Powerica Limited IPO 2026: Date, Price Band ₹375 – ₹395, GMP & Allotment

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Powerica Limited IPO 2026
PL
Powerica Limited IPO
Power Solutions · Diesel Generator Sets · Wind Power · RECD
📋 Mainline IPO Fresh + OFS NSE, BSE
₹395
Upper Price
₹1,100 Cr
Issue Size
Apr 2, 2026
Listing Date
₹4,998.60 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🔓
IPO Opens
Tuesday, 24 March 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 27 March 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 30 March 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 1 April 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 2 April 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date24 March 2026 (Tue)
IPO Close Date27 March 2026 (Fri)
Listing Date2 April 2026 (Thu)
Face Value₹5 per share
Price Band₹375 to ₹395
Issue Price (Upper Band)₹395 per share
Issue TypeBook Build — Fresh + OFS
Lot Size37 shares
Total Issue Size2,78,48,100 shares (₹1,100 Cr)
Fresh Issue1,77,21,518 shares (₹700 Cr)
Offer for Sale (OFS)1,01,26,582 shares (₹400 Cr)
Employee Discount₹37.00 per share
Pre-Issue Shares10,88,25,400
Post-Issue Shares12,65,46,918
Market Cap (Pre-IPO)₹4,998.60 Cr
Listing ExchangeBSE, NSE
Lead ManagerICICI Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹395
Investor TypeLotsSharesAmount
Retail — Minimum137₹14,615
Retail — Maximum13481₹1,89,995
S-HNI (sNII) — Min14518₹2,04,610
S-HNI (sNII) — Max682,516₹9,93,820
B-HNI (bNII) — Min692,553₹10,08,435
⚠️ Note: Investors can bid for a minimum of 37 shares and in multiples thereof. Retail maximum application is up to ₹2,00,000. Employees are eligible for a discount of ₹37 per share.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Total Assets2,729.732,414.832,084.912,125.81
Total Income1,474.872,710.932,356.772,422.42
PAT134.55175.83226.11106.45
EBITDA220.42345.66362.45333.21
Net Worth1,214.521,085.60912.49794.60
Total Borrowing571.95300.80177.52278.88
Income Growth
FY 2022–23₹2,422.42 Cr
FY 2023–24₹2,356.77 Cr
FY 2024–25₹2,710.93 Cr
H1 FY26 (Apr–Sep 2025)₹1,474.87 Cr
🎯 Key Performance Indicators
17.53%
ROE
FY 2024–25
27.02%
ROCE
FY 2024–25
6.49%
PAT Margin
FY 2024–25
13.03%
EBITDA Margin
FY 2024–25
11.60%
ROE (H1)
Sep 30, 2025
13.90%
ROCE (H1)
Sep 30, 2025
9.12%
PAT Margin (H1)
Sep 30, 2025
0.40
Debt/Equity
Sep 30, 2025
⚖️ Valuation & EPS
Pre-IPO EPS
₹16.16
FY25 earnings + pre-issue shares
P/E: 24.45x
Post-IPO EPS
₹21.26
Annualised H1 FY26 + post-issue shares
P/E: 18.58x
Price to Book Value
3.96x
At ₹395 (Mar 2025 book)
Market Cap (Pre-IPO)
₹4,998.60 Cr
At issue price ₹395
ℹ️ Pre-IPO EPS (₹16.16) based on pre-issue shares (10,88,25,400) and FY25 earnings. Post-IPO EPS (₹21.26) based on post-issue shares (12,65,46,918) and annualised H1 FY26 earnings (Sep 30, 2025). Indicative figures from the RHP.
🎯 Objects of the Issue
Net proceeds utilisation
1
Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full
₹525.00 Cr
2
General corporate purposes
Balance
Total Net Proceeds Goal ₹525.00 Cr
🏢 About Powerica Limited
Est. 1984 · Mumbai, Maharashtra · Power Solutions

Powerica Ltd is a leading power solutions company specializing in diesel generator sets (DG sets) ranging from 7.5 kVA to 10,000 kVA. Powered by Cummins engines, their units serve diverse industries for both main and backup power needs. The company operates manufacturing units in Bengaluru, Silvassa, and Khopoli.

In addition to DG sets, Powerica owns and operates 11 wind power projects in Gujarat with a capacity of 279.55 MW. They also provide Retrofit Emission Control Devices (RECD) through an associate company. With strategic industry alliances and a proven management team, Powerica has established a strong financial and technical track record in the energy sector.

Business Segments
⚡
Generator Division
DG sets powered by Cummins engines for diverse industrial applications
🌀
Wind Power
279.55 MW installed capacity across 11 wind power projects in Gujarat
🏭
Infrastructure
3 manufacturing facilities in Bengaluru, Silvassa, and Khopoli
🌿
Environment
Retrofit Emission Control Devices (RECD) for automotive applications
Competitive Strengths
✅Established leadership position in the high-growth Generator Set market
🤝Strategic collaborations and long-standing alliances with industry giants like Cummins
⚙️Advanced technical and execution capabilities across power and renewable energy
💼Strong financial performance with a proven and experienced management team
Company Promoters
NO
Naresh Chander Oberoi
Promoter, Powerica Limited
BO
Bharat Oberoi
Promoter, Powerica Limited
📅 Key Dates
IPO Opens24 Mar 2026
IPO Closes27 Mar 2026
Allotment30 Mar 2026
Refund & Share Credit1 Apr 2026
Listing Day2 Apr 2026
💡 Quick Summary
Price Band₹375 – ₹395
Issue Price₹395 / share
Lot Size37 shares
Min. Investment (Retail)₹14,615
Issue Size₹1,100 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186270
[email protected]
Lead Manager
ICICI Securities Ltd.
📍 Registered Address
Powerica Limited
9th Floor, Bakhtawar,
Nariman Point,
Mumbai, Maharashtra — 400021
📞 022 – 43152525
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Powerica IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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