Powerica IPO Opens With ₹375–₹395 Price Band For Investors

The Mumbai-based power solutions provider, known for its diesel generator sets and renewable energy projects, is raising ₹700 crore through fresh issuance and ₹400 crore via an offer for sale. The IPO will remain open until March 27, 2026, with listing scheduled on NSE and BSE on April 2, 2026.

Company Overview
Founded in 1984, Powerica Ltd offers integrated power solutions, including generator sets and renewable energy ventures. The expansion into wind energy projects highlights its diversification strategy, positioning the company for long-term growth in India’s evolving energy sector.

Financial Performance
Powerica reported revenues of ₹2,710.93 crore in FY25, up from ₹2,356.77 crore in FY24. However, net profit declined to ₹175.83 crore in FY25 from ₹226.11 crore in FY24, raising questions about margin pressures and valuation sustainability.

Key Highlights

• IPO size: ₹1,100 crore
• Price band: ₹375–₹395 per share
• Lot size: 37 shares (minimum investment ₹14,615 at upper band)
• Fresh issue: ₹700 crore; Offer for Sale: ₹400 crore
• Subscription window: March 24–27, 2026
• Listing date: April 2, 2026 (NSE, BSE)
• FY25 revenue: ₹2,710.93 crore; profit: ₹175.83 crore

Future Outlook
Analysts suggest cautious optimism, citing Powerica’s diversified portfolio and strong market presence. However, investors should weigh declining profitability against long-term growth prospects in renewable energy before subscribing.

Sources: The Hindu BusinessLine, Financial Express, Chittorgarh, IPO Watch