Powerica IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| 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 |
| 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: 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
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.
| Purpose | Amount (Cr) |
|---|---|
| Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full | 525.00 |
| General Corporate Purpose | - |
Resources & Documents
Powerica Ltd., 9th Floor, Bakhtawar,, Nariman Point, Mumbai, Maharashtra, 400021
Powerica has set a price band of Rs 375–Rs 395 per share for an issue size of Rs 1,100 crore. The stock listed with a 7.34% discount versus its issue price on April 02, 2026.
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 issue is promoted by 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 with ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd. acting as lead manager. Net proceeds will primarily be used towards Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full (Rs 525 crore) and General Corporate Purpose.
Grey market is quoting a premium of +Rs 9 (+2.3% over issue price), down Rs 3 from the previous session. Final subscription data records overall subscription at 1.45x, retail at 0.15x, QIB at 4.50x, NII at 0.44x.
On fundamentals, the company is posting revenue growth of 15.0%, a profit margin of 6.5%, return on equity of 17.5% in its most recent reported period. Listed peers in this segment include Cummins India Limited (P/E 64.13x, market cap Rs 26 crore) and Kirloskar Oil Engines Limited (P/E 43.24x, market cap Rs 16 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
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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