Powerica IPO Review 2026: Dates, Price Band, GMP, Financials & Should You Apply?

Powerica IPO is a book-built issue worth ₹1,100.00 crore, consisting of a fresh issue of ₹700.00 crore and an offer for sale of ₹400.00 crore. The IPO opens on March 24, 2026, and closes on March 27, 2026, with tentative listing on BSE and NSE on April 2, 2026.

The IPO is priced in the range of ₹375 to ₹395 per share, with a minimum investment of ₹14,615 for retail investors. Powerica Ltd. operates as a power solutions company specializing in diesel generator sets and wind power solutions.

Let us understand the Powerica IPO in detail.
 

Powerica IPO – Key Details 2026

The following are some of the important and key details about the Powerica IPO.

Powerica IPO Timeline

The following table explains the tentative IPO schedule.

Powerica IPO Lot Size & Investment

The following table shows the minimum and maximum investment required.

About Powerica Ltd. Business Operations

Powerica Ltd. is a power solutions company primarily engaged in:

• Diesel Generator Sets (DG Sets)
• Wind Power Generation
• Emission Control Solutions

The company caters to industrial, commercial, and infrastructure sectors, where uninterrupted power supply is critical.

Business Segments of Powerica Ltd.

The following are the core operating segments of Powerica Ltd.

Generator Set Business Division

This segment focuses on diesel generator sets powered by Cummins engines across:

• Low horsepower: 7.5 kVA to 160 kVA
• Medium horsepower: 180 kVA to 500 kVA
• High horsepower: Above 500 kVA

The company operates manufacturing facilities in:

• Bengaluru, Karnataka
• Silvassa, Dadra and Nagar Haveli
• Khopoli, Maharashtra

Wind Power Business Division

This segment includes renewable energy operations:

• Owns and operates 11 wind power projects
• Located in Gujarat
• Total installed capacity of 279.55 MW

Retrofit Emission Control Devices (RECD)

• Offered through associate company Platino Automotive

Competitive Strengths of Powerica Ltd.

The following are the key strengths of the company:

• 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

Powerica Ltd. – Financial Performance

The following table shows restated consolidated financials.

Key insight: The company shows steady revenue generation with fluctuations in profitability across periods.

Key Performance Indicators (KPI)

The following table highlights important valuation and profitability metrics:

Objects of the Issue

The following explains how IPO proceeds will be used.

Fresh capital will be used primarily for debt reduction and corporate purposes.

Powerica IPO Valuation

The following table shows EPS and P/E comparison.

Risks to Consider

Investors should be aware of the following risks.

• Dependence on generator set business performance
• Fluctuations in profitability across financial periods
• Exposure to borrowing levels
• Industry competition in power solutions and energy sector

Summary

Powerica Ltd. operates in the power solutions segment with offerings across diesel generator sets and renewable energy through wind projects. The company has an established market position, diversified operations, and manufacturing capabilities across multiple locations.

The IPO consists of a mix of fresh issue and OFS, with proceeds primarily allocated towards debt repayment and general corporate purposes. Financial performance reflects stable revenues with varying profitability across periods.

This IPO may appeal to investors looking for:

• Exposure to the power solutions and energy sector
• A company with diversified business segments
• Participation in both conventional and renewable energy operations

Disclaimer

This content is for informational and educational purposes only and does not constitute investment advice. UnlistedKraft is not responsible for any losses arising from investment decisions based on this content. Readers should conduct their own research and consult qualified professionals before investing. IPO is expected to list on April 2, 2026, on BSE and NSE.

Frequently Asked Questions

What is the Powerica IPO?

Powerica IPO is a main-board IPO of ₹1,100.00 crore, consisting of a fresh issue and offer for sale, priced at ₹375–₹395 per share.

When does the Powerica IPO open?

The Powerica IPO opens on March 24, 2026, and closes on March 27, 2026.

What is the lot size of the Powerica IPO?

The minimum lot size of Powerica IPO is 37 shares.

Is Powerica Ltd. profitable?

Yes, Powerica Ltd. has reported profits across multiple financial periods, including FY23, FY24, FY25, and the latest interim period.

Who are the promoters of Powerica Ltd.?

The promoters of Powerica Ltd. include 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.

What does Powerica Ltd. do?

Powerica Ltd. provides power solutions through diesel generator sets and operates wind power projects, along with emission control device solutions through its associate company.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in research-based articles on financial products, markets, and investment opportunities, including unlisted shares. She holds a Master’s degree in Commerce from the University of Delhi, providing a strong academic foundation in finance and business.

With over three years of experience in digital content, she focuses on simplifying complex financial topics into clear, accurate, and reader-friendly information. Her background includes creating content related to finance certifications such as wealth management and NISM programs, strengthening her understanding of financial markets and investor education.