Powerica IPO is a bookbuilt issue of Rs 1,100.00 crore. It combines a fresh issue of 1.77 crore shares aggregating to ₹700.00 crore and an offer for sale of 1.01 crore shares aggregating to ₹400.00 crore.
The IPO opens for subscription on March 24, 2026, and closes on March 27, 2026. The allotment is expected to be finalized on Monday, March 30, 2026. The price band for the IPO is set at ₹375 to ₹395 per share, and the minimum lot size for an application is 37 shares.
Company Summary
Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.
The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications.
Business Segments
- Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines – Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and high horse power above 500 kVA. It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
- Wind Power Business Division: As of March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW
- Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive.
Company Strengths
- 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
- Strong Financial Performance
Company Financials
| Period Ended | 30 Sept 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 | 794.6 |
| Reserves and Surplus | 1.158.99 | 1.070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.8 | 177.52 | 278.88 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or in full
- General corporate purposes
Promoters of the Company
Naresh Chander Oberoi, Bharat Oberoi, Renu Naresh Oberoi, Jai Ram Oberoi, Naresh Oberoi Family Trust, Bharat Oberoi Family Trust And Kabir and Kimaya Family Private Trust are the company promoters.
IPO Details
| IPO Date | March 24, 2026 to March 27, 2026 |
| Listing Date | April 02, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹375 to ₹395 per share |
| Lot size | 37 shares |
| Total Issue size | 2,78,48,100 shares (aggregating upto ₹1,100.00 Cr ) |
| Fresh Issue | 1,77,21,518 shares (aggregating upto ₹700.00 Cr ) |
| Offer for Sale | 1,01,26,582 shares of ₹5 (aggregating upto ₹400.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 10,88,25,400 shares |
| Share Holding Post Issue | 12,65,46,918 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,615.00 |
| Retail (Max) | 13 | 481 | ₹1,89,995.00 |
| S-HNI (Min) | 14 | 518 | ₹2,04,610.00 |
| S-HNI (Max) | 68 | 2,516 | ₹9,93,820.00 |
| B-HNI (Min) | 69 | 2,553 | ₹10,08,435.00 |
Allotment Schedule
| Basis of Allotment | Mon, 30 Mar, 2026 |
| Initiation of Refunds | Wed, 1 Apr, 2026 |
| Credit of Shares to Demat | Wed, 1 Apr, 2026 |
| Tentative Listing Date | Thu, 2 Apr, 2026 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Source – SEBI, Chittorgarh
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