Powerica IPO Price: ₹375 to ₹395 per share
IPO Dates: 24th March – 27th March 2026
Company Overview
Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for both primary and backup power requirements. The company offers a wide range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, catering to diverse industrial and commercial applications.
Product Portfolio
Generator Set Business Division:
The company manufactures diesel generator sets powered by Cummins engines across different capacity ranges:
- Low horsepower: 7.5 kVA to 160 kVA
- Medium horsepower: 180 kVA to 500 kVA
- High horsepower: Above 500 kVA
It operates three manufacturing facilities located in Bengaluru (Karnataka), Silvassa (Dadra & Nagar Haveli), and Khopoli (Maharashtra).
Wind Power Business Division:
As of March 31, 2025, the company owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW.
Emission Solutions (Associate Business):
The company provides Retrofit Emission Control Devices (RECD) through its associate company, Platino Automotive.
Key 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
Bidding Starts In
Powerica IPO Specifics:
| IPO Date | 24 to 27 Mar, 2026 |
| Listing Date | Thu, Apr 2, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹375 to ₹395 |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹37.00 |
| Total Issue Size | 2,78,48,100 shares (agg. up to ₹1,100 Cr) |
| Fresh Issue | 1,77,21,518 shares (agg. up to ₹700 Cr) |
| Offer for Sale | 1,01,26,582 shares of ₹5 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 10,88,25,400 shares |
| Share Holding Post Issue | 12,65,46,918 shares |
Powerica IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Tue, Mar 24, 2026 |
| IPO Close | Fri, Mar 27, 2026 |
| Allotment | Mon, Mar 30, 2026 |
| Refund | Wed, Apr 1, 2026 |
| Credit of Shares | Wed, Apr 1, 2026 |
| Listing | Thu, Apr 2, 2026 |
Powerica IPO Lot Size
Bidders have the opportunity to bid for a minimum of 37 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,615 |
| Retail (Max) | 13 | 481 | ₹1,89,995 |
| S-HNI (Min) | 14 | 518 | ₹2,04,610 |
| S-HNI (Max) | 68 | 2,516 | ₹9,93,820 |
| B-HNI (Min) | 69 | 2,553 | ₹10,08,435 |
Powerica IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Powerica IPO Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
Key Performance Indicator – Powerica IPO
| KPI | Value |
|---|---|
| ROE | 17.53% |
| ROCE | 27.02% |
| Debt/Equity | 0.24 |
| RoNW | 15.37% |
| PAT Margin | 6.49% |
| EBITDA Margin | 13.03% |
| Price to Book Value | 3.96 |
| EPS (₹) | 16.16 |
| P/E (x) | 24.45 |
| Promoter Holding | 99.99% |
| Market Cap | ₹4,998.60 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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