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Powerica IPO

  • Status: Closed
  • RHP:
  • ₹ 13,875 / 37 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    02 Apr 2026

  • Listing Price

    ₹375.00

  • Listing Change

    -5.06%

  • Last Traded Price

    ₹426.50

Powerica IPO Details

  • Open Date

    24 Mar 2026

  • Close Date

    27 Mar 2026

  • Listing Date

    02 Apr 2026

  • IPO Price Range

    ₹ 375 to ₹395

  • IPO Size

    ₹ 1,100 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Powerica IPO Timeline

Powerica IPO Subscription Status

Last Updated: 27 March 2026 5:22 PM by 5paisa

Powerica Ltd is a power solutions company focused on diesel generator sets for both primary and backup power needs. It offers a wide range of DG sets from 7.5 kVA to 10,000 kVA, catering to diverse industry requirements. The company operates through its generator business, supplying Cummins-powered DG sets across low, medium, and high capacities, supported by manufacturing facilities in Bengaluru, Silvassa, and Khopoli. It also has a wind power segment with 11 projects in Gujarat totaling 279.55 MW, along with emission control solutions through its associate company.  

Established in: 1984 

Managing Director: Naresh Chander Oberoi 

Peers:

Metric  Powerica Limited  Cummins India Limited  Kirloskar Oil Engines Limited  NTPC Green Energy Limited  Acme Solar Holdings Limited  Adani Green Energy Limited 
Face Value 5  2 2 10 2 10 
Closing price on March 11, 2026  - 4,626.80  1,452.85  86.70 229.85  849.80 
Revenue from operations, for Fiscal 2025  2,653.27  10,390.69   6,349.13  2,209.64  1,405.13  11,212.00 
EPS (Basic for Fiscal 2025)    15.26  72.15  33.71  0.67  4.55  8.37 
EPS (Diluted for Fiscal 2025)  15.26  72.15  33.60  0.67  4.53  8.37
P/E   - 64.13  43.24  129.40  50.74  101.53 
RONW (%)   15.37  26.45  15.85  2.58  5.59  11.90 
NAV  99.76  272.78  212.60  21.88  74.54  76.62 

Powerica Objectives

1. Prepayment or repayment of certain outstanding borrowings of the Company amounting to ₹525.00 Cr 

2. Remaining proceeds to be used for general corporate purposes 

Powerica IPO Size 

Types Size
Total IPO Size ₹1,100 Cr 
Offer For Sale ₹1.01 Cr 
Fresh Issue ₹700 Cr 

Powerica IPO Lot Size 

Application Lots Shares Amount (₹)
Retail (Min) 1 37  13,875 
Retail (Max) 13 481  1,89,995 
S - HNI (Min) 14 518  ‬1,94,250 
S - HNI (Max)  68 2,516  9,93,820  
B - HNI (Min)  69 2,553  9,57,375 

Powerica IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 4.74 55,56,879 2,63,46,331 1,040.680
Non-Institutional Buyers 0.47 41,68,835 19,41,390 76.685
BNII 0.47 27,79,224 13,04,990 51.547
SNII 0.46 13,89,612 6,36,400 25.138
Individual Investors (IND category bidding for 2 Lots) 0.16 97,27,282 15,16,778 59.913
Total** 1.53 1,95,08,862 2,98,77,352 1,180.155

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY23 FY24 FY25
Revenue 2,378.26  2,210.00  2,653.27 
EBITDA 333.21  362.45  345.66 
PAT 106.45  226.11  175.83 
Particulars (In ₹ Crores) FY23 FY24 FY25
Total Assets 2,125.81  2,084.91  2,414.83 
Share Capital 16.70  13.60  13.60 
Total Liabilities 2,125.81  2,084.91  2,414.83 
Cash Flows (₹ Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) Operating Activities 252.17  283.38  247.41 
Net Cash Generated From / (used in) Investing Activities - 93.74  - 13.75  - 336.75 
Net Cash Generated From / (used in) Financing Activities - 164.80  - 267.79  85.57 
Net Increase (Decrease) in Cash and Cash Equivalents - 6.37  1.84  - 3.77 


Strengths

1. Strong and established presence in the generator set market 

2. Strategic alliances with leading global and domestic industry players 

3. Robust technical expertise and execution capabilities 

4. Wide and diversified customer base across industries 

5. Experienced management team with a proven track record 

Weaknesses

1. High dependence on the generator set business for a major share of revenue 

2. Significant reliance on key partners like Cummins and Hyundai for critical components 

3. Concentration risk due to dependence on a limited number of suppliers 

4. Exposure to losses from certain subsidiaries impacting overall financial performance 

5. Legal proceedings involving the company and promoters may impact business stability 

Opportunities

1. Ability to tap underserved markets with increasing need for continuous and backup power solutions 

2. Expansion into renewable energy and hybrid projects supported by strong policy push 

3. Rising demand for emission control solutions driven by stricter environmental norms 

4. Leveraging strategic alliances to access new technologies and expand into new markets 

5. Scope to scale allied businesses and diversify offerings across defence, infrastructure, and energy segments 

Threats

1. Dependence on power purchase agreements may impact revenue visibility and cash flows 

2. Restrictive covenants under financing agreements may limit operational flexibility 

3. Customer payment delays or defaults may affect cash flow and financial health 

4. Wind power operations exposed to seasonality, regulatory changes, and environmental factors 

5. Operational or technical failures may lead to increased costs and reduced performance 

1. Established presence in the DG set market with a wide range of power solutions across segments 

2. Strategic partnerships with global players enhancing technical capabilities and market competitiveness 

3. Strong engineering and execution expertise ensuring reliable and high-quality product delivery 

4. Experienced leadership team with a proven track record of driving long-term growth 

5. Diversified business model with stable financial performance and balanced cash flows 

1. Rising demand for reliable backup power driven by urbanisation, infrastructure growth, and grid instability 

2. Increasing adoption of DG sets across sectors like healthcare, data centres, telecom, and industrial applications 

3. Strong growth potential from expanding EV charging infrastructure requiring dependable standby power 

4. Growing need for high-capacity generator sets in heavy industries and critical infrastructure 

5. Rapid expansion of renewable energy capacity creating opportunities in wind and hybrid power projects

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FAQs

Powerica IPO opens from March 24, 2026 to March 27, 2026. 

The size of Powerica IPO is approximately ₹1,100 crore.

The price band of Powerica IPO is fixed at ₹375 to ₹395 per share. 

To apply for Powerica IPO, follow the steps given below: 

●    Login to your 5paisa demat account and select the issue in the current IPO section     

●    Enter the number of lots and the price at which you wish to apply for the Powerica IPO.     

●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange. 

You will receive a mandate notification to block funds in your UPI app. 

The minimum lot size is 37 shares, requiring an investment of approximately ₹13,875‬.    

The share allotment date of Powerica IPO is March 30, 2026. 

The Powerica IPO will likely be listed on April 02, 2026. 

ICICI Securities Ltd is the book-running lead manager. 

1. Allocate ₹525.00 Cr towards full or partial repayment of existing debt 

2. Balance funds to be utilized for general corporate needs