- Price band
- To be announcedNot in this filing
- Issue size
- ₹1,100 Cr
- Face value
- ₹5per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingThu, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹5
- Listing at
- BSE, NSE
- RHP date
- 17 Mar 2026
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | — |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Employees | — | — | — |
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹15.26
- EPS (basic) (Six months ended Sep 30, 2025 (not annualised))
- ₹11.74
- EPS (diluted)
- ₹15.26
- RoNW
- 15.37%
- RoNW (Six months ended Sep 30, 2025 (not annualised))
- 10.62%
- NAV per share (Sep 30, 2025)
- ₹111.6
- NAV per share
- ₹99.76
- ROCE
- 27.02%
- Debt to equity
- 0.24
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 1,447.44 | 2,653.27 | 2,210.00 | 2,378.26 |
| Total income | 1,474.87 | 2,710.93 | 2,356.77 | 2,422.42 |
| EBITDA | 220.42 | 345.66 | 362.45 | 333.21 |
| Profit after tax | 128.93 | 166.82 | 226.28 | 106.45 |
| Net worth | 1,214.52 | 1,085.60 | 912.49 | 794.60 |
| Reserves and surplus | 1,160.11 | 1,072.00 | 898.89 | 777.90 |
| Total assets | 2,729.73 | 2,414.83 | 2,084.91 | 2,125.81 |
| Total borrowing | 571.95 | 300.80 | 177.52 | 278.88 |
FY 2024-25 vs FY 2023-24: revenue +20.1%, profit after tax −26.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 17 Mar 2026Updated
About the company
The company makes diesel generator sets and medium speed large generators, and offers related allied products and services. It also owns and operates wind power projects in Gujarat as an independent power producer, and undertakes EPC and O&M work for balance-of-plant in wind projects.
- Incorporated
- 1984
- Industry
- Power Equipment and Renewable Energy
- CIN
- U31100MH1984PLC032825
- Website
- powericaltd.com
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Bharat Oberoi Family Trust | Promoter | 47.98% | — |
| Bharat Oberoi | Promoter | 0.51% | — |
| Late Naresh Chander Oberoi | Promoter | 0.30% | — |
| Renu Naresh Oberoi | Promoter | 0.17% | — |
| Jai Ram Oberoi | Promoter | 0.00% | — |
| Naresh Oberoi Family Trust | Selling shareholder | 34.92% | — |
| Kabir and Kimaya Family Private Trust | Selling shareholder | 16.11% | — |
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain outstanding bank borrowings | 525.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Powerica LimitedIssuer | ₹15.26 | — | 15.37% | ₹99.76 |
| Cummins India Limited | ₹72.15 | 64.13× | 26.45% | ₹272.78 |
| Kirloskar Oil Engines Limited | ₹33.71 | 43.24× | 15.85% | ₹212.6 |
| NTPC Green Energy Limited | ₹0.67 | 129.40× | 2.58% | ₹21.88 |
| Acme Solar Holdings Limited | ₹4.55 | 50.74× | 5.59% | ₹74.54 |
| Adani Green Energy Limited | ₹8.37 | 101.53× | 11.90% | ₹76.62 |
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing presence in diesel generator sets since 1984, with a broad capacity range.
- Multi-decade OEM relationship with Cummins and a non-exclusive collaboration with Hyundai for MSLG sets.
- Wind power portfolio of 12 operational projects (330.85 MW) backed by long-term fixed-tariff PPAs.
- Established in-house manufacturing facilities and a sales and dealer network.
- Credit ratings of AA/Stable from ICRA and CRISIL on bank loan facilities.
Risks
- Heavy dependence on the Generator Set Business, which contributed about 80% of revenue in the latest period.
- Reliance on Cummins for engines and alternators and on Hyundai for MSLG sets.
- Wind business depends on OEM relationships and on PPAs, with some land leases shorter than PPA terms.
- Restrictive covenants in financing agreements could lead to accelerated repayment if breached.
- Pending civil suit involving the company, some promoters and directors relating to a family arrangement and equity shares.
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Contacts
Source: Red Herring Prospectus dated 17 Mar 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 17 Mar 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on BSE and NSE.
Frequently asked questions
When does the Powerica IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 24 March 2026 and closes on Friday, 27 March 2026.
What is the Powerica IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Powerica shares list?
On BSE and NSE. The tentative listing date is Thursday, 2 April 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Powerica IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 30 March 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the BSE website or the NSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹525 Cr for repayment or prepayment of certain outstanding bank borrowings, and the rest for the other stated purposes.
Related IPOs
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.