{"id":6477,"date":"2026-03-20T09:19:20","date_gmt":"2026-03-20T09:19:20","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6477"},"modified":"2026-03-20T09:56:26","modified_gmt":"2026-03-20T09:56:26","slug":"powerica-ipo-2026-details-price-band-gmp-review","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/powerica-ipo-2026-details-price-band-gmp-review\/","title":{"rendered":"Powerica IPO Review: Key Details, Company Overview, Industry Context & Financials"},"content":{"rendered":"

Powerica IPO is a book-built public issue worth \u20b91,100.00 crore. The IPO consists of two components. The company is issuing 1.77 crore fresh shares aggregating to \u20b9700.00 crore, while existing shareholders are offering 1.01 crore shares through an Offer for Sale (OFS) aggregating to \u20b9400.00 crore.<\/span><\/p>\n

The Powerica IPO will open for subscription from March 24, 2026 to March 27, 2026. The allotment is expected to be finalised on March 30, 2026. The shares are proposed to be listed on both BSE and NSE on April 2, 2026.<\/span><\/p>\n

The price band for the issue has been fixed at \u20b9375 \u2013 \u20b9395 per share. Investors must apply in lots of 37 shares. At the upper price band, the minimum investment required for retail investors is \u20b914,615.<\/span><\/p>\n

For Non-Institutional Investors (NIIs), the investment requirement is higher. The small NII (sNII) category requires a minimum of 14 lots (518 shares), amounting to \u20b92,04,610. The big NII (bNII) category requires a minimum of 69 lots (2,553 shares), amounting to \u20b910,08,435.<\/span><\/p>\n

ICICI Securities Ltd. is acting as the Book Running Lead Manager (BRLM) and MUFG Intime India Pvt. Ltd. is the registrar to the issue.<\/span><\/p>\n

(Source:<\/strong> DRHP<\/a>)<\/span><\/em><\/span><\/p>\n

Company Overview<\/strong><\/h2>\n

Powerica Limited is a power solutions company engaged in manufacturing and supplying diesel generator sets (DG sets) for both prime and backup power applications.<\/span><\/p>\n

The company offers generator sets ranging from 7.5 kVA to 10,000 kVA, catering to diverse industrial, commercial, and infrastructure requirements.<\/span><\/p>\n

Business Segments:<\/strong><\/h3>\n

Generator Set Business Division<\/span><\/strong><\/h3>\n
    \n
  • DG sets powered by Cummins engines<\/span>
    \n<\/span><\/li>\n
  • Low horsepower: 7.5 kVA to 160 kVA<\/span>
    \n<\/span><\/li>\n
  • Medium horsepower: 180 kVA to 500 kVA<\/span>
    \n<\/span><\/li>\n
  • High horsepower: Above 500 kVA<\/span>
    \n<\/span><\/li>\n
  • Manufacturing facilities located at Bengaluru (Karnataka), Silvassa (Dadra and Nagar Haveli), and Khopoli (Maharashtra)<\/span><\/li>\n<\/ul>\n

    Wind Power Business Division<\/strong><\/p>\n

      \n
    • Owns and operates 11 wind power projects in Gujarat<\/span>
      \n<\/span><\/li>\n
    • Total installed capacity of 279.55 MW (as of March 31, 2025)<\/span>Retrofit Emission Control Devices (RECD)<\/li>\n
    • Through associate company Platino Automotive<\/span>
      \n<\/span><\/li>\n<\/ul>\n

      (Source:<\/strong> RHP)<\/span><\/em><\/span><\/p>\n

      Industry Context<\/strong><\/h2>\n
        \n
      • India\u2019s power backup market is driven by rising infrastructure development, urbanization, and industrial growth.<\/span>
        \n<\/span><\/li>\n
      • Increasing demand for reliable power solutions in data centres, manufacturing, healthcare, and telecom supports DG set demand.<\/span>
        \n<\/span><\/li>\n
      • Government focus on renewable energy expansion has increased wind power capacity additions.<\/span>
        \n<\/span><\/li>\n
      • Stricter emission norms and environmental regulations influence generator set technology upgrades.<\/span>
        \n<\/span><\/li>\n
      • The sector faces competition from renewable energy solutions and grid reliability improvements.<\/span>
        \n<\/span><\/li>\n<\/ul>\n

        (Source:<\/strong> RHP)<\/span><\/em><\/span><\/p>\n

        Business Strengths<\/strong><\/h2>\n
          \n
        • Established presence in the generator set market<\/span>
          \n<\/span><\/li>\n
        • Strategic collaborations with Cummins and other industry players<\/span>
          \n<\/span><\/li>\n
        • Strong technical and execution capabilities<\/span>
          \n<\/span><\/li>\n
        • Diversified customer base across industries<\/span>
          \n<\/span><\/li>\n
        • Integrated manufacturing facilities<\/span>
          \n<\/span><\/li>\n
        • Established wind power portfolio<\/span>
          \n<\/span><\/li>\n<\/ul>\n

          (Source:<\/strong> RHP)<\/span><\/em><\/span><\/p>\n

          Financial Performance<\/strong><\/h2>\n

          Powerica Limited \u2013 Financials (\u20b9 in crore)<\/strong><\/h3>\n
          \n\n\n\n\n\n\n\n\n\n\n\n
          Particulars<\/th>\n30 Sep 2025<\/th>\n31 Mar 2025<\/th>\n31 Mar 2024<\/th>\n31 Mar 2023<\/th>\n<\/tr>\n<\/thead>\n
          Assets<\/td>\n2,729.73<\/td>\n2,414.83<\/td>\n2,084.91<\/td>\n2,125.81<\/td>\n<\/tr>\n
          Total Income<\/td>\n1,474.87<\/td>\n2,710.93<\/td>\n2,356.77<\/td>\n2,422.42<\/td>\n<\/tr>\n
          Profit After Tax<\/td>\n134.55<\/td>\n175.83<\/td>\n226.11<\/td>\n106.45<\/td>\n<\/tr>\n
          EBITDA<\/td>\n220.42<\/td>\n345.66<\/td>\n362.45<\/td>\n333.21<\/td>\n<\/tr>\n
          Net Worth<\/td>\n1,214.52<\/td>\n1,085.60<\/td>\n912.49<\/td>\n794.60<\/td>\n<\/tr>\n
          Reserves & Surplus<\/td>\n1,158.99<\/td>\n1,070.95<\/td>\n898.67<\/td>\n777.88<\/td>\n<\/tr>\n
          Total Borrowings<\/td>\n571.95<\/td>\n300.8<\/td>\n177.52<\/td>\n278.88<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
          \u2190 Swipe horizontally to see the full financial history \u2192<\/div>\n