What is the GMP of Powerica Limited IPO today?

The Grey Market Premium (GMP) for Powerica Limited IPO is currently ₹10. With an upper price band of ₹395, the estimated listing price is ₹405 per share, reflecting an expected listing gain of ~2.53%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Powerica Limited IPO?

The price band for Powerica Limited IPO is ₹375 to ₹395 per equity share. The minimum lot size is 37 shares, which requires a minimum retail application investment of ₹14,615.

What are the important dates for Powerica Limited IPO?

Powerica Limited IPO opens for subscription on 2026-03-24T00:00:00 and closes on 2026-03-27T00:00:00. The basis of allotment is scheduled for 2026-03-30T00:00:00, and shares are expected to list on 2026-04-02T00:00:00 on BSE, NSE.

How can I check the allotment status for Powerica Limited IPO?

You can check Powerica Limited IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Powerica Limited IPO?

Investors can apply for Powerica Limited IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Powerica Limited IPO open and close?

The IPO opens on 24 Mar 2026, and closes on 27 Mar 2026.

What is Powerica Limited IPO price band?

The issue price band is ₹375.00 to ₹395.00 per equity share.

What is the Powerica Limited IPO lot size?

The minimum lot size is 37 shares per application.

What is the Powerica Limited IPO allotment date?

The allotment is scheduled on 30 Mar 2026.

Powerica Limited IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

1100.00 Cr

Price Band

₹375.00 - ₹395.00

Lot Size

37 Shares

Min Investment

₹14,615

GMP

₹10

Subscription

1.53x

₹1,180.16 Cr

24 Mar 2026

IPO Opens

COMPLETED

27 Mar 2026

IPO Closes

COMPLETED

30 Mar 2026

Basis of Allotment

COMPLETED

01 Apr 2026

Refunds

COMPLETED

01 Apr 2026

Demat Credit

COMPLETED

02 Apr 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

24 Mar 2026

IPO ClosesDONE

27 Mar 2026

Basis of AllotmentDONE

30 Mar 2026

RefundsDONE

01 Apr 2026

Demat CreditDONE

01 Apr 2026

ListingDONE

02 Apr 2026

About Powerica Limited IPO

Powerica IPO open date is March 24, 2026 and the IPO will close on March 27, 2026. Powerica IPO is a Book build Issue. The company to raise around ₹1,100 crores via IPO that comprises fresh issue of ₹700 crores and offer for sale up to 1,01,26,582 equity shares with face value of ₹5 each.

Powerica IPO price band is ₹375 to ₹395 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Powerica IPO to list on BSE, NSE on April 2, 2026. The allotment of Powerica IPO date is March 30, 2026.

The company reported revenue of ₹2,710.93 crores in 2025 against ₹2,356.77 crores in 2024. The company reported profit of ₹175.83 crores in 2025 against profit of ₹226.11 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Powerica Limited IPO Details and Specifications
IPO Date	24 Mar 2026 to 27 Mar 2026
Face Value	₹5 Per Share
Price Band	₹375.00 - ₹395.00
Lot Size	37 Shares
Total Issue Size	Approx 1100.00 Cr 2,78,53,058 Equity Shares
Fresh Issue	Approx 700.00 Cr 1,77,26,477 Equity Shares
Offer for Sale	Approx 400.00 Cr 1,01,26,581 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	02 Apr 2026
Listing At	BSE & NSE
Total Subscription Amount	₹1,180.16 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	1,38,98,732	50.00%
- Anchor	83,39,239	0.00%
- QIB (Ex. Anchor)	55,59,493	0.00%
NII	41,69,621	15.00%
- bNII > ₹10L	27,79,748	0.00%
- sNII < ₹10L	13,89,873	0.00%
Retail	97,29,114	35.00%
Employees	55,866	0.20%
Total	2,78,53,333	100.20%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	37	₹14,615
Individual investors (Retail) (Max)	13	481	₹1,89,995
S-HNI (Min)	14	518	₹2,04,610
S-HNI (Max)	68	2,516	₹9,93,820
B-HNI (Min)	69	2,553	₹10,08,435

About Company

Established in 1984, Powerica Limited is one of the growing end-to-end power solutions providers that makes diesel generator sets (DG sets) for regular power supply and for backup during power cuts. They make generator sets in various sizes, ranging from 7.5 kVA to 10,000 kVA, to meet the requirements of various industries and their needs.

