSE
  • List Price 366.0(NSE)
  • Listing Date 2026-04-02
  • Lead Manager ICICI Securities Ltd.
    IIFL Capital Services Ltd.
    Nuvama Wealth Management Ltd.
  • Registrar MUFG Intime India Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 37 ₹14,615
Retail(max) 13 481 ₹1,89,995
SHNI(min) 14 518 ₹2,04,610
SHNI(max) 68 2,516 ₹9,93,820
BHNI(min) 69 2,553 ₹10,08,435
Powerica Limited IPO Reservation

Powerica Limited IPO offers total 27848100 shares. Out of which 5556879 (19.95%) allocated to QIB, 4168835 (14.97%) allocated to NII,9727282 (34.93%) allocated to RII, 55866 (0.2%) allocated to employees and 8339239 (29.95%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 8339239 (29.95%)
QIB Shares Offered 5556879 (19.95%)
NII (HNI) Shares Offered 4168835 (14.97%)
bNII > ₹10L 2779224 (10%)
sNII < ₹10L 1389612 (5%)
Retail Shares Offered 9727282 (34.93%)
Employee Shares Offered 55866 (0.2%)
Total Shares Offered 27848100 (100%)
Powerica Limited IPO Documents
DRHP
RHP
ANCHOR
Powerica Limited IPO Details


Powerica Limited IPO is a book-built issue of ₹1100 crores, The total issue size is ₹1100 crores. The IPO of Powerica Limited is priced at ₹375-395 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Mar 24, 2026 and ends on Mar 27, 2026. The allotment for Powerica Limited IPO will be finalized on Mar 30, 2026. Powerica Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 2, 2026. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 37 shares, extendable to 14,615. S-HNIs will be able to bid for 518 shares at ₹2,04,610, while B-HNIs can also apply for a bid of 2,553 shares at ₹10,08,435. The book-running lead manager for the IPO is/are ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd..

The total issue ₹1100 crore, comprising a fresh issue of 1,77,21,518 shares ₹700 crore and having Offer for Sale (OFS) of 1,01,26,582 shares to mop up ₹400 crore.

The Powerica Limited IPO sets its price band at 375-395 for each share. A single application for Powerica Limited IPO must contain at least 37 shares. Sentiment investors need to invest a minimum of 37 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,615 In order to participate in the sNII, investors must purchase at least 14 lots of 518 shares for ₹2,04,610, while the bNII requires 69 lots of 2,553 shares for an investment of ₹10,08,435.

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Powerica Limited IPO Subscription Analysis And Details
Retail
0.15x
QIB
4.74x
NII
0.47x
bNII
0.47x
sNII
0.46x
Total
1.53x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 55,56,879 41,68,835
27,79,224    13,89,612 		97,27,282 1,95,08,862
Day 1 24-03-26 05:00 PM
0.00 x 0.01 x
0.00 x   0.01 x 		0.02 x 0.01 x
Day 2 25-03-26 05:00 PM
0.00 x 0.01 x
0.01 x   0.03 x 		0.04 x 0.03 x
Day 3 27-03-26 05:00 PM
4.74 x 0.47 x
0.47 x   0.46 x 		0.15 x 1.53 x
Total No of Applications
24,548
Subscription on the basis of Applications
Retail:0.09x BHNI:0.07x SHNI:0.37x
Powerica Limited Valuations
EPS Pre IPO ₹16.16/-
EPS Post IPO ₹21.26/-
P/E Pre IPO 24.45
P/E Post IPO 18.58
ROE 17.53%
ROCE 27.02%
Debt/Equity 0.24
RoNW 15.37%
PAT Margin 6.49%
Price to Book Value 3.96
Market Cap. 4,998.60 Cr.
Powerica Limited Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 2,729.73 2,414.83 2,084.91 2,125.81
Revenue 1,474.87 2,710.93 2,356.77 2,422.42
Profit After Tax 134.55 175.83 226.11 106.45
Net Worth 1,214.52 1,085.60 912.49 794.60
Reserves & Surplus 1,158.99 1,070.95 898.67 777.88
Total Borrowing 571.95 300.80 177.52 278.88
About Powerica Limited Company

Powerica Limited is a power solutions company that deals with diesel generator sets (DG sets) for main and backup power needs. The company provides a wide range of generator sets with varying capacities from 7.5 kVA to 10,000 kVA, catering to the specific needs of different industries.

