How to Check Powerica IPO Allotment Status

Powerica Ltd is a power solutions company specialising 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.

Its business is structured into three key segments: the Generator Set Business Division (Diesel Generator sets powered by Cummins engines across Low Horse Power 7.5 kVA to 160 kVA, Medium Horse Power 180 kVA to 500 kVA, and High Horse Power above 500 kVA, with three manufacturing facilities in Bengaluru, Silvassa, and Khopoli), the Wind Power Business Division (owning and operating 11 wind power projects in Gujarat with a total installed capacity of 279.55 MW as of March 31, 2025), and Retrofit Emission Control Devices (RECD) through its Associate Company, Platino Automotive.

Powerica IPO is a book build issue of ₹1,100.00 crore, comprising a fresh issue of 1.77 crore shares aggregating to ₹700.00 crore and an offer for sale of 1.01 crore shares aggregating to ₹400.00 crore. The IPO opened on March 24, 2026, and closed on March 27, 2026. The allotment is expected on Monday, March 30, 2026. The share price band was set at ₹375 to ₹395 per share.

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Steps to Check Powerica IPO Allotment Status on Registrar Site

• Visit the BSE IPO Allotment Status Page MUFG Intime India Pvt. Ltd.
• Select "Powerica" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Powerica IPO Allotment Status on BSE/NSE

• Navigate to the BSE IPO Allotment Status Page, NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Powerica" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Powerica IPO Subscription Status

Powerica IPO subscribed 1.53 times overall. Here is the category-wise breakdown as of 4:44:35 PM on March 27, 2026:

• QIB Category (Ex Anchor): 4.74 times
• Non-Institutional Investors (NII): 0.46 times
• Retail Investors: 0.15 times

Powerica IPO Share Price and Investment Details

The minimum investment required was ₹14,615 for 1 lot (37 shares). The issue raised ₹329.40 crore from anchor investors. The issue includes a reservation of up to 55,866 shares for employees offered at a discount of ₹37.00 to the issue price. The anchor investor lock-in period ends on April 29, 2026 for 50% of shares (30 days) and June 28, 2026 for the remaining shares (90 days). Given the overall subscription of 1.53 times with strong institutional interest at 4.74 times, weak NII participation at 0.46 times, and weak retail subscription at 0.15 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised for prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full (₹525.00 crore), and general corporate purposes.

Business Overview

Powerica Limited is engaged in providing integrated power solutions and specialises in DG Sets. It has also ventured into wind power generation and has running projects in Gujarat. The company reported inconsistency in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment.

The company demonstrated financial performance with total income of ₹2,710.93 crore for FY2025 and a net worth of ₹1,214.52 crore as of September 30, 2025. The company benefits from an established position in the generator set market, collaborations and alliances with established industry players, strong technical and execution capabilities, a large and diversified customer base, an experienced and proven management team, and strong financial performance. However, investors should note the post-issue P/E ratio of 18.58 and Price to Book Value of 3.54.