📋 Powerica Ltd IPO 2026 — Date, Price Band, GMP & Allotment
Powerica Ltd IPO is a Mainboard book-built issue that opened on 24 March 2026 and closed on 27 March 2026. The company raised ₹1,100 Crore through this public offering at a price band of ₹375–₹395 per share. The Powerica IPO allotment was finalised on 30 March 2026 and shares were listed on NSE & BSE on 2 April 2026.
🏢 About Powerica Ltd — Company Overview
Headquartered in Mumbai, Powerica Ltd is a leading power solutions company specializing in diesel generator (DG) sets powered by Cummins engines with capacities ranging from 7.5 kVA to 10,000 kVA. The company also owns and operates 11 wind power projects in Gujarat with a total installed capacity of 279.55 MW as of March 2025. It has three manufacturing facilities in Bengaluru (Karnataka), Silvassa (Dadra & Nagar Haveli), and Khopoli (Maharashtra).
Powerica serves industries, commercial buildings, data centres, and infrastructure projects. Its Generator Set Business Division covers Low Horse Power (7.5–160 kVA), Medium Horse Power (180–500 kVA), and High Horse Power (above 500 kVA) categories. The company also operates a Retrofit Emission Control Devices (RECD) business through its associate company Platino Automotive.
📊 Powerica IPO Details at a Glance
◆ Exchange: NSE & BSE (Mainboard)
◆ Issue Type: Book Built Mainboard IPO (Fresh Issue + OFS)
◆ Price Band: ₹375 – ₹395 per share
◆ Face Value: ₹5 per share
◆ Lot Size: 37 shares
◆ Minimum Investment (Retail): ₹14,615 (1 lot = 37 shares)
◆ Minimum Investment (sNII): ₹2,04,610 (14 lots = 518 shares)
◆ Issue Size: ₹1,100 Crore
◆ Fresh Issue: ₹700 Crore | OFS: ₹400 Crore
◆ Employee Reservation: 55,865 shares at ₹37 discount
◆ Lead Managers: ICICI Securities Ltd, IIFL Capital Services Ltd, Nuvama Wealth Management Ltd
◆ Registrar: MUFG Intime India Pvt. Ltd.
📅 Powerica IPO Timeline — Important Dates
◆ Anchor Investor Date: 23 March 2026 — Raised ₹329.40 Crore
◆ IPO Open Date: 24 March 2026
◆ IPO Close Date: 27 March 2026
◆ Allotment Date: 30 March 2026
◆ Refund Initiation: 1 April 2026
◆ Demat Credit: 1 April 2026
◆ Listing Date: 2 April 2026 (Thursday) — NSE & BSE
📈 Powerica IPO GMP Today
Check the latest Powerica IPO GMP today live on IPOView. GMP was around ₹5 near listing, indicating a modest 1.27% premium over the issue price of ₹395. GMP is unofficial and should not be the sole basis of investment decisions.
💰 Powerica IPO Subscription Status
The Powerica IPO subscription status showed a muted first day response with overall 1% subscription. Retail category subscribed 2%, NII 1%, and QIB saw no subscription on Day 1. The IPO received a cautious response from investors despite positive long-term recommendations from select brokerage firms.
📑 Powerica IPO Financials
◆ Revenue FY24: ₹2,210 Crore
◆ Revenue FY25: ₹2,653 Crore — 20% YoY growth
◆ PAT FY24: ₹226.3 Crore
◆ PAT FY25: ₹166.8 Crore — declined 26% due to lower other income
◆ H1 FY26 Profit: ₹129 Crore on revenue of ₹1,447.44 Crore — recovery visible
◆ Outstanding Borrowings: ₹1,214.25 Crore as of Feb 2026
Powerica IPO — Strengths
🔹 Cummins Engine Partnership — DG sets powered by globally trusted Cummins engines across all power ranges.
🔹 Diversified Energy Portfolio — DG sets + 279.55 MW wind power provides long-term revenue stability.
🔹 20% Revenue Growth FY25 — Revenue grew from ₹2,210 Cr to ₹2,653 Cr.
🔹 Strong Anchor Allocation — ₹329.40 Crore raised from SBI MF, HDFC MF, ICICI Prudential MF, Kotak Life and others.
🔹 Debt Reduction Plan — ₹525 Crore of IPO proceeds allocated to repay borrowings.
🔹 3 Manufacturing Facilities — Bengaluru, Silvassa, Khopoli ensuring pan-India production capability.
⚠️ Powerica IPO — Risks
🔸 PAT Declined 26% in FY25 — Profit fell from ₹226 Cr to ₹167 Cr due to lower other income.
🔸 High Debt — Outstanding borrowings of ₹1,214 Crore as of February 2026.
🔸 Muted Subscription Response — Weak first-day demand signals cautious investor sentiment.
🔸 OFS Component — ₹400 Crore OFS means existing shareholders exit, no fresh capital for this portion.
🔍 Powerica IPO — Conclusion
The Powerica Ltd IPO offers exposure to India's power solutions sector with a diversified DG sets and wind energy portfolio. With debt reduction as the primary use of proceeds, long-term investors may benefit from balance sheet improvement. Track Powerica IPO allotment status, GMP and listing price on IPOView. Also check all 2026 IPOs on IPOView.