POWERICA LIMITED
₹ 375 - ₹ 395
24-Mar-2026 - 27-Mar-2026
₹ 14615.00

/ 37 Shares

POWERICA LIMITED

24-Mar-2026 - 27-Mar-2026

₹ 375 - ₹ 395

Price Band

₹ 14615.00

Minimum Investment

37

Bid Lot

27,853,332

Shares

IPO Details

Fresh Issue of Equity Shares aggregating to Rs. 700 Cr and Offer for Sale of Equity Shares aggregating to Rs. 400 Cr

Category % Shares/Amount
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

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
262949 FORM 1X 2683 FORM 1X 5366 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 37 ₹ 14,615
Retail (Upto 2 Lakh) 13 481 ₹ 189,995
S-HNI (2 Lakh to 10 Lakh) 14 518 ₹ 204,610
S-HNI (2 Lakh to 10 Lakh) 68 2516 ₹ 993,820
B-HNI (Above 10 Lakh) 69 2553 ₹ 1,008,435

IPO Timeline

  • Open Date

    24-Mar-2026

  • Close Date

    27-Mar-2026

  • Basis of Allotment Date

    30-Mar-2026

  • Initiation of Refunds

    01-Apr-2026

  • Credit Shares to Demat A/c

    01-Apr-2026

  • IPO Listing Date

    02-Apr-2026

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.
Read More

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 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, 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.

  • 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 InvestoYard’s IPO application form.

  • 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.

Frequently Asked Questions

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