Powerica Limited IPO
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Ipo Details
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The investment community is evaluating the IPO prospectus of Powerica Limited's, which outlines a total fundraising target of 2,78,48,101 Shares. This includes 1,77,21,519 Shares in new equity capital and ₹400.00 Cr in existing share sales, providing both growth capital and shareholder liquidity.
Investors can participate within the price bracket of ₹375 to ₹395, with applications starting from 37 shares. The offering's structure reflects careful consideration of market appetite and valuation metrics.
The bidding process opens on 24-03-2026 and concludes on 27-03-2026. Allotment finalization is scheduled for 30-03-2026, leading to the stock's debut on the trading screens of NSE, BSE on 02-04-2026.
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."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
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 0 times. The public issue subscribed -- times in the retail category,-- times in QIB, and -- times in the HNI (10+) category byMarch 18, 2026 7:20:00 AM (Day 18).
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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Powerica Limited was listed on the stock exchange on 2026-04-02. The IPO was subscribed 0x. The last GMP for Powerica Limited IPO was ₹0, updated on March 18, 2026 7:20:00 AM (Day 18). As per the last GMP, the expected profit/loss for the IPO was ₹0.
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