The firm uses Cummins engines to design its diesel generator (DG) sets that come in various sizes: Small (7.5 kVA to 160 kVA), Medium (180 kVA to 500 kVA), and Large (above 500 kVA). Powerica manufactures its products in its 3 manufacturing units situated in Karnataka, Silvassa, and Maharashtra. Moreover, along with generators, the firm is also engaged in running 11 wind power projects in Gujarat.

Contact Details

Powerica Ltd.

9th Floor, Bakhtawar,

Nariman Point

Mumbai, Maharashtra, 400021

022 - 43152525

investorrelations@powericaltd.com

Visit Website

Registrar

MUFG Intime India Pvt Ltd

+91-22-49186270

powerica.ipo@in.mpms.mufg.com

Lead Managers

ICICI Securities Ltd

IIFL Capital Services Ltd

Nuvama Wealth Management Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
02-Apr-2026 12:00 PM	+₹10	₹405	+2.53%	₹370
01-Apr-2026 12:00 PM	+₹5	₹400	+1.27%	₹185
31-Mar-2026 12:00 PM	+₹4	₹399	+1.01%	₹148
30-Mar-2026 12:00 PM	+₹5	₹400	+1.27%	₹185
28-Mar-2026 12:00 PM	+₹3	₹398	+0.76%	₹111
27-Mar-2026 12:00 PM	+₹1	₹396	+0.25%	₹37
26-Mar-2026 12:00 PM	+₹1	₹396	+0.25%	₹37
25-Mar-2026 12:00 PM	+₹4	₹399	+1.01%	₹148
24-Mar-2026 12:00 PM	+₹5	₹400	+1.27%	₹185
23-Mar-2026 12:00 PM	+₹6	₹401	+1.52%	₹222
21-Mar-2026 12:00 PM	+₹7	₹402	+1.77%	₹259
20-Mar-2026 12:00 PM	+₹8	₹403	+2.03%	₹296
19-Mar-2026 08:00 PM	+₹8	₹403	+2.03%	₹296

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	4.74x	55,59,493	2,63,46,331	₹1,040.68 Cr
NII	0.47x	41,69,621	19,41,390	₹76.68 Cr
bNII > ₹10L	0.47x	27,79,748	13,04,990	₹51.55 Cr
sNII < ₹10L	0.46x	13,89,873	6,36,400	₹25.14 Cr
Retail	0.16x	97,29,114	15,16,815	₹59.91 Cr
Employees	1.30x	55,866	72,853	₹2.88 Cr
Total	1.53x	1,95,14,094	2,98,77,389	₹1,180.16 Cr

Objects of the Issue

01 Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or full : 525.00 Cr
02 Issue Expenses : 60.41 Cr
03 General corporate purposes : 136.51 Cr

Company Financials

Period Ended	30 SEPT 2025	31 MAR 2025	31 MAR 2024
Total Income	1474.87	2710.93	2356.77
Profit After Tax	134.55	175.83	226.11
EBITDA	220.42	345.66	362.45
NET Worth	1214.52	1085.60	912.49
Reserves and Surplus	1158.99	1070.95	898.67
Total Borrowing	571.95	300.80	177.52

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	27.02%
Debt/Equity Ratio	0.24
Return on Net Worth (RoNW)	15.37%
PAT Margin	6.49%
EBITDA Margin	13.03%
Net Asset Value (NAV)	₹99.76
Earning Per Share (EPS)	₹15.26

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Adani Green Energy Limited	8.37	101.53	76.62	11.90	11,212.00
Acme Solar Holdings Limited	4.55	50.74	74.54	5.59	1,405.13
NTPC Green Energy Limited	0.67	129.40	21.88	2.58	2,209.64
Kirloskar Oil Engines Limited	33.71	43.24	212.60	15.85	6,349.13
Cummins India Limited	72.15	64.13	272.78	26.45	10,390.69

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

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's promoters of Powerica Limited.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	99.99%	77.20%
Others*	0.01%	22.80%

Strengths

Powerica had a strong foothold in the Generator set market since 1984 by offering a wide range of DG across LHP, MHP, and HHP capacities ranging from 7.5 kVA to 3,750 kVA.
The firm has maintained a strong and healthy relationship with experienced companies like Cummins, Hyundai, GE Vernova, and Vestas to improve its business.
With a large and diversified client base, Powerica serves a wide range of sectors, including commercial, infrastructure, manufacturing, agriculture, IT & data centres, government & defence, and the rental segment.
The company has 30+ years of experience in the generator set industry, with expertise in marketing and manufacturing.
A balanced business of generator sets and wind power supports a stable and long-term growth.

