Powerica Limited IPO Details

Powerica Limited has fixed the IPO price band in the range of ₹375 to ₹395 per equity share with a face value of ₹5. The IPO subscription dates are scheduled for Tuesday, March 24 to Friday, March 27.

Key Highlights

• Allocation to anchor investors: Monday, March 23
• Floor price: 75 times the face value of the equity shares
• Cap price: 79 times the face value of the equity shares
• Lot size: 65 equity shares with multiples of 65 equity shares thereafter
• Reserved shares:
  • Qualified Institutional Buyers (QIB): not more than 50%
  • Non-Institutional Investors (NII): not less than 15%
  • Retail investors: not less than 35%
  • Employee portion: up to ₹2 crore

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

IPO Details

• Total IPO size: ₹1,400 crore
• Fresh issue: ₹700 crore
• Offer For Sale (OFS): ₹400 crore (reduced from ₹700 crore)
• Expected post-issue market capitalization: ₹4,998.6 crore (if priced at the upper end of the range)
• Allocation of fresh issue proceeds:
  • Debt repayment: ₹525 crore
  • General corporate activities: remaining funds

Book Running Lead Managers

• ICICI Securities
• IIFL Capital
• Nuvama Wealth Management

Read also: Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO

Registrar

• MUFG Intime India

Company Overview

• Powerica offers generator sets with capacities from 7.5 kVA to 10,000 kVA
• Revenue mix:
  • Generator set segment: 80.5%
  • Wind power division: remainder
• Financial performance:
  • Six-month period ending September 2025: ₹129 crore profit, ₹1,447.44 crore revenue
  • Fiscal year 2025: ₹166.8 crore profit, ₹2,653.3 crore revenue (20% increase from prior year)
  • Listed peers: Cummins India Ltd, Kirloskar Oil Engines Ltd, NTPC Green Energy Ltd, Acme Solar Holdings Ltd, and Adani Green Energy Ltd