Bookbuilding IPO | ₹1,100 Cr | Listed at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026
Powerica IPO is a book build issue of ₹1,100.00 crores. The issue is a combination of fresh issue of 1.77 crore shares aggregating to ₹700.07 crores and offer for sale of 1.01 crore shares aggregating to ₹399.93 crores.
Powerica IPO bidding started from Mar 24, 2026 and ended on Mar 27, 2026. The allotment for Powerica IPO was finalized on Mar 30, 2026. The shares got listed on the NSE and the BSE on Apr 2, 2026.
Powerica IPO is set final issue price at ₹395 per share. The lot size for an application is 37 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,615 (37 shares) (based on upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,04,610, and for bNII, it is 69 lots (2,553 shares), amounting to ₹10,08,435.
The issue includes a reservation of up to 55,865 shares for employees offered at a discount of ₹37.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Powerica IPO RHP for detailed Information.
IPO Open
Tue, Mar 24, 2026
IPO Close
Fri, Mar 27, 2026
Issue Price
₹395 per share
Market Cap (Pre-IPO)
₹4,998.60 Cr
| IPO Date | 24 to 27 Mar, 2026 |
| Listed on | Thu, Apr 2, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹375 to ₹395 |
| Issue Price | ₹395 per share |
| 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 | 2,78,53,058 shares (agg. up to ₹1,100 Cr) |
| Fresh Issue | 1,77,26,477 shares (agg. up to ₹700 Cr) |
| Offer for Sale | 1,01,26,581 shares of ₹5 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 10,88,25,400 shares |
| Share Holding Post Issue | 12,65,51,877 shares |
| BSE Script Code / NSE Symbol | 544744 / POWERICA |
| ISIN | INE921L01032 |
Powerica IPO comprises a total issue size of 2,78,53,332 shares. The net offer to the public is 2,77,97,467 shares, after excluding 55,865 shares under a preferential allotment. Of the Net offer 1,38,98,732 (50.00%) are allocated to QIB, 41,69,621 (15.00%) allocated to NII 97,29,114 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,38,98,732 | 50.00% | 49.90% | NA |
| − Anchor Investor Shares Offered | 83,39,239 | 29.94% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 55,59,493 | 19.96% | NA | |
| NII (HNI) Shares Offered | 41,69,621 | 15.00% | 14.97% | NA |
| − bNII > ₹10L | 27,79,748 | 9.98% | 5,366 | |
| − sNII < ₹10L | 13,89,873 | 4.99% | 2,683 | |
| Retail Shares Offered | 97,29,114 | 35.00% | 34.93% | 2,62,949 |
| Preferential Reservations | ||||
| Employee Shares Offered | 55,865 | 0.20% | NA | |
| Total Shares Offered | 2,78,53,332 | 100.00% | 100.00% | |
Investors can bid for a minimum of 37 shares and in multiples thereof.
| 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 raises ₹329.40 crore from anchor investors. Powerica IPO Anchor bid date is March 23, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 23, 2026 |
| Shares Offered | 83,39,239 |
| Anchor Portion (₹ Cr.) | 329.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Apr 28, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Jun 27, 2026 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to 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 | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
Key Strengths
| Period Ended | 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 and Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full | 525.00 |
| 2 | General corporate purposes | 136.51 |
| Total | 661.51 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 11.60% | 17.53% |
| ROCE | 13.90% | 27.02% |
| Debt/Equity | 0.40 | 0.24 |
| RoNW | 10.62% | 15.37% |
| PAT Margin | 9.12% | 6.49% |
| EBITDA Margin | 15.23% | 13.03% |
| Price to Book Value | 3.54 | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 16.16 | 21.26 |
| P/E (x) | 24.45 | 18.58 |
| Promoter Holding | 99.99% | 77.20% |
| Market Cap | ₹4,998.60 Cr. |
The Powerica IPO is subscribed 1.53 times on March 27, 2026 6:54:34 PM (Day 3). The public issue subscribed 0.16 times in the retail category, 4.74 times in the QIB category, and 0.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 4.74 | 55,56,879 | 2,63,46,331 |
| NII | 0.47 | 41,68,835 | 19,41,390 |
| bNII (> ₹10L) | 0.47 | 27,79,224 | 13,04,990 |
| sNII (< ₹10L) | 0.46 | 13,89,612 | 6,36,400 |
| Retail | 0.16 | 97,27,282 | 15,16,815 |
| Employee | 1.30 | 55,866 | 72,853 |
| Total | 1.53 | 1,95,08,862 | 2,98,77,389 |
Total Applications: 24,910
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 31.80 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 2.05 |
| 3 | Fees payable to the Registrar to the Offer | 0.04 |
| 4 | Auditors | 1.77 |
| 5 | Industry expert | 0.51 |
| 6 | Fee payable to legal counsel | 7.42 |
| 7 | Fees payable to other intermediaries | 0.66 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 3.96 |
| 9 | Printing and stationery | 0.84 |
| 10 | Advertising and marketing expenses | 4.05 |
| 11 | Miscellaneous | 7.31 |
| Total | 60.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹395.00 | ₹395.00 |
| Open | ₹375.00 | ₹366.00 |
| Low | ₹365.10 | ₹365.10 |
| High | ₹396.85 | ₹397.00 |
| Last Trade | ₹390.00 | ₹390.00 |
Powerica IPO is a main-board IPO of 2,78,53,058 equity shares of the face value of ₹5 aggregating up to ₹1,100 Crores. The issue is priced at ₹395 per share. The minimum order quantity is 37.
The IPO opens on Tue, Mar 24, 2026, and closes on Fri, Mar 27, 2026.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Powerica IPO using UPI as a payment gateway. Zerodha customers can apply in Powerica IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Powerica IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Powerica IPO opens on Tue, Mar 24, 2026 and closes on Fri, Mar 27, 2026.
Powerica IPO lot size is 37, and the minimum amount required for application is ₹14,615.
You can apply in Powerica IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Powerica IPO will be done on Monday, March 30, 2026, and the allotted shares will be credited to your demat account by Wed, Apr 1, 2026. Check the Powerica IPO allotment status.
The Powerica IPO listing date is on Thu, Apr 2, 2026.
