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Powerica IPO is a Book Built Issue aggregating up to aggregating up to 1,099 crore 99 lakh 99 thousand 5 hundred rupees. The issue consists of a fresh issue of 1,77,21,518 shares (aggregating up to 699 crore 99 lakh 99 thousand 6 hundred ten rupees) and an offer for sale of 1,01,26,582 (aggregating up to 399 crore 99 lakh 99 thousand 8 hundred ninety rupees).
The IPO opened for subscription on 24 March 2026 and closed on 27 March 2026. The basis of allotment was finalized on 30 March 2026. The shares were listed on NSE and BSE on 2 April 2026.
The price band for the IPO is set at ₹375 to ₹395 per share. The minimum amount required for a retail investor is ₹14,615 (37 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,04,610 (518 shares, 14 lots).
The final allotment price for the Powerica IPO was fixed at ₹395 per share. The shares successfully listed on the BSE at ₹375.00 per share (with a listing gain of -5.06%) and on the NSE at ₹366.00 per share (with a listing gain of -7.34%).
ICICI Securities Ltd, IIFL Capital Services Ltd and Nuvama Wealth Management Ltd is the lead manager and MUFG Intime India Private Limited is the registrar of the IPO.
Refer to Powerica RHP for more detailed information.
Powerica Share Price Analysis Local DB (Max)
▼
₹481.25
-6.55 (-1.34%)
As of 06 May, 2026
Open
₹494.00
Day High - Low
₹494.00 - ₹468.00
Volume
436,975
52 Weeks High
₹499.55
on 30 Apr 2026
52 Weeks Low
₹365.10
on 02 Apr 2026
RSI (14)
74.7 (O.Bought)
MACD Trend
-
Hist: -
50 DMA
-
200 DMA
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IPO Details Listed
IPO Date
24 March 2026 to 27 March 2026The opening and closing dates during which investors can apply for the IPO.
Listing Date
2 April 2026The date when shares start trading on the stock exchanges.
Face Value
₹5 per shareThe nominal value of a security stated in the company books. Mainly used as the base for dividends and accounting
Price Band
₹375 to ₹395 per shareThe minimum and maximum price range within which investors can bid for IPO shares.
Lot Size
37 sharesThe minimum number of shares an investor must apply for in a single IPO application.
Allotment Price
₹395 per shareThe final price at which shares are allocated to investors after the bidding process closes.
Listing Price (NSE)
366.00The opening trade price of the stock on its first day on the exchange (National Stock Exchange)
Listing Gain (NSE)
-7.34%The percentage change between the allotment price and the listing price on listing day at NSE
Listing Price (BSE)
375.00The opening trade price of the stock on its first day on the exchange (Bombay Stock Exchange).
Listing Gain (BSE)
-5.06%The percentage change between the allotment price and the listing price on listing day at BSE
Issue Type
Book Built Issue The method used to price the IPO. In a Book Built Issue, the price is determined by investor demand within the price band.
Listing At
NSE, BSEThe stock exchange(s) where the company shares will be officially listed and traded.
IPO Issue Details
Issue Size
2,78,48,100 shares (₹10,99,99,99,500)Total number of shares multiplied by the issue price.
Issue (Sale Type)Fresh issue and Offer for sale
Fresh Issue1,77,21,518 shares (₹6,99,99,99,610)
Offer for Sale1,01,26,582 shares (₹3,99,99,99,890)
Share Holding (Pre Issue)10,88,25,400 shares
Share Holding (Post Issue)12,65,46,918 shares
ISIN NumberINE921L01032
BSE Scrip Code544744
NSE SymbolPOWERICA
The Powerica IPO is a mainboard IPO with issue size 2,78,48,100 shares (aggregating up to 1,099 crore 99 lakh 99 thousand 5 hundred rupees). The issue is priced at ₹375 to ₹395 per share and is a mix of a fresh issue of 1,77,21,518 shares (aggregating up to 699 crore 99 lakh 99 thousand 6 hundred ten rupees) and an offer for sale of 1,01,26,582 (aggregating up to 399 crore 99 lakh 99 thousand 8 hundred ninety rupees).
Powerica IPO Lot Size & Required Amount
Powerica IPO has set a price band of per share and lot size is of shares.
Retail investors can bid for a minimum of 1 lot (37 shares), requiring minimum investment of ₹14,615,
and maximum upto 13 lots (481 shares), requiring maximum investment of ₹1,89,995.
Small HNI investors can bid for a minimum of 14 lots (518 shares), requiring an investment of ₹2,04,610,
small hni (sHNI) investors can bid for a maximum of 68 lots (2516 shares), requiring an investment of ₹9,93,820 and big hni (bHNI) investors can bid for a minimum of 69 Lots (2553 shares), requiring an investment of ₹10,08,435.
Calculated at the cut-off price ₹ per share (the upper end of the price band).
