Powerica Limited came to market through an IPO that opened on 24 March 2026 and closed on 27 March 2026, and the shares listed on 2 April 2026 on BSE, NSE. The price band was ₹375 to ₹395 per share and one lot was 37 shares, so the minimum application was ₹14,615. The issue size was ₹1100 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and ICICI Securities Ltd., IIFL Capital Services Ltd., Nuvama Wealth Management Ltd were the lead managers.
As of 27 March 2026.
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Powerica Limited is a power solutions company that deals with diesel generator sets (DG sets) for main and backup power needs. The company provides a wide range of generator sets with varying capacities from 7.5 kVA to 10,000 kVA, catering to the specific needs of different industries. Business Segments: Generator Set Business Division: Diesel Generator Sets (DG Sets) driven by Cummins Engines: Low Horse Power ranging from 7.5 kVA to 160 kVA.
Medium Horse Power ranging from 180 kVA to 500 kVA. 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 of March 31, 2025, we own and operate 11 wind power projects in the state of Gujarat with a total installed capacity of 279.55 MW. Retrofit Emission Control Devices (RECD) through our Associate Company, Platino Automotive.
As described in the offer document.
| Metric | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Powerica raises over Rs 329 crore from 17 anchor investors. The company has finalized the allocation of 83.39 lakh shares to the anchor investors at the upper price band. Of the total shares allocated to the anchor investors, 69.87 lakh shares have gone to eight domestic mutual funds, including SBI Mutual Fund, HDFC AMC, ICICI Prudential Mutual Fund, Quant MF, and Bandhan Mutual Fund, which have applied through their 11 schemes.
SBI Funds Management was the largest buyer in the anchor investor portion of Powerica, buying 25.56 lakh shares worth Rs 101 crore through their four schemes, followed by HDFC AMC, ICICI Prudential MF, and Kotak Mahindra AMC, each of which bought 10.12 lakh shares worth nearly Rs 40 crore. Additionally, insurance companies like Kotak Mahindra Life Insurance, Edelweiss Life Insurance, and Reliance Nippon Life Insurance also bought 5.56 lakh shares worth Rs 22 crore.
Custody Bank of Japan, and Ashoka WhiteOak, the other investors in the anchor book, bought shares worth Rs 10.4 crore, and Rs 21 crore, respectively
Naresh Chander Oberoi, Bharat Oberoi, Renu Naresh Oberoi, Jai Ram Oberoi, Naresh Oberoi Family Trust, Bharat Oberoi Family Trust, Kabir, Kimaya Family Private Trust. Promoter holding 99.99% before the issue and 77.99% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Powerica IPO was a ₹1,100 crore book-built issue, comprising a fresh issue of ₹700 crore and an offer for sale of ₹400 crore. It was priced at ₹375–₹395 per share with a lot size of 37 shares (₹14,615). The IPO was open from March 24 to March 27, 2026 and was subscribed 1.53x. Shares listed on BSE and NSE on April 2, 2026 at ₹366, a 7.3% discount to the issue price of ₹395. MUFG Intime India Pvt. Ltd.
is the registrar. ICICI Securities Ltd and 2 other book running lead managers manage the issue.
The price band of Powerica IPO is ₹375 to ₹395 per share.
The lot size of Powerica IPO is 37 shares.
The minimum investment for Powerica IPO is approximately ₹14,615 based on the upper price band.
The allotment date of Powerica IPO is Mar 30, 2026.
Powerica IPO's final recorded GMP before listing was ₹7 per share (a 2% premium over the ₹395 upper price band). The shares listed at ₹366. GMP is unofficial and does not forecast or guarantee the actual listing price.
Powerica IPO listed on Apr 2, 2026. It was issued at ₹366.0(NSE) and is currently around ₹482.00 as on 2-Nov-2026 3:30 PM, which is approximately 22.0% versus issue price. The 52-week high is ₹676.95.
You can check Powerica IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Powerica IPO allotment status on Rupix for quick and easy access.
₹375 to ₹395 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 37 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,615.
₹14,615, for one lot of 37 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 March 2026 and closed on 27 March 2026.
The basis of allotment was published on 30 March 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 April 2026 on BSE, NSE.
The issue size was ₹1100 crore. The fresh issue was 1,77,21,518 shares (aggregating up to ₹700 crore). The offer for sale was 1,01,26,582 shares (aggregating up to ₹400 crore).