Business Segments:
Generator Set Business Division:
Diesel Generator Sets (DG Sets) driven by Cummins Engines:
Low Horse Power ranging from 7.5 kVA to 160 kVA.
Medium Horse Power ranging from 180 kVA to 500 kVA.
High Horse Power above 500 kVA.It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.

Wind Power Business Division:As of March 31, 2025, we own and operate 11 wind power projects in the state of Gujarat with a total installed capacity of 279.55 MW.

Retrofit Emission Control Devices (RECD) through our Associate Company, Platino Automotive.

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Powerica Limited - Promoter(s)

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

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 77.99%

Powerica Limited IPO - Issue Objectives
1

Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full - ₹525 Cr

2

General corporate purposes

Powerica Limited IPO - Anchor Investors

Powerica raises over Rs 329 crore from 17 anchor investors.

The company has finalized the allocation of 83.39 lakh shares to the anchor investors at the upper price band. Of the total shares allocated to the anchor investors, 69.87 lakh shares have gone to eight domestic mutual funds, including SBI Mutual Fund, HDFC AMC, ICICI Prudential Mutual Fund, Quant MF, and Bandhan Mutual Fund, which have applied through their 11 schemes.
SBI Funds Management was the largest buyer in the anchor investor portion of Powerica, buying 25.56 lakh shares worth Rs 101 crore through their four schemes, followed by HDFC AMC, ICICI Prudential MF, and Kotak Mahindra AMC, each of which bought 10.12 lakh shares worth nearly Rs 40 crore.
Additionally, insurance companies like Kotak Mahindra Life Insurance, Edelweiss Life Insurance, and Reliance Nippon Life Insurance also bought 5.56 lakh shares worth Rs 22 crore.
Custody Bank of Japan, and Ashoka WhiteOak, the other investors in the anchor book, bought shares worth Rs 10.4 crore, and Rs 21 crore, respectively

Powerica Limited IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Powerica N/A N/A 15.3% 2653
Cummins India 17.01 64.1 26.4% 10390
Kirloskar Oil 6.85 43.2 15.8% 6349
NTPC Green 4.10 129.4 2.58% 2209
Acme Solar 3.09 50.7 5.59% 1405
Adani Green 11.1 101.5 11.9% 11212
Strength
Established Market Position in Generator Sets: The Company has more than four decades of experience in DG sets with a wide range of capacities (7.5 kVA to 10,000 kVA), with a long-standing OEM relationship with Cummins, as well as MSLG solutions.
Strong Technical & Execution Capabilities: The Company has access to advanced manufacturing capabilities, precision engineering, and a skilled workforce that ensure product quality as well as execution capabilities.
Diversified Customer Base: The Company has a diversified customer base across various industries, such as commercial, infrastructure, manufacturing, agriculture, IT/data centers, government, and defense.
Weakness
Litigation Risk: The Company, its Promoters, and Directors are party to a civil suit pertaining to a family arrangement and equity shares. The Company’s share value as well as business could be impacted by a negative court ruling.
Supplier Dependency Risk: The Company depends on key suppliers, such as Cummins India Ltd., for critical supplies. The Company’s business could be impacted by a disruption in supplies.
PPA Dependency Risk: The Company’s power business is dependent on long-term power purchase agreements. The Company’s business could be impacted by changes in power purchase agreements.
Contact Details

Powerica Limited

9th Floor, Bakhtawar, Nariman Point, Mumbai, Maharashtra - 400021.

022-43152525

investorrelations@powericaltd.com

https://powericaltd.com

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

powerica.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html