Powerica Ltd.
NSE & BSE₹375–395
₹ 812 Cr
37 Shares
₹ 13,875
₹5
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 3,011.52 | 2,653.27 | |
| 43.03 | 57.86 | |
| 3,054.55 | 2,711.13 | |
| 2,635.72 | 2,316.79 | |
| 287.11 | 253.49 | |
| 277.31 | 172.19 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
24 Mar 2026
IPO Offer Ends
27 Mar 2026
2 Apr 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Prepayment/repayment of certain outstanding borrowings availed by our | 5,250 |
| 2 | General corporate purposes | 1,365.1 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
99.99%
Promoter stake
Post-IPO
77.18%
Promoter stake
Offered to Public
2,05,55,171
shares
Post Share Capital
9,76,74,965
shares
About the Company
We are an integrated power solutions provider specializing in diesel generator sets (“DG sets”), for both primary and standby applications. As one of the original equipment manufacturers (“OEMs”) for Cummins India Limited (“Cummins India”, along with its affiliates, “Cummins”), we have maintained a relationship with them for over four decades. We commenced our DG sets business in 1984, and subsequently expanded our generator set portfolio to include medium speed large generators (“MSLG”) in 1996. We continue to develop this segment through a collaboration with HD Hyundai Heavy Industries Co., Limited (“Hyundai”), on a non-exclusive basis. By integrating our DG set and MSLG offerings, we provide 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. As of the date of this Draft Red Herring Prospectus, our generator set business comprises of DG sets powered by Cummins engines, MSLG offerings in collaboration with Hyundai, and certain allied business activities (“Generator Set Business”).
Use of Proceeds
1. Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full; and 2. General corporate purposes.
Powerica Ltd. Latest News
News
Powerica informs about analyst meet
Powerica surges on getting LoA from Solar Energy Corporation of India
The project shall be commissioned within 24 months from the date of Power Purchase Agreement
Powerica gets LoA from Solar Energy Corporation of India
The project shall be commissioned within 24 months from the date of Power Purchase Agreement
Powerica climbs on securing 50MW wind project from GUVNL
The electronic reverse auction was finalized on July 09, 2026
Powerica secures 50MW wind project from GUVNL
The electronic reverse auction was finalized on July 09, 2026
Powerica incorporates wholly owned subsidiary
The Ministry of Corporate Affairs has approved the incorporation of the said WOS on June 27, 2026
Powerica informs about closure of trading window
Powerica reports Profit after tax of Rs 342.80 Mln, in the March 2026 quarter
Powerica informs about press release
Powerica coming with IPO to raise upto Rs 1,158.90 crore
The issue will open for subscription on March 24, 2026 and will close on March 27, 2026
IPO FAQs
The Powerica Ltd. IPO has a total of ₹812 crore, calculated at the upper end of the .
The Powerica Ltd. IPO is priced at ₹375–395 per share. bids must fall within this , against a of ₹5 per share.
The for the Powerica Ltd. IPO is 37 shares, which is also the minimum order quantity — you have to apply for at least 37 shares, and in multiples of 37 beyond that.
The minimum investment in the Powerica Ltd. IPO is about ₹13,875 — one lot of 37 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Powerica Ltd. opens on 24 Mar 2026 and closes on 27 Mar 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Powerica Ltd. shares were listed on 2 Apr 2026 on BSE and NSE.
MUFG Intime India Pvt Ltd. is the for the Powerica Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.
Powerica Ltd. IPO shares are listed on BSE and NSE.
Each Powerica Ltd. share has a of ₹5.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 99.99% of Powerica Ltd. before the IPO, which falls to 77.18% after the issue.
2,05,55,171 shares of Powerica Ltd. are being offered to the public in this issue.
The Powerica Ltd. IPO has been subscribed 1.45x overall — 4.50x, 0.44x, 0.15x and employees 1.23x.
figures update through the issue period until it closes.
- 1.Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full
- 2.General corporate purposes
ICICI Securities Ltd, IIFL Holdings Ltd. and Nuvama Wealth Management Ltd. are the for the Powerica Ltd. IPO.
Pre-apply means placing your Powerica Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Powerica Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Powerica Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.