Powerica Limited IPO
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The public market debut of Powerica Limited's was completed on 02-04-2026 with its listing on the NSE, BSE exchange. The IPO process raised 2,78,48,100 Shares in total capital, consisting of 1,77,21,518 Shares in new equity and ₹400.00 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹375 to ₹395 and minimum application size of 37 shares. Investor response during the subscription period from 24-03-2026 to 27-03-2026 influenced the final allotment ratios across investor categories.
Final allotment was announced on 30-03-2026, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Powerica Limited IPO About Company
Powerica Ltd is a power solutions company that provides diesel generator sets (DG sets) for both main and backup power needs. The company offers a wide range of generators from 7.5 kVA to 10,000 kVA to suit different industries and uses. Its generator business includes DG sets powered by Cummins engines, covering low power (7.5–160 kVA), medium power (180–500 kVA), and high power (above 500 kVA), with manufacturing units in Bengaluru, Silvassa, and Khopoli. Apart from this, the company also operates 11 wind power projects in Gujarat with a total capacity of 279.55 MW as of March 31, 2025, and is involved in emission control solutions through its associate company, Platino Automotive.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Powerica Limited IPO Strength Factors
- Strong Position in Generator Sets Market: The company has over four decades of experience in DG sets, offering a wide capacity range from 7.5 kVA to 10,000 kVA. It is supported by a long-term relationship with Cummins and expansion into MSLG solutions.
- Strong Technical and Execution Strength: The company is supported by advanced manufacturing, precision engineering, and a skilled workforce, ensuring reliable product quality and smooth project execution.
- Diversified Customer Base: The company serves multiple industries such as commercial, infrastructure, manufacturing, agriculture, IT/data centres, government, and defense, which helps reduce dependence on any single sector.
Powerica Limited IPO Risk Factors
- Ongoing Legal Risk: The company, along with its promoters and directors, is involved in a civil case related to family arrangements and equity shares. Any unfavorable outcome may affect the company’s share value and overall business performance.
- Dependence on Key Suppliers: The company relies on major suppliers, including Cummins India, for important components. Any disruption in supply, quality issues, or delivery delays may impact operations and financial performance.
- Dependence on Power Purchase Agreements (PPAs): Revenue from power projects depends on long-term PPAs. Any changes in contract terms, regulations, or issues with buyers may affect cash flow and business operations.
Powerica Limited IPO Lead Manager(s)
- ICICI Securities Limited
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
Powerica Limited IPO Promoter(s)
- Naresh Chander Oberoi
- Bharat Oberoi
- Renu Naresh Oberoi
- Jai Ram Oberoi
- Naresh Oberoi Family Trust
- Bharat Oberoi Family Trust
- Kabir and Kimaya Family Private Trust
Powerica Limited IPO FAQs
Powerica Limited IPO subscribed 1.53 times. The public issue subscribed 0.15 times in the retail category,4.74 times in QIB, and 0.47 times in the HNI (10+) category byApril 2, 2026 4:16:00 AM (Day 2).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Powerica Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Powerica Limited IPO FAQs
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