Powerica IPO Date, Price, GMP, Review, Analysis & Details
Latest Grey Market Premium & IPO Details
Powerica Limited IPO 2026 – Key Info & Highlights
Powerica IPO opens 24–27 Mar 2026. Issue size ₹1100 Cr including ₹700 Cr fresh issue and ₹400 Cr. OFS. Listing on BSE & NSE. Check dates, allotment, price band, GMP, and full IPO details.
📌 IPO Details
| Company Name | Powerica Limited IPO |
|---|---|
| Sector / Industry | Power Generation |
| IPO Open Date | 24-03-2026 |
| IPO Close Date | 27-03-2026 |
| Allotment Date | 30-03-2026 |
| Refund Date | 01-04-2026 |
| Share Credit Date | 01-04-2026 |
| Listing Date | 02-04-2026 |
| Price Band | ₹375 - ₹395 |
| Lot Size | 37 Shares |
| Min Investment | ₹14615 |
| Net Issue Size | ₹1100.00 Cr |
| Fresh Issue | ₹700.00 Cr |
| OFS | ₹400.00 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Anchor List | https://ipoinfoindia.com/uploads/anchor-doc/powerica-limited-anchor-20260324102018-8989.pdf |
| Issue Type | Book Build Issue |
| Face Value | ₹5 Per Equity Share |
| Discount | Employee : ₹37 per share |
| Promoter Holding Pre IPO | 99.99 % |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 35% |
| QIB (Qualified Institutional Buyers) | 50% |
| HNI (High Net Worth Individuals) | 15% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 02-04-2026 | ₹10.00 | ▲ | ₹405.00 | ₹370.00 | 02-04-2026 09:54 |
| 01-04-2026 | ₹5.00 | ▼ | ₹400.00 | ₹185.00 | 01-04-2026 23:00 |
| 31-03-2026 | ₹7.00 | ▲ | ₹402.00 | ₹259.00 | 31-03-2026 23:20 |
📝 About Powerica Limited
Powerica Limited is an India-based power solutions company established in 1984, engaged in providing complete power generation and energy solutions. The company specializes in diesel generator sets (DG sets) used for both primary and backup power requirements and offers end-to-end services including manufacturing, supply, installation, and maintenance of power equipment.
The company provides a wide range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the diverse requirements of industries such as infrastructure, manufacturing, healthcare, telecom, data centers, real estate, and government organizations. Over the years, Powerica has developed strong technical expertise and long-term industry experience in delivering reliable power solutions.
Powerica operates its Generator Set Business Division, which supplies diesel generator sets powered by Cummins engines. These include low horsepower generators from 7.5 kVA to 160 kVA, medium horsepower generators from 180 kVA to 500 kVA, and high horsepower generators above 500 kVA. The company has three manufacturing facilities located in Bengaluru (Karnataka), Silvassa (Dadra and Nagar Haveli), and Khopoli (Maharashtra), enabling efficient production and distribution across India.
In addition to generator solutions, the company also operates in the renewable energy sector through its Wind Power Business Division. As of March 31, 2025, Powerica owns and operates 11 wind power projects in Gujarat with a total installed capacity of 279.55 MW. The company also provides Retrofit Emission Control Devices (RECD) through its associate company, Platino Automotive, supporting emission reduction and environmental compliance.
With more than four decades of experience, strong manufacturing capabilities, and a diversified business model across conventional and renewable power solutions, Powerica Limited has established itself as a trusted provider of integrated power solutions in India.
Powerica Limited Revised Financials
Financial Summary (Last 3 Periods)
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 2,414.83 | 2,710.93 | +175.83 | 1,085.60 | 1,072.15 | 300.80 |
| 31 Mar 2024 | 2,084.91 | 2,356.77 | +226.11 | 912.49 | 899.04 | 177.52 |
| 31 Mar 2023 | 2,125.81 | 2,422.42 | +106.45 | 794.60 | 778.05 | 278.88 |
Note: Positive figures indicate profit. All amounts are reported in ₹ Crore.
Powerica Limited Objects of Issue
- Prepayment / Repayment of Certain Outstanding Borrowings – The Company proposes to utilize ₹525.00 lakh from the IPO proceeds towards prepayment or repayment, in part or full, of certain outstanding borrowings availed by the Company. This will help reduce the debt burden and improve the overall financial stability of the Company.
- General Corporate Purposes – The remaining funds will be used for general corporate purposes, including meeting working capital requirements, administrative expenses, and supporting the Company’s future business growth and operational needs.
Powerica Limited Strengths
- Established Track Record – The company has more than four decades of experience in the power generation and energy solutions industry, which helps it maintain strong credibility and customer trust.
- Strong Industry Partnerships – Powerica has long-term relationships with leading global companies such as Cummins, Hyundai, and other technology partners, which enhances product quality and technical capabilities.
- Diversified Business Model – The company operates in diesel generator sets, medium-speed large generators, and wind power projects, providing multiple sources of revenue.
- Wide Customer Base – Powerica serves clients across industries such as infrastructure, telecom, healthcare, manufacturing, data centers, government, and commercial sectors.
- Strong Manufacturing & Service Network – The company has multiple manufacturing facilities, sales offices, and service support teams across India, enabling efficient project execution and after-sales service.
Powerica Limited Risk Factors
- Dependence on Key Supplier – The company has a long-term association with Cummins for generator products. Any disruption in this relationship may affect the company’s business operations and revenue.
- Dependence on Power Generation Industry – The company’s performance largely depends on demand for power generation equipment and infrastructure projects. Any slowdown in these sectors may impact business growth.
- High Working Capital Requirements – The business requires significant working capital for inventory, projects, and receivables, which may affect cash flow if not managed properly.
- Intense Competition – The company operates in a competitive market with several domestic and international players, which may put pressure on margins and market share.
- Project Execution Risks – Delay in execution of generator, EPC, or wind power projects may lead to cost overruns and impact profitability.
Company Information
Founded in: 1984
MD / CEO: Naresh Chander Oberoi
Address: 9th Floor, Bakhtawar, Nariman Point, Mumbai, Maharashtra 400021, India
Website: https://www.powericaltd.com
Phone: 022-66562525
Email: investorrelations@powericaltd.com
IPO Quick Info
24 Mar 2026
27 Mar 2026
Upcoming
Lead Manager(s)
- ICICI Securities Ltd.
- IIFL Securities Ltd.
- Nuvama Wealth Management Ltd.
Frequently Asked Questions
Powerica Limited is an India-based power solutions company engaged in manufacturing and supplying diesel generator sets, providing power equipment services, and operating wind power projects. The company offers generator sets ranging from 7.5 kVA to 10,000 kVA for various industrial and commercial applications.