Risks

The firm generates 80.50% of revenue from Diesel Generator sets, so any problems affecting this part of the segment can negatively impact the business and cash flow.
Heavily dependent on Cummins for engines and alternators, and on Hyundai for the MSLG set suppliers, so any supply disruption can negatively impact the business and its operations.
The company, its promoters, and its directors are involved in a civil legal dispute. If the court does not pass the order in the company’s favor, it can affect the business and value of Equity shares.
Powerica is exposed to credit risk from customers, and we saw an increase in the trade receivables component, which can negatively affect the business and its cash flow.

Frequently Asked Questions (FAQ)

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About Powerica Limited IPO

IPO Details

Powerica Limited IPO Details and Specifications
IPO Date	24 Mar 2026 to 27 Mar 2026
Face Value	₹5 Per Share
Price Band	₹375.00 - ₹395.00
Lot Size	37 Shares
Total Issue Size	Approx 1100.00 Cr 2,78,53,058 Equity Shares
Fresh Issue	Approx 700.00 Cr 1,77,26,477 Equity Shares
Offer for Sale	Approx 400.00 Cr 1,01,26,581 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	02 Apr 2026
Listing At	BSE & NSE
Total Subscription Amount	₹1,180.16 Cr

Investor Category

Shares Offered

% Net Issue

QIB

1,38,98,732

50.00%

- Anchor

83,39,239

0.00%

- QIB (Ex. Anchor)

55,59,493

0.00%

NII

41,69,621

15.00%

- bNII > ₹10L

27,79,748

0.00%

- sNII < ₹10L

13,89,873

0.00%

Retail

97,29,114

35.00%

Employees

55,866

0.20%

Total

2,78,53,333

100.20%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,615

Individual investors (Retail) (Max)

481

₹1,89,995

S-HNI (Min)

518

₹2,04,610

S-HNI (Max)

2,516

₹9,93,820

B-HNI (Min)

2,553

₹10,08,435

About Company

Contact Details

Powerica Ltd.

9th Floor, Bakhtawar,

Nariman Point

Mumbai, Maharashtra, 400021

022 - 43152525

investorrelations@powericaltd.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

02-Apr-2026 12:00 PM

+₹10

₹405

+2.53%

₹370

01-Apr-2026 12:00 PM

+₹5

₹400

+1.27%

₹185

31-Mar-2026 12:00 PM

+₹4

₹399

+1.01%

₹148

30-Mar-2026 12:00 PM

+₹5

₹400

+1.27%

₹185

28-Mar-2026 12:00 PM

+₹3

₹398

+0.76%

₹111

27-Mar-2026 12:00 PM

+₹1

₹396

+0.25%

₹37

26-Mar-2026 12:00 PM

+₹1

₹396

+0.25%

₹37

25-Mar-2026 12:00 PM

+₹4

₹399

+1.01%

₹148

24-Mar-2026 12:00 PM

+₹5

₹400

+1.27%

₹185

23-Mar-2026 12:00 PM

+₹6

₹401

+1.52%

₹222

21-Mar-2026 12:00 PM

+₹7

₹402

+1.77%

₹259

20-Mar-2026 12:00 PM

+₹8

₹403

+2.03%

₹296

19-Mar-2026 08:00 PM

+₹8

₹403

+2.03%

₹296

Powerica Limited IPO Details

About Powerica Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Powerica Limited IPO open and close?

What is Powerica Limited IPO price band?

What is the Powerica Limited IPO lot size?

What is the Powerica Limited IPO allotment date?

What is the Powerica Limited IPO listing date?

What is the minimum investment required in Powerica Limited IPO?

Join the discussion

Powerica Limited IPO Details

About Powerica Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Powerica Limited IPO open and close?

What is Powerica Limited IPO price band?

What is the Powerica Limited IPO lot size?

What is the Powerica Limited IPO allotment date?

What is the Powerica Limited IPO listing date?

What is the minimum investment required in Powerica Limited IPO?

Join the discussion