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Powerica IPO
Price Band
₹375.0–395.0
Issue Size
₹1100.0 Cr
Lot Size
37 shares
Min Investment
₹14,615
GMP
+₹7.0 (1.77%)
Issue Price
₹395.0
Powerica IPO AI Summary
- Powerica IPO is listed on BSE, NSE in the Heavy Electrical Equipment sector.
- Price band: ₹375.0–₹395.0 per share, lot size 37 shares (min. investment ₹14,615).
- Subscription window: 24 Mar–27 Mar 2026, listing on 02 Apr 2026.
- Current GMP is +₹7.0 (1.77%), an estimated listing price of ₹402 — unofficial and can change daily.
Powerica Ltd is set to launch its IPO with an issue price of ₹395, aiming to raise ₹1,100 Cr. The company has a strong market position in diesel generator sets and is expanding its wind power operations. Investors should consider the company's financial performance and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Powerica IPO Grey Market Premium (GMP) Today
GMP
+₹7.0
GMP %
+1.77%
Est. Listing
₹402.0
Updated: 14 Jul 2026 15:52
About the Company
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: Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines - Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and high horse power above 500 kVA. It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra. Wind Power Business Division: As on March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive. Key Strengths Established Position in the Generator Set Market Collaborations and Alliances with Established Industry Players Strong Technical and Execution Capabilities Large and Diversified Customer Base Experienced and Proven Management Team Strong Financial Performance
Company Financials (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹16.16
NAV
₹99.76
ROE
17.53%
ROCE
27.02%
RoNW
15.37%
P/B Value
3.96
P/E Ratio
24.45
Market Cap
₹4998.60 Cr
PAT Margin
6.49%
Debt/Equity
0.24
Promoters
Naresh Chander Oberoi, Bharat Oberoi, Renu Naresh Oberoi, Jai Ram Oberoi, Naresh Oberoi Family Trust, Bharat Oberoi Family Trust & Kabir and Kimaya Family Pvt.Trust
Objects of the Issue
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 3 Issue Expenses 60.41 Total 721.92
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,422.42 Cr in the year ended 31 Mar 2023, increasing to ₹2,356.77 Cr by 31 Mar 2024, then rising to ₹2,710.93 Cr in the year ended 31 Mar 2025. However, by the latest period, 30 Sep 2025, total income decreased to ₹1,474.87 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹106.45 Cr in the year ended 31 Mar 2023, rising to ₹226.11 Cr by 31 Mar 2024. This continued to increase to ₹175.83 Cr in the year ended 31 Mar 2025, but then decreased to ₹134.55 Cr in the latest period, 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that there is demand for the shares, while a negative GMP indicates lower demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's market position and financial performance when making decisions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and uncertain in the short term.
IPO Timeline, Explained
The IPO opens for subscription on 24 March 2026 and closes on 27 March 2026. Allotment of shares will be done by 30 March 2026, and the shares are expected to be listed on the stock exchange on 2 April 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a higher price than the issue price. However, these gains are not guaranteed, and the stock price can fluctuate significantly after listing, posing risks to investors.
This evaluation is generated from Powerica's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Powerica IPO GMP today?
Powerica IPO GMP today is +₹7.0 (1.77%), indicating an estimated listing price of ₹402. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Powerica IPO?
The price band of Powerica IPO is ₹375.0–₹395.0 per share.
When does Powerica IPO open and close?
Powerica IPO opens on 24 March 2026 and closes on 27 March 2026.
When does Powerica IPO list on the stock exchange?
Powerica IPO listed on 02 April 2026 at ₹402.0.
What is the lot size for Powerica IPO?
The lot size for Powerica IPO is 37 shares, requiring a minimum investment of ₹14,615.
What is the price band for the IPO?
The price band for the IPO is ₹375 to ₹395.
What is the lot size for this IPO?
The lot size is 37 shares.
What is the minimum investment required?
The minimum investment required is ₹14,615.
When is the IPO expected to be listed?
The IPO is expected to be listed on 2 April 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the shares in the unofficial market before they are listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Mar 2026
Close
27 Mar 2026
Allotment
30 Mar 2026
Listing
02 Apr 2026
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