Powerica IPO

IPO Details
Bidding Date Mar 24, 2026	IPO Price Range ₹375 to ₹395 per share	IPO Size ₹1100 Cr
Listing Exchange BSE, NSE	Listing Date Apr 2, 2026	Lot Size 37 Shares

Minimum Investment
₹14615/37shares

Powerica IPO Timeline

Open DateMar 24, 2026

Close DateMar 27, 2026

Allotment FinalisationMar 30, 2026

Demat TransferApr 1, 2026

Refund InitiationApr 1, 2026

ListingApr 2, 2026

About Powerica IPO

Powerica Limited is an integrated power solutions provider engaged in the business of diesel generator (DG) sets, medium speed large generators (MSLG), and related services. The company is a generator original equipment manufacturer (GOEM) for Cummins India Limited and uses Cummins engines and alternators for manufacturing DG sets. The company’s generator business includes manufacturing, supply, installation, testing, commissioning, and after-sales services for DG sets across various end-user industries. It also offers MSLG solutions and related services. In addition, Powerica operates in the wind power segment as an independent power producer and owns and operates wind energy projects in India. The company operates manufacturing facilities in Bengaluru, Silvassa, and Khopoli, supported by a network of sales offices and dealers across India.

Powerica IPO Subscription Status

Date	QIB	NII	Retail	Total
TBA	0	0	0	0
TBA	0	0	0	0

Powerica IPO Financial Status

Particulars (in Rs. Crores)	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	2,729.73	2,414.83	2,084.91	2,125.81
Total Income	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	1,085.60	912.49	794.60
Reserves and Surplus	1,158.99	1,070.95	898.67	777.88
Total Borrowing	571.95	300.80	177.52	278.88

Powerica IPO SWOT Analysis

Strengths

Established position in DG set business: Long operating track record with established presence in the domestic generator market and association as a GOEM for Cummins.
Diversified business operations: Presence across DG sets, wind power generation, and MSLG / EPC segments.
Strong financial risk profile: Supported by steady cash accruals, sizeable net worth, and comfortable liquidity position.
Promoter experience: Promoters have extensive experience in the DG set industry.
Order book and demand visibility: DG segment supported by demand from infrastructure, industrial capex, and data centre requirements.

Weaknesses

Cyclicality in DG set business: Performance is linked to economic cycles and capex trends across industries.
Dependence on generator segment: Majority of revenue is derived from DG set business.
Wind power risks: Exposure to variability in wind speed and seasonality, impacting generation and cash flows.
Counterparty payment risk: Exposure to receivables from distribution companies in wind power segment.
Dependence on key suppliers: Reliance on OEM relationships (e.g., Cummins) for engines and components.

How to Apply - Powerica IPO

Retail investors can apply for the IPO using their Demat Account. Don’t miss your chance!

Apply for IPO Online Using Dynami App

Invest in companies listing on the Indian exchanges with an IPO

1 Million+ Downloads

3.9 Overall Rating

Frequently Asked Questions

What is the issue size of Powerica IPO?

The issue size for Powerica IPO is ₹1100 Cr

What is 'pre-apply' for Powerica IPO?

You can apply for the Powerica IPO 2 days before the official subscription period begins using the pre-apply option.

How can I pre-apply for Powerica IPO?

Pre-applying for the Powerica IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Powerica IPO on Religare Broking.

If I pre-apply for Powerica IPO, when will my order get placed?

Your order will be submitted to the exchange as soon as bidding for Powerica begins. You will receive a UPI request within 24 hours after the bidding starts.