Powerica IPO Details
Powerica IPO Summary
Powerica IPO opens for subscription on 24 Mar 2026 and closes on 27 Mar 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 02 Apr 2026.
Powerica IPO price band has been fixed at ₹375 – ₹395 per share. The face value is ₹5 per share with a lot size of 37.
Powerica IPO total issue size comprises 2,78,48,099 shares (aggregating up to ₹1100.00 Cr). This includes a fresh issue of 1,77,21,523 shares (aggregating up to ₹700.00 Cr). Offer for Sale consists of 1,01,26,582 shares (aggregating up to ₹400.00 Cr). Pre-issue shareholding stands at 10,88,25,400, which will increase to 12,65,46,918 post-issue.
Powerica IPO carries a ₹7.5 (1.9%) GMP, reflecting investor sentiment.
Powerica IPO Lot Size :Retail Minimum is 1 lot (37 shares) amounting to ₹14,615. Retail Maximum is 13 lots (481 shares) amounting to ₹189,995. SHNI Minimum is 14 lots (518 shares) amounting to ₹204,610. SHNI Maximum is 68 lots (2,516 shares) amounting to ₹993,820. BHNI Minimum is 69 lots (2,553 shares) amounting to ₹1,008,435.
Powerica IPO Details
Powerica IPO Dates
- 24 Mar 2026Opening dateOpen
- 27 Mar 2026Closing dateClose
- 30 Mar 2026Allotment Date Allotment
- 01 Apr 2026Initiation of RefundsRefund
- 01 Apr 2026Credit of SharesCredit
- 02 Apr 2026Listing dateListing
Powerica IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,615 |
| Retail Maximum | 13 | 481 | ₹189,995 |
| SHNI Minimum | 14 | 518 | ₹204,610 |
| SHNI Maximum | 68 | 2516 | ₹993,820 |
| BHNI Minimum | 69 | 2553 | ₹1,008,435 |
Powerica IPO Reservation
Promoter Holding
Documents
Powerica IPO Valuations
Powerica Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,729.73 | 2,414.83 | 2,084.91 | 2,125.81 |
| Total Income | 1,474.87 | 2,710.93 | 2,356.77 | 2,422.42 |
| Profit After Tax | 134.55 | 175.83 | 226.11 | 106.45 |
| EBITDA | 220.42 | 345.66 | 362.45 | 333.21 |
| NET Worth | 1,214.52 | 1,085.60 | 912.49 | 794.60 |
| Reserves and Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
| Amount in ₹ Crore | ||||
About Powerica IPO
Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.
The company offers 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.
Business Segments:
- Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines - Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and 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 on March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW
- Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive.
Key Strengths
- Established Position in the Generator Set Market
- Collaborations and Alliances with Established Industry Players
- Strong Technical and Execution Capabilities
- Large and Diversified Customer Base
- Experienced and Proven Management Team
- Strong Financial Performance
Strength Of Powerica IPO
- Established position in the generator set market.
- Collaborations and alliances with established industry players.
- Strong technical and execution capabilities.
- Experienced and proven management team.
- Balanced business portfolio with strong financial performance.
Risk Of Powerica IPO
- The company is significantly dependent on its Generator Set Business, which contributed 85.00%, 86.30%, and 82.79% of the company's revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Any negative developments affecting the company's Generator Set Business could have a material adverse impact on its business, financial condition, results of operations and prospects.
- The company relies on its business collaborations, including with Cummins for engines and alternators for the company's DG sets. Revenue from sale of DG sets powered by Cummins engines accounted for 70.39%, 71.04% and 56.77% of its revenue from operations for Fiscals 2025, 2024 and 2023, respectively. Similarly, the company relies on Hyundai for the supply of MSLG sets. Any supply disruption from such partners could adversely impact the company's business and results of operations.
- The independent power producer ("IPP") operations in our Wind Power Business which contributed 7.56%, 9.90% and 8.76% of the company's total revenue from operations for Fiscals 2025, 2024 and 2023, respectively, rely on key relationships with OEMs to facilitate supply of components and effective O&M services across most of its Operational Wind Power Projects, as well as for future IPP developments. Any deterioration in these relationships, or performance or financial failure of our OEMs, could adversely affect the company's business, results of operations, and financial condition.
- The company has historically relied, and may continue to relies, on Cummins India and the company's top five suppliers for a significant portion of its materials and components. If these key suppliers fails to deliver the required quantities, meet delivery schedules, or adhere to specified quality standards or technical specifications, the company's business operations and financial condition could be adversely affected.
- The company is dependents on its power purchase agreements ("PPAs") to sell power and generate the company's revenue from operations. Furthermore, the terms of our PPAs may expose us to certain risks that may affect its future results of operations and cash flows.
- Some of the land lease agreements for the company's wind power projects have shorter terms than the corresponding power purchase agreements ("PPAs") entered into for the respective projects. The expiry and non-renewal of such land lease agreements prior to the end of the relevant PPA could potentially result in the premature termination of the corresponding PPA, which may have a material adverse effect on its business, cash flows, financial condition and results of operations.
- The performance of the company's Operational Wind Power Projects is significantly affected by seasonality, regulatory requirements, and environmental and physical conditions, all of which are subject to variability and unpredictability. Any adverse changes to these may negatively impact its business, financial condition, results of operations, and cash flows.
- The company is exposed to credit risk from its customers and the recoverability of the company's trade receivables is subject to uncertainties. Delays or defaults in payment by the customers could adversely affect its business, results of operations, financial condition and cash flows.
- The company's Generator Set Business is heavily dependent on the performance of the diesel generator set market in southern India and western India, particularly the markets in the states of Maharashtra, Karnataka, Tamil Nadu and Kerala, and any adverse changes in the conditions affecting these markets could adversely affect its business, results of operations and financial condition.
- If power evacuation facilities are not made available by the time the company's IPP power projects are ready to commence operations, the company may incur significant transmission costs or may be forced to back down from the grid, and its operations could be adversely affected.
Objectives Powerica IPO
1. Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full
2. General corporate purposes
Company Contact Details
Powerica Ltd.
9th Floor, Bakhtawar,
Nariman Point
Mumbai, Maharashtra, 400021
Phone: 022 - 43152525
Email: investorrelations@powericaltd.com
Website: http://www.powericaltd.com/
Registrar Contact Details
Powerica FAQs
The Powerica IPO is a MAINBOARD public issue comprising 27848099 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹1100.00 Cr. The issue price has been fixed at ₹395 per equity share, and the minimum application size is 37 shares.
The IPO opens for subscription on 24 Mar 2026, and closes on 27 Mar 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹7.5 (1.9%).
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