Powerica IPO Description – Powerica is an integrated power solutions provider with a diversified presence across conventional power generation equipment and renewable energy infrastructure. Its core Generator Set Business, established in 1984, spans diesel generator (“DG”) sets powered by Cummins engines and medium speed large generators (“MSLG”) offered in collaboration with HD Hyundai Heavy Industries. As one of Cummins India’s OEMs for over four decades, the company manufactures and supplies DG sets across a wide capacity range from 7.5 kVA to 3,750 kVA, while its MSLG portfolio extends up to 10,000 kVA, enabling it to address both standby and primary power requirements. The company operates three captive manufacturing facilities in Bengaluru, Silvassa and Khopoli, supported by a pan-India sales and service network of 19 offices and 32 authorised dealers.
In parallel, the company has built a scaled Wind Power Business since entering the sector in 2008. As of March 31, 2025, it owns and operates 11 wind power projects in Gujarat with an installed capacity of 279.55 MW, backed by long-term power purchase agreements with GUVNL and SECI. Two additional projects aggregating 104 MW are under construction, taking the total IPP portfolio to 383.55 MW. The company also undertakes EPC and O&M services for balance of plant (“BoP”) and has executed wind projects aggregating 399.10 MW for both internal and third-party IPPs.
For Fiscal 2025, revenue from operations stood at ₹2,653.27 crore, with the Generator Set Business contributing 85% and the Wind Power Business 15%. This balanced portfolio, supported by long-standing OEM partnerships, stable annuity-style renewable revenues and strong execution capabilities, positions the company to benefit from rising demand for reliable power infrastructure and renewable energy transition in India. As of 31 March 2025 company employed 877 employees.
Promoters of Powerica – 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
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Powerica IPO Details
| Powerica IPO Dates | 24 – 27 March 2026 |
| Powerica Issue Price | Coming soon |
| Fresh issue | INR 700 crore |
| Offer For Sale | INR 400 crore |
| Total IPO size | INR 1,100 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Powerica Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 2,378.26 | 2,210.00 | 2,653.27 |
| Expenses | 2,222.38 | 2,016.04 | 2,465.30 |
| Net income | 106.45 | 226.11 | 175.83 |
| Margin (%) | 4.48 | 10.23 | 6.63 |
Powerica Offer News
Powerica Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 6.32 | 18.46 | 15.26 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 15.37 | 24.80 | 13.40 |
| NAV | 79.80 | 67.08 | 47.57 |
| ROCE (%) | NA | 43.47 | 27.02 |
| EBITDA (%) | 14.01 | 16.40 | 13.03 |
| Debt/Equity | NA | 0.20 | 0.29 |
Powerica IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Powerica Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment/repayment of certain outstanding borrowings availed by the company – INR 525 crore
- General Corporate Purposes
Powerica IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Powerica – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Powerica | – | 15.26 | 15.37 | 79.80 | 2,653.2 |
| Cummins India | 48.94 | 72.15 | 26.45 | 272.78 | 1,090.6 |
| Kirloskar Oil Engines | 26.85 | 33.60 | 15.85 | 212.60 | 6,349.1 |
| NTPC Green Energy | 159.93 | 0.67 | 2.58 | 21.88 | 2,209.6 |
| Acme Solar | 64.94 | 4.53 | 5.59 | 74.54 | 1,405.1 |
Powerica IPO Allotment Status
Powerica IPO allotment status will be available on MUFG Intime’s website. Click on this link to get allotment status.
Powerica IPO Dates & Listing Performance
| IPO Opening Date | 24 March 2026 |
| IPO Closing Date | 27 March 2026 |
| Finalization of Basis of Allotment | 30 March 2026 |
| Initiation of refunds | 1 April 2026 |
| Transfer of shares to demat accounts | 1 April 2026 |
| Powerica IPO Listing Date | 2 April 2026 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Powerica IPO Reviews – Subscribe or Avoid?
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Powerica IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi,
Mumbai – 400 025 Maharashtra, India
Tel: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com
Powerica Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, Embassy 247 L B S Marg, Vikhroli (West)
Mumbai – 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.in.mpms.mufg.com
Powerica Contact Details
POWERICA LIMITED
9th Floor, Bakhtawar, Nariman Point,
Mumbai – 400 021, Maharashtra, India
Telephone: 022 – 43152525
Website: www.powericaltd.com
E-mail: [email protected]
Powerica IPO FAQs
How many shares in the Powerica IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Powerica Public Offer?
The best way to apply for Powerica’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Powerica IPO GMP today?
Powerica IPO GMP today is INR 0 per share.
What is Powerica Subject to Sauda rate today?
Powerica Subject to Sauda rate today is INR 0 per application.
