The Initial Public Offering (IPO) of Powerica Limited opened today, March 24, 2026. The public issue will remain open for subscription from Tuesday, March 24 to Friday, March 26, 2026. Powerica Limited is engaged in the manufacturing and supply of diesel and gas generator sets, as well as the supply of energy solutions and equipment to industrial and commercial customers. The company operates in the energy support and energy infrastructure segment, serving sectors such as manufacturing, infrastructure and commercial establishments.
The allotment process for Powerica’s IPO is expected to be completed by March 30, 2026, and the shares will be listed on both BSE and NSE, with a tentative listing date set for April 2, 2026.
Powerica IPO – Issue Details
Powerica IPO is a book-building issue of Rs 1,100 crore, comprising a fresh issue of Rs 700 crore and an offer for sale (OFS) of Rs 400 crore. The IPO price band is set between ₹375 and ₹395 per share, and the minimum lot size required for an application is 37.
ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management Limited are the lead book managers and MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the registrar of the issue.
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Powerica IPO Day 1 Subscription Status
[March 24, 2026, 11:57 AM]
On Day 1, Powerica IPO recorded 0.01x subscription as per NSE data on March 24, 2026 at 11:57 am. The public issue was subscribed 0.01 times by retail individual investors (RII) and 0 times by non-institutional investors (NII) and qualified institutional buyers (QIB).
Use of income
The Company will use the net proceeds from the new issue for the following purposes:
- Advance payment/repayment of certain outstanding loans available to the Company, in whole or in part.
- General corporate objects.
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Powerica Limited GMP
According to the media informationPowerica Limited’s gray market premium (GMP) is reported at ₹5.
About Powerica Limited
Powerica Limited is an India-based energy solutions company engaged in manufacturing and supplying Diesel Generator Sets (DG), Gas Power Systems and Renewable Energy Solutions. Incorporated in 1983 and headquartered in Mumbai, the company is a key authorized distributor of Cummins India and offers a wide range of distributed power and power backup solutions for industrial, commercial and residential applications.
The company operates across multiple verticals including DG sets, gas generator sets, EPC solar solutions and power rental services, serving various sectors such as infrastructure, manufacturing, healthcare and telecom.
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