Powerica IPO

Listed Mainboard
Open Mar 24
Close Mar 27
Allotment Mar 30
Refund Apr 01
Listing Apr 02

Market Sentiment

Grey Market Premium What is GMP?
+Rs 9
+2.3%
Est. Listing: Rs 404
Updated: Apr 01, 2026 7:22 pm
View Full GMP History →
Subscription Status
QIB
4.50x
bNII (>10L)
0.45x
sNII (2-10L)
0.43x
Retail
0.15x
Employee
1.23x
Total
1.45x
Updated: Mar 30, 2026 6:06 pm IST
Analysis Score 41 / 100
Neutral
Data: 78%
GMP Score 45
Subscription Score 30
Financial Health 70

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 37 ₹14,615
Retail Maximum 13 481 ₹1,89,995
S-HNI Minimum 14 518 ₹2,04,610
S-HNI Maximum 68 2,516 ₹9,93,820
B-HNI Minimum 69 2,553 ₹10,08,435

IPO Details

Issue Price₹375-395 per equity share
Face Value₹5 Per Equity Share
Lot Size 37 shares (Min ₹14,615)
Total Issue Size ₹1,100.00 crore
Fresh Share₹700.00 crore
Offer For Sale₹400.00 crore
Issue TypeBook build Issue
Lead ManagerICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd.
RegistrarMUFG Intime India Pvt. Ltd.
Listing atBoth
BSE Code544744
NSE SymbolPOWERICA
ISININE921L01032
Listing Price₹366.00
Listing Gain-7.34%

IPO Reservation

Category Shares Offered
QIB55,56,879
NII (HNI)41,68,835
bNII > ₹10L29,28,000
sNII < ₹10L14,64,000
Retail97,27,282
Employee59,171
Anchor83,39,239

Financial Analysis

Financial Data
ROE
17.53%
ROCE
27.02%
Debt/Equity
0.24
NAV/Share
Rs 99.76
Revenue Growth
15.03%
Profit Margin
6.49%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 2,422.42 2,356.77 2,710.93 1,474.87
Expense 2,222.38 2,016.04 2,465.30 1,300.00
Profit (PAT) 106.45 226.11 175.83 134.55
Total Assets 2,125.81 2,084.91 2,414.83 2,729.73
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Cummins India Limited 64.13 72.15 26
Kirloskar Oil Engines Limited 43.24 33.71 16
NTPC Green Energy Limited 129.40 0.67 3
Acme Solar Holdings Limited 50.74 4.55 6
Adani Green Energy Limited 101.53 8.37 12
Promoters & Holding Pattern

Promoters: 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

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 10,88,25,400 99.99%

Company Information

About Powerica

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.

Objects of the Issue
Purpose Amount (Cr)
Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full 525.00
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
March 23, 2026
Shares Offered to Anchors
83,39,239
Lock-in End (30 Days, 50%)
April 29, 2026
Lock-in End (90 Days, 50%)
June 28, 2026
Company Contact Information

Powerica Ltd., 9th Floor, Bakhtawar,, Nariman Point, Mumbai, Maharashtra, 400021

Frequently Asked Questions

Powerica IPO is Mainboard IPO. The company is going to raise ₹1,100 Crores via IPO. The issue is priced at ₹375 to ₹395 per equity share. The IPO is to be listed on BSE & NSE.

The IPO is to open on March 24, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 27, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for Powerica IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Powerica IPO issue size is ₹1,100 crores.

Powerica IPO Price Band is ₹375 to ₹395.

The minimum bid is 37 Shares with ₹14,615 amount.

Powerica IPO allotment date is March 30, 2026.

Powerica IPO listing date is April 2, 2026. The IPO is to list on BSE & NSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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