Powerica IPO Review 2026: GMP Flat, Key Investor Insights
Thu Mar 19 2026
Powerica IPO is open for bidding from 24th March 2026 to 27th March 2026. It is a bookbuilding issue IPO of ₹1,100 crore, the entire and fresh issue of 1.77 crore shares and an offer for sale of 1.01 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 2nd April 2026.
Powerica IPO Details
The Powerica IPO date is scheduled from 24th March 2026 to 27th March 2026. The face value of Powerica shares stands at ₹10 per share, and the IPO Issue price band is set at ₹375 to ₹395 per share
MUFG Intime India Limited is the registrar of the Powerica IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 30th April 2026 |
| IPO Open Date | 24th April 2026 |
| IPO Close Date | 27th April 2026 |
| Refund Initiation | 1st April 2026 |
| Issue Size | 2,78,48,100 shares(agg. up to ₹1,100 Cr) |
| Face Value | ₹5 per share |
| Lot Size | 37 Shares |
| Issue Price | ₹375 to ₹395 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| Listing Date | 2nd April 2026 |
Powerica IPO Share Reservation
Powerica IPO is a bookbuilding issue of 1.77 crore shares, worth ₹1,100 crore. Powerica IPO Limited shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
| QIB Shares Offered | Not more than 50% of the net ofer |
| NII (HNI) Shares Offered | Not less than 35% of the net offer |
| Retail Shares Offered | Not less than 15% of the net offer |
Powerica IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Powerica IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 24-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 23-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 22-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 21-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 20-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 19-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 18-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
| 17-3-2026 | ₹395.00 | ₹0.00 | ₹395.00 | 0.00% |
As of 24th March 2026, the Powerica IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹395.00 on its tentative listing date, 2nd April 2026.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Powerica IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Powerica IPO GMP Review
Check out the detailed Powerica GMP IPO review for a thorough understanding of its potential to report listing gains on 1st April 2026. The Powerica IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Powerica IPO.
Powerica Limited’s revenue increased by 60%, from ₹2,356.77 crore in March 2024 to ₹2,710.93 crore in March 2025. Moreover, the company’s PAT increased by 25% from ₹226.11 crore in March 2024 to ₹175.83 crore in March 2025.
Powerica’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Powerica IPO, with its tentative listing day set for 2nd April 2026.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Powerica IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 24.45 |
| EPS (Earnings Per Share) | 16.16 |
| RoNW | 10.62% |
| ROCE | 13.90% |
| ROE | 11.60% |
| EBITDA Margin | 15.23% |
| Price to Book Value | 3.96 |
| Market Capitalisation | ₹4,998.60 Cr |
The P/E ratio of Powerica Limited shares is 24.45, and its Earnings Per Share (EPS) stands at 16.16. Thus, the Powerica IPO can deliver gains on its tentative listing date, 2nd April 2026.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Powerica Limited may change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 24.45 | 18.58 |
| EPS | 16.16 | 21.26 |
Powerica IPO Subscription Status
The Powerica IPO will open for bidding on 24th March 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Powerica IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | Not more than 50% of the net ofer | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | Not less than 35% of the net offer | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not less than 15% of the net offer | Yet to be announced | Yet to be announced |
About Powerica Limited
Powerica Ltd is a power solutions company specialising in diesel generator sets (DG sets) for main and backup use. The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications.
Powerica Limited Financials
The company’s financial analysis is essential before applying for the Powerica IPO. See the table for Powerica Limited’s financials.
| Year Ended | 31st Dec 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 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 | 764.60 |
| Reserves and Surplus | 1,158.99 | 1,070.95 | 898.67 | 777.88 |
| Total Borrowings | 571.95 | 300.80 | 177.52 | 278.88 |
Explanation
Powerica Limited’s revenue increased by 60%, from ₹2,356.77 crore in March 2024 to ₹2,710.93 crore in March 2025. Moreover, the company’s PAT increased by 25% from ₹226.11 crore in March 2024 to ₹175.83 crore in March 2025.
Powerica Limited IPO Promoter Holdings
| Shareholding Pre-Issue | 99.90% |
| Shareholding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of the Powerica IPO
The primary aim of the Powerica IPO is to raise ₹1,100 crores, and the secondary objective is to:
- To Repayment or prepayment of all or certain of our borrowings availed by our company
- General corporate purposes
Should I Invest in the Powerica IPO?
Explore the pros and cons of Powerica to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the Powerica IPO
- Strong presence in power solutions & DG sets
- Partnership with Cummins India adds credibility
- Diversified business (EPC + renewable energy)
- IPO funds to reduce debt
- Consistent revenue growth
- Rising demand for backup power & infrastructure
Cons of the Powerica IPO
- Heavy dependence on the diesel generator business
- Impact of the shift towards renewable energy
- High debt in past financials
- OFS portion benefits existing investors, not the company
- Profit growth not very stable
How to Apply for the Powerica IPO?
Check the steps mentioned below to apply for Powerica Ltd.
- Step 1: Conduct thorough research on the Powerica IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 1 lot of 37 shares worth ₹14,615.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Powerica IPO across multiple demat accounts to increase your chances of allotment.
How to Check the Powerica IPO Allotment Status?
You can check for the Powerica IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Powerica IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Powerica IPO allotment status.
Let’s Wrap
Powerica IPO is a book-building issue of shares worth ₹1,100 crore. The shares of Powerica Limited will be listed on the BSE and NSE on its tentative listing date of 2nd April 2026. Researching the Powerica IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Powerica IPO
How is the Powerica IPO?
Currently, on 24th March 2026, the Powerica GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹395.00 per share. It is a book-building IPO of ₹1,100 per share. The face value of each Powerica share is ₹10.
What is the Powerica IPO price?
The Powerica IPO issue price band is set at ₹375 to ₹395 per share.
Is the Powerica IPO a good investment?
Powerica Limited’s revenue increased by 60%, from ₹2,356.77 crore in March 2024 to ₹2,710.93 crore in March 2025. Moreover, the company’s PAT increased by 25% from ₹226.11 crore in March 2024 to ₹175.83 crore in March 2025.
Who is the registrar of the Powerica IPO?
MUFG Intime India Limited is the registrar for the Powerica IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Powerica allotment and refund, you can contact MUFG Intime India Limited at powerica.ipo@in.mpms.mufg.com or 91-22-4918 6270.
What is the issue size of the Powerica IPO?
Powerica’s IPO is a bookbuilding of ₹1,100 crore. Moreover, the IPO is set to open on 24th March 2026 and close on 27th March 2026.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Powerica IPO, download the Powerica IPO RHP and Powerica IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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