Powerica Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹375 - ₹395
- Lot size
- 37 shares
- Issue amount
- ₹1,100 cr
- Total subscription
- 1.53×
- Opens
- 24 Mar 2026
- Closes
- 27 Mar 2026
- Allotment
- 30 Mar 2026
- Listing
- 2 Apr 2026
Offer at a glance
Issue overview
- Issue size
- 2,78,48,100 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹13,875
- Fresh issue
- ₹700 cr
- Offer for sale
- ₹400 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,615
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,88,25,400
- Shares after issue
- 12,65,46,918
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 37 | ₹14,615 |
| sHNI | 14 | 518 | ₹2,04,610 |
| bHNI | 69 | 2,553 | ₹10,08,435 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Mar 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 2,62,900 | 22,483 |
| EMPLOYEES | 0 | 651 |
| HNIs(10L +) | 5,365 | 360 |
| HNIs (2-10L) | 2,683 | 1,005 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 219.5 | 1,040.68 |
| FIIs | 0 | 344.44 |
| Mutual Funds | 0 | 690.99 |
| Others | 0 | 5.25 |
| RETAIL | 384.23 | 59.14 |
| HNIs 2+ | 54.89 | 25.14 |
| HNIs 10+ | 109.78 | 51.55 |
| EMPLOYEES | 2.21 | 2.88 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 11.74 | 15.26 | 18.46 |
| ROE | 11.6 | 17.53 | 26.5 |
| ROCE | 13.9 | 27.02 | 43.47 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 24.45 | 0 |
| POST IPO(PE) | 18.58 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Cummins India Limited | 64.13 | 4626.80 | 2.00 | 272.78 | 26.45 | 72.15 |
| Kirloskar Oil Engines Limited | 43.24 | 1452.85 | 2.00 | 212.60 | 15.85 | 33.71 |
| NTPC Green Energy Limited | 129.40 | 86.70 | 10.00 | 21.88 | 2.58 | 0.67 |
| Acme Solar Holdings Limited | 50.74 | 229.85 | 2.00 | 74.54 | 5.59 | 4.55 |
| Adani Green Energy Limited | 101.53 | 849.80 | 10.00 | 76.62 | 11.90 | 8.37 |
| Powerica Limited | 24.45 | 395.00 | 5.00 | 99.76 | 15.37 | 15.26 |
Company information
Company profile
Powerica Ltd is a power solutions company that provides diesel generator sets (DG sets) for both main and backup power needs. The company offers a wide range of generators from 7.5 kVA to 10,000 kVA to suit different industries and uses. Its generator business includes DG sets powered by Cummins engines, covering low power (7.5–160 kVA), medium power (180–500 kVA), and high power (above 500 kVA), with manufacturing units in Bengaluru, Silvassa, and Khopoli. Apart from this, the company also operates 11 wind power projects in Gujarat with a total capacity of 279.55 MW as of March 31, 2025, and is involved in emission control solutions through its associate company, Platino Automotive.
Strengths
- Strong Position in Generator Sets Market: The company has over four decades of experience in DG sets, offering a wide capacity range from 7.5 kVA to 10,000 kVA. It is supported by a long-term relationship with Cummins and expansion into MSLG solutions.
- Strong Technical and Execution Strength: The company is supported by advanced manufacturing, precision engineering, and a skilled workforce, ensuring reliable product quality and smooth project execution.
- Diversified Customer Base: The company serves multiple industries such as commercial, infrastructure, manufacturing, agriculture, IT/data centres, government, and defense, which helps reduce dependence on any single sector.
Risk factors
- Ongoing Legal Risk: The company, along with its promoters and directors, is involved in a civil case related to family arrangements and equity shares. Any unfavorable outcome may affect the company’s share value and overall business performance.
- Dependence on Key Suppliers: The company relies on major suppliers, including Cummins India, for important components. Any disruption in supply, quality issues, or delivery delays may impact operations and financial performance.
- Dependence on Power Purchase Agreements (PPAs): Revenue from power projects depends on long-term PPAs. Any changes in contract terms, regulations, or issues with buyers may affect cash flow and business operations.
Promoters
Naresh Chander Oberoi
Bharat Oberoi
Renu Naresh Oberoi
Jai Ram Oberoi
Naresh Oberoi Family Trust
Bharat Oberoi Family Trust
Kabir and Kimaya Family Private Trust
Registrar & documents
Lead manager
ICICI Securities Limited, IIFL Capital Services Limited, Nuvama Wealth Management Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
9th Floor, Bakhtawar, Nariman Point Mumbai, Maharashtra, 400021
022 - 43152525
[email protected]Company website ↗Understanding POWERICA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.