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 Generators · 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
Tentative dates
🟢
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 on BSE & NSE at 10:00 AM IST
📋 IPO Details
Key issue information
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)₹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
Promoter Holding (Pre)99.99%
Market Cap (Pre-IPO)₹4,998.60 Cr
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 individual investors can apply 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
📈 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 Borrowings571.95300.80177.52278.88
Income Performance
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
0.40x
Debt/Equity
Sep 30, 2025
💹 Valuation & EPS
Pre-IPO EPS
₹16.16
Based on Mar 31, 2025 Earnings
P/E: 24.45x
Post-IPO EPS
₹21.26
Annualised H1 FY26 Earnings
P/E: 18.58x
ℹ️ Pre-IPO EPS is calculated based on Pre-issue shareholding as on date of RHP and FY25 earnings. Post-issue valuation reflects equity dilution from the ₹700 Cr fresh issue.
🎯 Objects of the Issue
Net proceeds utilisation
Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full
₹525.00 Cr
General corporate purposes
Balance
Estimated Net Proceeds Utilisation ₹525.00 Cr
🏢 About Powerica Limited
Nariman Point, Mumbai · Power Solutions · Wind Energy

Powerica Ltd is a leading power solutions provider specializing in diesel generator sets (DG sets) with capacities ranging from 7.5 kVA to 10,000 kVA. Its DG sets are powered by Cummins engines and serve a diverse industrial customer base. The company operates three manufacturing facilities in Bengaluru, Silvassa, and Khopoli.

Beyond manufacturing, the company has a strong presence in the renewable energy sector through its Wind Power Business Division, operating 11 projects in Gujarat with an installed capacity of 279.55 MW. It also offers Retrofit Emission Control Devices (RECD) through its associate, Platino Automotive.

Business Divisions
⚡
DG Sets Division
Generator sets (7.5 kVA to 10,000 kVA) powered by Cummins engines
🌀
Wind Power
279.55 MW total installed capacity across 11 projects in Gujarat
🏭
Manufacturing
State-of-the-art units in Bengaluru, Silvassa, and Khopoli
🌿
RECD Solutions
Emission control devices through associate Platino Automotive
Competitive Strengths
🏆Established leadership position in the Indian Generator Set market
🤝Strategic collaboration and long-standing alliance with Cummins
⚙️Strong technical and execution capabilities in power solutions
💼Large and diversified customer base across various industries
📅 Key Dates
IPO Opens24 Mar 2026
IPO Closes27 Mar 2026
Allotment30 Mar 2026
Refund & Credit1 Apr 2026
Listing Day2 Apr 2026
💡 Quick Summary
Price Band₹375 – ₹395
Upper Price₹395 / share
Lot Size37 shares
Min. Investment₹14,615
Issue Size₹1,100 Cr
Fresh Issue₹700.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 +91-22-4918 6270
powerica.ipo@in.mpms.mufg.com
Lead Manager
ICICI Securities Ltd.
📍 Registered Address
Powerica Ltd.
9th Floor, Bakhtawar,
Nariman Point,
Mumbai, Maharashtra — 400021
📞 022 – 43152525
investorrelations@powericaltd.com
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. This issue lists on both BSE and NSE. Employees are eligible for a discount of ₹37 per share.
⚠️ 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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