Powerica Ltd IPO Details

Initial Public Offering (IPO) Details

Powerica Ltd, a leading power solutions provider, has announced that its Rs 1,100-crore initial public offering (IPO) will open for subscription on March 24. The IPO will conclude on March 27. The company's stock market debut is scheduled for April 2.

IPO Details

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The IPO consists of a fresh issue of Rs 700 crore and an offer for sale (OFS) of Rs 300 crore by promoters. The OFS size has been reduced from Rs 700 crore, resulting in a total IPO size of Rs 1,000 crore, down from the earlier proposed Rs 1,400 crore.

Use of Proceeds

The company plans to utilize Rs 525 crore from the fresh issuance to reduce its debt, with the remaining amount used for general corporate purposes. As of September 30, 2025, the company's total borrowings stood at Rs 571.95 crore.

Company Overview

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Powerica Ltd is an integrated power solutions provider specializing in diesel generator sets (DG sets), medium speed large generators (MSLG), and related services. The company also operates in the wind power sector and has developed capabilities as an engineering, procurement, and construction contractor, as well as an operation and maintenance service provider for balance of plant.

Financial Performance

The company's revenue from operations increased by 20% to Rs 2,653 crore in FY25 from Rs 2,210 crore in the preceding fiscal year. However, profit after tax declined to Rs 175.83 crore for FY25 compared to Rs 226.11 crore for FY24.

IPO Allocation

Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.

Issue Management

The IPO is being managed by ICICI Securities, IIFL Capital Services, and Nuvama Wealth Management.