IPOMar 23, 2026
Powerica IPO Set to Launch on Tuesday: Key Details Unveiled in 10 Key Points
Powerica IPO
Initial Public Offering (IPO) Details
- Issue Size: ₹1,100 crore (book build issue)
- Subscription Period: March 24 - March 27 (due to market holiday on Thursday)
- Price Band: ₹375 - ₹395 per share
- IPO Lot Size: 37 shares (minimum lot size for retail investors is one lot)
Grey Market Premium (GMP)
- GMP on Monday morning: ₹4
- Expected Listing Price: ₹399 (premium of 1% based on upper price band)
- Valuation: ₹395 (28.43 times PE and 3.96 times PB)
IPO Key Details
- Reservation:
- 50% of net issue for Qualified Institutional Buyers (QIBs)
- 15% of net issue for Non-Institutional Investors (NIIs)
- 35% of net issue for Retail Investors
- Objects of the Offer:
- Payment of certain borrowings
- General corporate purposes
- IPO Allocation and Listing:
- Allotment date: March 30
- Listing date: April 2
Financial Performance
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
- Total Comprehensive Income:
- FY23: ₹105.64 crore
- FY24: ₹225.74 crore
- FY25: ₹166.12 crore
- Six months in FY26: ₹127.79 crore
- Revenue from Operations:
- FY23: ₹2,378.26 crore
- FY24: ₹2,210 crore
- FY25: ₹2,653.27 crore
- Six months in FY26: ₹1,447.44 crore
Investor Takeaway
Investors should be cautious of a muted listing for Powerica shares.
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