Powerica IPO Opens: 7 key things investors must know before applying

Powerica IPO: The initial public offering (IPO) of Powerica Ltd has opened for public subscription on Tuesday, March 24, and will remain open till March 27, 2026. The issue is a mix of fresh issue and offer for sale (OFS) of shares.

The basis of allotment of the IPO shares is expected to be finalised on March 30, 2026, and the stock is likely to list on both the stock exchanges (BSE and NSE) on April 2, 2026, tentatively.

Powerica IPO subscription status

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As of 1:13 pm, the IPO had received subdued demand from investors, with bids for 1.37 lakh shares out of the net offer, resulting in a 0.01 times the overall subscription.

• The Qualified Institutional Buyers (QIBs) portion is yet to receive a bid for its 58.56 lakh shares reserved.
• The Non-Institutional Investors (NIIs) category has bid for 15,725 shares so far, out of the 43.92 lakh reserved.
• Retail Individual Investors (RIIs) have booked 0.01 times the allotted shares so far, with 1.10 lakh shares bid out of the 1.02 crore shares allotted.

Powerica IPO details: Here are 7 key things that investors should know before applying

1) Powerica IPO issue size

The IPO of the power solutions company is a book-build issue of Rs 1,100 crore, consisting of a mix of fresh issue of 1.77 crore shares and an offer-for-sale (OFS) of 1.01 crore shares.

2) Powerica IPO price band

The Powerica IPO is priced at Rs 375 to Rs 395 per equity share.

4) Powerica IPO lot size

The lot size for an application for the Powerica IPO is 37 shares

5) Powerica IPO minimum investment required for retail category

The retail category is required to make a minimum investment of Rs 14,615, based on the upper end of the price band.

6) Powerica IPO lead manager and registrar details

ICICI Securities Ltd is the book-running lead manager, while MUFG Intime India Pvt Ltd is the registrar of the issue.

7) Powerica IPO investor reservation category

The IPO has reserved nearly:

• 50 per cent of the net offer for Qualified Institutional Buyers (QIBs)
• 15 per cent for Non-Institutional Investors (NIIs)
• 35 per cent for Retail Investors

About Powerica Limited

Powerica Ltd operates in the power solutions space, focusing on diesel generator (DG) sets used for both primary and backup power needs.

The company provides a wide portfolio of generators, with capacities ranging from 7.5 kVA to 10,000 kVA, catering to varied industrial and commercial requirements.

Business Segments:

Generator Set Division: Offers DG sets powered by Cummins engines across multiple capacity ranges—low capacity (7.5 kVA to 160 kVA), mid-range (180 kVA to 500 kVA), and high capacity (above 500 kVA).

The company runs three manufacturing units located in Bengaluru (Karnataka), Silvassa (Dadra and Nagar Haveli), and Khopoli (Maharashtra).