Powerica IPO Subscription Status Day 2
Tue Mar 24 2026
Here, the Powerica IPO launched on 24th March 2026. Bidding for the issue will close today, 27th March 2026. The primary aim of the Powerica IPO is to raise ₹1,100 crores from the market. Also, the Powerica IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Powerica IPO subscription and details.
Powerica IPO Details
| IPO Open Date | 24 March 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹375 to ₹395 |
| Lot Size | 37 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| IPO Close Date | 27th March 2026 |
| Listing Date | 2nd April 2026 |
The price band for the Powerica IPO has been set at ₹375 to ₹395 per share. Let’s segregate the share quota fixed for different categories of investors.
| Investor Categories | Shares Offered |
| QIB Shares Offered | Not more than 50% of the offer |
| NII (HNI) Shares Offered | Not less than 35% of the offer |
| Retail Shares Offered | Not less than 15% of the offer |
Powerica IPO Subscription Status
As of now, the Powerica IPO has been subscribed to 0.01 times. Of these, 0.01 times are subscribed by retail investors, 0.00 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Powerica’s IPO listing on 2nd April 2026. Powerica also has a positive outlook on the fresh issue of 1.77 crore shares, which will raise around Rs 1,100 crores.
Powerica IPO GMP Today
We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Powerica IPO GMP for 25th March 2026.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 25-3-2026 | ₹395.00 | ₹5.00 | ₹400.00 | 1.27% |
| 24–3-2026 | ₹395.00 | ₹5.00 | ₹400.00 | 1.27% |
| 23-3-2026 | ₹395.00 | ₹4.00 | ₹399.00 | 1.01% |
| 22-3-2026 | ₹395.00 | ₹6.00 | ₹401.00 | 1.52% |
| 21-3-2026 | ₹395.00 | ₹6.00 | ₹401.00 | 1.52% |
| 20-3-2026 | ₹395.00 | ₹6.00 | ₹401.00 | 1.52% |
| 19-3-2026 | ₹395.00 | ₹6.00 | ₹401.00 | 1.52% |
| 18-3-2026 | ₹395.00 | ₹6.00 | ₹401.00 | 1.52% |
The grey market premium for this IPO rises to ₹5.00 per share. It indicates that the estimated listing price per share is Rs 400.00. Numerous factors played a pivotal role in this jump in Powerica’s GMP ahead of its IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
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 IPO 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.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects 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 |
Powerica IPO Listing Expectations
Powerica IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A rises 1.27% in Powerica. Highlight GMP suggests the estimated listing price per share will be around Rs. 400.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Powerica IPO Dates
| IPO Open Date | 24th March 2026 |
| IPO Close Date | 27th March 2026 |
| Allotment | 30th March 2026 |
| Refund Date | 1st April 2026 |
| IPO Listing Date | 2nd April 2026 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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