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). |
1 | 37 | ₹14,615 |
|
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). |
13 | 481 | ₹1,89,995 |
|
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). |
14 | 518 | ₹2,04,610 |
|
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). |
68 | 2516 | ₹9,93,820 |
|
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). |
69 | 2553 | ₹10,08,435 |
IPO Reservation
Powerica IPO offers total 2,78,48,101 shares (100.00%) . Out of which 1,38,96,118 (49.90%) allocated to QIB, 55,56,879 (19.95%) allocated to QIB (Ex- Anchor), 41,68,835 (14.97%) allocated to NII, 97,27,282 (34.93%) allocated to RII and 83,39,239 (29.95%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
1,38,96,118 (49.90%) |
|
-
QIB (Anchor Investor)
A portion of QIB shares reserved specifically for anchor investors. |
83,39,239 (29.95%) |
|
-
QIB (Ex. Anchor)
Remaining QIB shares after anchor investor allocation. |
55,56,879 (19.95%) |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
41,68,835 (14.97%) |
|
-
bNII (bids > ₹10L)
Big HNI category for applications above ₹10 Lakhs. |
27,79,224 (9.98%) |
|
-
sNII (bids < ₹10L)
Small HNI category for applications between ₹2 Lakh and ₹10 Lakh. |
13,89,612 (4.99%) |
|
Employee Shares Offered
Shares reserved specifically for eligible employees of the company. |
55,866 (0.20%) |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
97,27,282 (34.93%) |
| Total Shares Offered | 2,78,48,101 shares (100.00%) |
Powerica Financials (Restated Consolidated)
Annual Performance (31 Mar 25 vs 31 Mar 24)
Powerica Financials (Restated Consolidated)'s Assets increased by 15.8%, Revenue increased by 15%, Profit After Tax dropped by 22.2%, EBITDA dropped by 4.6%, Net Worth increased by 19%, Total Borrowing increased by 69.4%, Reserves & Surplus increased by 19.2% compared to the previous financial year.
Assets
▲ 15.8%
(329.92)
Revenue
▲ 15%
(354.16)
Profit After Tax
▼ 22.2%
(-50.28)
EBITDA
▼ 4.6%
(-16.79)
Net Worth
▲ 19%
(173.11)
Total Borrowing
▲ 69.4%
(123.28)
Reserves & Surplus
▲ 19.2%
(172.28)
Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets dropped by 1.9%, Revenue dropped by 2.7%, Profit After Tax increased by 112.4%, EBITDA increased by 8.8%, Net Worth increased by 14.8%, Total Borrowing dropped by 36.3%, Reserves & Surplus increased by 15.5%.
Assets (Prev Yr)
▼ 1.9%
(-40.9)
Revenue (Prev Yr)
▼ 2.7%
(-65.65)
Profit After Tax (Prev Yr)
▲ 112.4%
(119.66)
EBITDA (Prev Yr)
▲ 8.8%
(29.24)
Net Worth (Prev Yr)
▲ 14.8%
(117.89)
Total Borrowing (Prev Yr)
▼ 36.3%
(-101.36)
Reserves & Surplus (Prev Yr)
▲ 15.5%
(120.79)
2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 13.6%, Revenue increased by 11.9%, Profit After Tax increased by 65.2%, EBITDA increased by 3.7%, Net Worth increased by 36.6%, Total Borrowing increased by 7.9%, Reserves & Surplus increased by 37.7%.
Assets (2-Yr Change)
▲ 13.6%
(289.02)
Revenue (2-Yr Change)
▲ 11.9%
(288.51)
Profit After Tax (2-Yr Change)
▲ 65.2%
(69.38)
EBITDA (2-Yr Change)
▲ 3.7%
(12.45)
Net Worth (2-Yr Change)
▲ 36.6%
(291)
Total Borrowing (2-Yr Change)
▲ 7.9%
(21.92)
Reserves & Surplus (2-Yr Change)
▲ 37.7%
(293.07)
| 30 Sep 25 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | 31 Mar 23 In Cr. | |
|---|---|---|---|---|
| Assets | 2,729.73 | 2,414.83 | 2,084.91 | 2,125.81 |
| Revenue | 1,474.87 | 2,710.93 | 2,356.77 | 2,422.42 |
| Profit After Tax | 134.55 | 175.83 | 226.11 | 106.45 |
| EBITDA | 220.42 | 345.66 | 362.45 | 333.21 |
| Net Worth | 1,214.52 | 1,085.6 | 912.49 | 794.6 |
| Total Borrowing | 571.95 | 300.8 | 177.52 | 278.88 |
| Reserves & Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
Financial Performance Indicator (FPI)
| FPI | 30 Sep 2025 | 31 Dec 2025 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 11.60% | 17.53% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 13.90% | 27.02% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.40 | 0.24 |
| RoNW | 10.62% | 15.37% |
| PAT Margin | 9.12% | 6.49% |
| EBITDA Margin | 15.23% | 13.03% |
| Price to Book Value | 3.54 | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 16.16 | 21.26 |
| P/E (x) | 24.45 | 18.58 |
| Promoter Holding | 99.99% | |
Market Cap Total market value of a company's outstanding shares. | ₹4,998.60 crore | |
IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Adani Green Energy | 101.53(Adani) | 8.37(Adani) | 8.37(Adani) | 76.62(Adani) | 11.90(Adani) | 11.17(Adani) |
| Acme Solar | 50.74(Acme) | 4.53(Acme) | 4.53(Acme) | 74.54(Acme) | 5.59(Acme) | 3.09(Acme) |
| NTPC Green Energy | 129.40(NTPC) | 0.67(NTPC) | 0.67(NTPC) | 21.88(NTPC) | 2.58(NTPC) | 4.10(NTPC) |
| Kirloskar Oil Engines | 43.24(Kirloskar) | 33.71(Kirloskar) | 33.60(Kirloskar) | 212.60(Kirloskar) | 15.85(Kirloskar) | 6.85(Kirloskar) |
| Cummins India | 64.13(Cummins) | 72.15(Cummins) | 72.15(Cummins) | 272.78(Cummins) | 26.45(Cummins) | 17.01(Cummins) |
| Powerica | (Powerica) | 15.26(Powerica) | 15.26(Powerica) | 79.80(Powerica) | 15.37(Powerica) | (Powerica) |
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:| S.No | Objects | Amount (in ₹, Cr) |
| 1 | Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or in full | 525 |
| 2 | General corporate purposes | |
| 3 | Total | 700 |
IPO Subscription Status
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Powerica IPO Lead Manager(s)
- ICICI Securities Ltd
- IIFL Capital Services Ltd
- Nuvama Wealth Management Ltd