Powerica Limited, a diversified power solutions provider, is launching its ₹1,100 crore initial public offering (IPO) on Tuesday, March 24, 2026. The IPO will remain open until March 27, with a price band set at ₹375–₹395 per share. The listing is scheduled for April 2 on BSE and NSE.
The Mumbai-based company, established in 1984, specializes in diesel generator sets, gas generators, and renewable energy projects, including wind power assets. The IPO aims to raise funds for debt reduction and business expansion, while also offering existing shareholders an opportunity to divest through an Offer for Sale.
IPO Structure
The Powerica IPO comprises a fresh issue of shares worth ₹700 crore and an Offer for Sale (OFS) of shares worth ₹400 crore. The lot size has been fixed at 37 shares, making the minimum retail investment approximately ₹14,615 at the upper price band.
Grey Market Premium (GMP) Trends
Market reports suggest that Powerica’s IPO is trading at a modest premium in the grey market, indicating cautious optimism among investors. Analysts note that the company’s diversified portfolio and strong presence in both conventional and renewable energy segments could attract long-term investors.
Industry Context
Powerica operates in a competitive sector, balancing traditional generator solutions with renewable energy initiatives. With India’s growing focus on sustainable power and infrastructure, the IPO is expected to draw attention from institutional and retail investors alike.
Key Highlights
* Powerica IPO opens March 24, closes March 27
* Price band set at ₹375–₹395 per share
* Issue size ₹1,100 crore: ₹700 crore fresh issue, ₹400 crore OFS
* Lot size 37 shares, minimum retail investment ~₹14,615
* Listing date scheduled for April 2, 2026 on BSE and NSE
* Proceeds to be used for debt reduction and expansion
* Grey market premium indicates cautious investor sentiment
Sources: Business Standard, Moneycontrol, Chittorgarh, Value Research