POWERICA LIMITED
Price Band
₹ 375 - ₹ 395
Bid Lot
37 Shares
POWERICA LIMITED
24-Mar-2026 - 27-Mar-2026
Price Band
₹ 375 - ₹ 395
Minimum Investment
₹ 14615.00
Bid Lot
37 Shares
Shares
27,853,332
-
Face Value - Rs. 5/- Per Share
- Lisitng at NSE BSE
-
262,949 Application Required in Retail for 1 Time.
-
Registrar :
Link Intime India Private Ltd
IPO Details
Fresh Issue of Equity Shares aggregating to Rs. 700 Cr and Offer for Sale of Equity Shares aggregating to Rs. 400 Cr
QIB
50%
(13,898,732 Shares)RS.549.00 CR
HNI 1
5%
(1,389,873 Shares)RS.54.90 CR @ 2683 FORM 1X
HNI 2
10%
(2,779,748 Shares)RS.109.80 CR @ 5366 FORM 1X
Retail
35%
(9,729,114 Shares)RS.384.30 CR @ 262949 FORM 1X
Employee
0%
(55,865 Shares)RS.2.00 CR
BRLMs: ICICI Securities, IIFL Capital Services, Nuvama Wealth Management
Timeline
-
24
Mar-2026
Open Date
-
27
Mar-2026
Close Date
-
30
Mar-2026
Basis of Allotment Date
-
01
Apr-2026
Initiation of Refunds
-
01
Apr-2026
Credit of Shares to Demat A/C
-
02
Apr-2026
IPO Listing Date
Subscription as on 27-Mar-2026 17:06
Category
Book Size
Subscription
QIB
4.74x
5,559,493
(₹219.60 Cr.)
26,346,331
(₹1040.68 Cr.)
HNI (<10 LAKH)
0.46x
1,389,873
(₹54.90 Cr.)
636,400
(₹25.14 Cr.)
HNI2 (>10 LAKH)
0.47x
2,779,748
(₹109.80 Cr.)
1,304,990
(₹51.55 Cr.)
RETAIL
0.15x
9,729,114
(₹384.30 Cr.)
1,496,576
(₹59.11 Cr.)
EMP
1.30x
55,865
(₹2.21 Cr.)
72,853
(₹2.88 Cr.)
Total
1.53x
19,514,093
29,857,150
Category
Book Size
Subscription
QIB
4.74x
5,559,493
(₹219.60 Cr.)
26,346,331
(₹1040.68 Cr.)
HNI (<10 LAKH)
0.46x
1,389,873
(₹54.90 Cr.)
636,400
(₹25.14 Cr.)
HNI2 (>10 LAKH)
0.47x
2,779,748
(₹109.80 Cr.)
1,304,990
(₹51.55 Cr.)
RETAIL
0.15x
9,729,114
(₹384.30 Cr.)
1,496,576
(₹59.11 Cr.)
EMP
1.30x
55,865
(₹2.21 Cr.)
72,853
(₹2.88 Cr.)
Total
1.53x
19,514,093
29,857,150
*Excluding Anchor
Total No. of Application Approx : ~23181 (0.09 Appwise)
HNI Cost
About Company
- Established in 1984, Powerica Ltd is an integrated power solutions provider
- specialising in diesel generator sets (“DG sets”), medium speed large generators
- (“MSLG”), and related services.
- ? The company’s comprehensive product range spans capacities from 7.5 kVA to
- 10,000 kVA. The company expanded into the wind power sector in 2008 as an
- independent power producer and developed capabilities as an EPC contractor,
- as well as an O&M service provider for balance of plant (BoP).
- ? The company’s DG set customers operate across diverse sectors, including
- commercial (hospitality, healthcare, banking and financial services industry –
- banks, education, residential and other real estate), infrastructure (retail
- infrastructure, logistics, railways and metros), manufacturing (industrial, process
- industries, dairy), agriculture (including cold storage and aquaculture),
- information technology/data centres, government and defense, and rentals.
- ? The company provides comprehensive solutions, including pre-purchase
- consultancy, design, engineering, sales, testing, installation, and O&M services,
- all integrated with Hyundai-manufactured MSLG sets.
- ? The company’s Generator Set Business portfolio further includes allied products
- and services such as: (a) design, production, testing, and approval of
- electromagnetic integrated (“EMI”) shelters and containers for various
- applications including defence; (b) production of acoustic enclosures and (c)
- manufacture, assembly, distribution, and service of Schneider Electric’s PRISMA
- control panels and switchboards.
- ? The company’s sales network comprised 19 sales/marketing offices in addition
- to registered and corporate offices, supported by a sales and marketing team of
- 123 personnel.
- ? The company owns and operates 3 manufacturing facilities located in Bengaluru,
- Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
- ? In 2008, the company strategically diversified into the Wind Power Business. As
- of date, the company owns and operates 12 wind power projects in Gujarat, with
- a total installed capacity of 330.85 MW. Additionally, the company is
- constructing a 52.70 MW wind power project in Gujarat, bringing its IPP portfolio
- to a total installed capacity of 383.55 MW.
- ? The company’s Operational Wind Power Project portfolio of 12 projects is
- supported by long-term, fixed-tariff PPAs with GUVNL and SECI, typically with a
- 25-year term. As of date, the weighted average of the remaining contracted
- years of life of these PPAs is 18 years.
Strengths
Competitive Strength
- Established position in the generator set market
- Collaborations and alliances with established industry players
- Strong technical and execution capabilities
- Large and Diversified Customer Base
- Experienced and proven management team, Promoters and Board of Directors
- Balanced business portfolio with strong financial performance
Business Strategies
- Capitalize on Continued Demand for Generator Sets
- Continue to Develop the Wind Power Business and diversify further into wind solar hybrid projects
- Continue to Develop the Allied Businesses and RECD Business through the Associate
- Further Develop and Strengthen the Alliances to Improve the position in India
- Continuously evaluate expansion opportunities, considering policy and consumer base attractiveness
Company Promoters
Company Financials
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,729.73 | 2,414.83 | 2,084.91 | 2,125.81 |
| Total Income | 1,474.87 | 2,710.93 | 2,356.77 | 2,422.42 |
| Profit After Tax | 134.55 | 175.83 | 226.11 | 106.45 |
| EBITDA | 220.42 | 345.66 | 362.45 | 333.21 |
| NET Worth | 1,214.52 | 1,085.60 | 912.49 | 794.60 |
| Reserves and Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
| Amount in ? Crore | ||||
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (? Cr.) |
|---|---|---|
| 1 | Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full | 525.00 |
| 2 | General corporate purposes | |
| Total | 525.00 |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
-
Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
-
Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question