Powerica IPO
Bookbuilding IPO | ₹1,100.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Tue, Mar 24, 2026
IPO Close
Fri, Mar 27, 2026
Price Band
₹375.00 to ₹395.00
Market Cap (Pre-IPO)
₹4,998.60 Cr
IPO Details
| IPO Date | Mar 24, 2026 to Mar 27, 2026 |
| Listing Date | Tentative: Apr 02, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹375.00 to ₹395.00 |
| Lot Size | 37 Shares (Minimum: ₹14,615.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,100.00 Crores |
| Total Shares Offered | 27,848,100 shares |
| Fresh Issue | 17,721,518 shares |
| Offer For Sale | 10,126,582 shares |
Powerica IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15.00% of the Offer |
Powerica IPO Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,615 |
| Retail (Max) | 13 | 481 | ₹189,995 |
| S-HNI (Min) | 14 | 518 | ₹204,610 |
| S-HNI (Max) | 68 | 2,516 | ₹993,820 |
| B-HNI (Min) | 69 | 2,553 | ₹1,008,435 |
Powerica Financial Information (Restated Consolidated)
| 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 |
Amount in ₹ Cr
Key Performance Indicators
| KPI | Values |
|---|---|
| ROE (Return on Equity) | 17.53% |
| ROCE (Return on Capital Employed) | 27.02% |
| Debt/Equity | 0.24 |
| RoNW (Return on Net Worth) | 15.37% |
| PAT Margin (Profit After Tax Margin) | 6.49% |
| EBITDA Margin | 13.03% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.16 | 21.26 |
| P/E (x) | 24.45 | 18.58 |
| Promoter Holding | 99.99% | - |
Company Promoters
- Naresh Chander Oberoi
- Bharat Oberoi
- Renu Naresh Oberoi
- Jai Ram Oberoi
- Naresh Oberoi Family Trust
- Bharat Oberoi Family Trust And Kabir and Kimaya Family Private Trust are the company promoters.
Company Overview
Powerica – Company Overview
- Powerica Limited is a power solutions company specializing in diesel generator (DG) sets for both primary and backup power requirements across industries.
- The company offers a wide range of DG sets from 7.5 kVA to 10,000 kVA, catering to diverse industrial and commercial applications.
Business Segments
- Generator Set Division:
- Provides DG sets powered by Cummins Inc. engines
- Categories include:
- Low Power: 7.5 kVA – 160 kVA
- Medium Power: 180 kVA – 500 kVA
- High Power: Above 500 kVA
- Manufacturing facilities located in Bengaluru, Silvassa, and Khopoli
- Wind Power Division:
- Owns and operates 11 wind power projects in Gujarat
- Total installed capacity of 279.55 MW (as of March 31, 2025)
- Emission Control Solutions:
- Offers Retrofit Emission Control Devices (RECD) through associate company Platino Automotive
Company 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
Use of Proceeds
| 1) | Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full | 525.00 |
| 2) | General corporate purposes | |
| Total | 525.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Powerica IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Powerica | 15.26 | 15.26 | 79.80 | - | 15.37 | - | - |
| Cummins India | 72.15 | 72.15 | 272.78 | 64.13 | 26.45 | 17.01 | - |
| Kirloskar Oil Engines | 33.71 | 33.60 | 212.60 | 43.24 | 15.85 | 6.85 | - |
| NTPC Green Energy | 0.67 | 0.67 | 21.88 | 129.40 | 2.58 | 4.10 | - |
| Acme Solar | 4.53 | 4.53 | 74.54 | 50.74 | 5.59 | 3.09 | - |
| Adani Green Energy | 8.37 | 8.37 | 76.62 | 101.53 | 11.90 | 11.17 | - |
Quick Info
| Sector | power generation equipment manufacturing and renewable energy |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,998.60 Cr |
Important Dates
| IPO Open | Mar 24, 2026 |
| IPO Close | Mar 27, 2026 |
| Allotment Date | Mar 30, 2026 |
| Credit to Demat | Apr 01, 2026 |
| Listing Date | Tentative: Apr 02, 2026 |
Lead Manager(s)
ICICI Securities Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Description
- IPO Type: Book build issue aggregating to ₹1,100.00 crores.
- Issue Structure: Combination of a fresh issue of 1.77 crore shares (₹700.00 crores) and an offer for sale of 1.01 crore shares (₹400.00 crores).
- IPO Dates: The issue opens on March 24, 2026 and closes on March 27, 2026.
- Allotment Date: Expected to be finalized on March 30, 2026.
- Listing Details: Shares are proposed to be listed on BSE Limited and National Stock Exchange of India with a tentative listing date of April 2, 2026.
- Retail Investment Requirement: Minimum 1 lot (37 shares) amounting to approximately ₹14,615 at the upper price band.
- sNII Investment Requirement: Minimum 14 lots (518 shares) totaling around ₹2,04,610.
- bNII Investment Requirement: Minimum 69 lots (2,553 shares) totaling around ₹10,08,435.
- IPO Price Band: ₹375 to ₹395 per equity share.
- Lot Size: 37 shares per lot.
This IPO offers investors an opportunity to participate in a large-scale public issue, subject to market risks.