Powerica IPO GMP, Price, Allotment, Profit Estimate 2026

Powerica IPO Description – Powerica is an integrated power solutions provider with a diversified presence across conventional power generation equipment and renewable energy infrastructure. Its core Generator Set Business, established in 1984, spans diesel generator (“DG”) sets powered by Cummins engines and medium speed large generators (“MSLG”) offered in collaboration with HD Hyundai Heavy Industries. As one of Cummins India’s OEMs for over four decades, the company manufactures and supplies DG sets across a wide capacity range from 7.5 kVA to 3,750 kVA, while its MSLG portfolio extends up to 10,000 kVA, enabling it to address both standby and primary power requirements. The company operates three captive manufacturing facilities in Bengaluru, Silvassa and Khopoli, supported by a pan-India sales and service network of 19 offices and 32 authorised dealers.

In parallel, the company has built a scaled Wind Power Business since entering the sector in 2008. As of March 31, 2025, it owns and operates 11 wind power projects in Gujarat with an installed capacity of 279.55 MW, backed by long-term power purchase agreements with GUVNL and SECI. Two additional projects aggregating 104 MW are under construction, taking the total IPP portfolio to 383.55 MW. The company also undertakes EPC and O&M services for balance of plant (“BoP”) and has executed wind projects aggregating 399.10 MW for both internal and third-party IPPs.

For Fiscal 2025, revenue from operations stood at ₹2,653.27 crore, with the Generator Set Business contributing 85% and the Wind Power Business 15%. This balanced portfolio, supported by long-standing OEM partnerships, stable annuity-style renewable revenues and strong execution capabilities, positions the company to benefit from rising demand for reliable power infrastructure and renewable energy transition in India. As of 31 March 2025 company employed 877 employees.

Promoters of Powerica – 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

Powerica IPO Details

Powerica IPO Dates	24 – 27 March 2026
Powerica Issue Price	Coming soon
Fresh issue	INR 700 crore
Offer For Sale	INR 400 crore
Total IPO size	INR 1,100 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 5 per share
Retail Allocation	35%
Listing On	BSE, NSE

Powerica Financial Performance

	FY 2023	FY 2024	FY 2025
Revenue	2,378.26	2,210.00	2,653.27
Expenses	2,222.38	2,016.04	2,465.30
Net income	106.45	226.11	175.83
Margin (%)	4.48	10.23	6.63

Figures in INR Crores unless specified otherwise

Powerica Offer News

Powerica Valuations & Margins

	FY 2023	FY 2024	FY 2025 (Pre-Issue)	FY 2025 (Post-Issue)
EPS	6.32	18.46	15.26	–
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2025 and dilution impact

	FY 2023	FY 2024	FY 2025
RONW (%)	15.37	24.80	13.40
NAV	79.80	67.08	47.57
ROCE (%)	NA	43.47	27.02
EBITDA (%)	14.01	16.40	13.03
Debt/Equity	NA	0.20	0.29

*Compiled by IPO Central from Prospectus

Powerica IPO GMP Today (Daily Trend)

Powerica Offer Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Prepayment/repayment of certain outstanding borrowings availed by the company – INR 525 crore
General Corporate Purposes

Powerica IPO Subscription – Live Updates

Coming soon

() shares allotted to anchor investors are not included in these calculations.

Powerica – Comparison With Listed Peer

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Powerica	–	15.26	15.37	79.80	2,653.2
Cummins India	48.94	72.15	26.45	272.78	1,090.6
Kirloskar Oil Engines	26.85	33.60	15.85	212.60	6,349.1
NTPC Green Energy	159.93	0.67	2.58	21.88	2,209.6
Acme Solar	64.94	4.53	5.59	74.54	1,405.1

Powerica IPO Allotment Status

Powerica IPO allotment status will be available on MUFG Intime’s website. Click on this link to get allotment status.

Powerica IPO Dates & Listing Performance

IPO Opening Date	24 March 2026
IPO Closing Date	27 March 2026
Finalization of Basis of Allotment	30 March 2026
Initiation of refunds	1 April 2026
Transfer of shares to demat accounts	1 April 2026
Powerica IPO Listing Date	2 April 2026
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Powerica IPO Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi,
Mumbai – 400 025 Maharashtra, India
Tel: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com

Powerica Offer Registrar

MUFG INTIME INDIA PRIVATE LIMITED
C-101, Embassy 247 L B S Marg, Vikhroli (West)
Mumbai – 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.in.mpms.mufg.com

POWERICA LIMITED
9th Floor, Bakhtawar, Nariman Point,
Mumbai – 400 021, Maharashtra, India
Telephone: 022 – 43152525
Website: www.powericaltd.com
E-mail: [email protected]

Powerica IPO FAQs

How many shares in the Powerica IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in the Powerica Public Offer?

The best way to apply for Powerica’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.