IPO Details

Powerica IPO

Powerica Limited

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Mainboard IPO

₹13,875

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Powerica Limited

Industry / Sector: Power Solutions / Diesel Generator Sets & Renewable Energy

Founded Year: 1984

Promoters: Naresh Chander Oberoi, Bharat Oberoi, Renu Naresh Oberoi, Jai Ram Oberoi, Naresh Oberoi Family Trust, Bharat Oberoi Family Trust, Kabir and Kimaya Family Private Trust

Powerica Limited is a leading power solutions provider specializing in diesel generator sets (DG sets) ranging from 7.5 kVA to 10,000 kVA, powered primarily by Cummins engines. It has three manufacturing facilities in Bengaluru (Karnataka), Silvassa (Dadra & Nagar Haveli), and Khopoli (Maharashtra). The company also operates a Wind Power Business Division with 11 wind power projects in Gujarat (total installed capacity 279.55 MW as of March 31, 2025) and offers Retrofit Emission Control Devices (RECD) through its associate company Platino Automotive. It serves diverse industries with main and backup power solutions.

IPO Basic Details

Company Name	Powerica Limited
IPO Type	Mainboard IPO
Price Band	₹375 – ₹395
Lot Size	37
Total Issue Size	₹1,100 Cr (2,78,48,100 shares)

IPO Strengths & Risks

Strengths

Established position in the generator set market
Collaborations with established industry players (Cummins)
Strong technical and execution capabilities
Large and diversified customer base
Experienced and proven management team
Strong financial performance

Risks

Fuel price and regulatory changes in power sector
Competition in DG set and renewable energy
Dependence on key engine suppliers
Working capital intensive

IPO Important Dates

IPO Open Date	24 Mar 2026
IPO Close Date	27 Mar 2026
Basis of Allotment	30 Mar 2026
Refund Initiation	01 Apr 2026
Demat Credit Date	01 Apr 2026
Listing Date	02 Apr 2026
Anchor Investor Date	-
UPI Mandate Deadline	-

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – -
Debt repayment – -
General corporate purposes – -

Investor Reservation

QIB Quota	50% (incl. Anchor)
Retail Quota	35%
HNI Quota	15%
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	1 lot	37	₹14,615
Retail Maximum	13 lots	481	₹1,89,995
S-HNI Minimum	14 lots	518	₹2,04,610
S-HNI Maximum	-	-	-
B-HNI Minimum	69 lots	2553	₹10,08,435

Key Performance Indicators (KPI)

ROE	17.53% (Mar 31, 2025) / 11.60% (Sep 30, 2025)
ROCE	27.02% (Mar 31, 2025) / 13.90% (Sep 30, 2025)
RoNW	-
PAT Margin	N/A
EBITDA Margin	N/A
EPS	N/A
NAV per share	-
Debt to Equity	0.24 (Mar 31, 2025) / 0.40 (Sep 30, 2025)
P/E Ratio	N/A
Industry P/E	20–40x (power equipment)

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
31 Mar 2023	₹2,125.81 Cr	₹2,422.42 Cr	₹106.45 Cr	₹333.21 Cr	₹794.60 Cr	₹278.88 Cr
31 Mar 2024	₹2,084.91 Cr	₹2,356.77 Cr	₹226.11 Cr	₹362.45 Cr	₹912.49 Cr	₹177.52 Cr
31 Mar 2025	₹2,414.83 Cr	₹2,710.93 Cr	₹175.83 Cr	₹345.66 Cr	₹1,085.60 Cr	₹300.80 Cr
30 Sep 2025	₹2,729.73 Cr	₹1,474.87 Cr	₹134.55 Cr	₹220.42 Cr	₹1,214.52 Cr	₹571.95 Cr

Grey Market Premium

GMP Price	₹1 – ₹2 (~0.25–0.5%)
Kostak Rate	N/A
Subject to Sauda	N/A
Last Updated	Mar 2026
Estimated Listing Price	₹396 – ₹397

IPO Subscription Data

Total Subscription	1.45x (final on Day 3)
QIB (Ex Anchor)	4.50x – 4.74x
HNI Subscription	0.47x
Retail Subscription	0.16x – 0.20x
Anchor	-

IPO Intermediaries

Registrar: MUFG Intime India Private Limited (Link Intime)

Registrar Website: https://linkintime.co.in

IPO Lead Manager(s)

ICICI Securities Ltd.

IPO Documents

DRHP RHP Prospectus PDF Investor Presentation

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