Powerica IPO Day 2: The Powerica IPO, which has been valued at Rs 1,100 crore, is open for subscription between March 24 and March 27. The price band of the IPO has been fixed at Rs 375 to Rs 395 per share, giving the company an estimated valuation of Rs 5,000 crore.
Powerica specialises in providing complete power solutions, including diesel generator sets, medium-speed large generators, and allied services.
Powerica IPO: Subscription dates
Powerica IPO size and details
The Powerica Limited IPO is a book-built issue, and through this IPO, the company is looking to raise around Rs 1,100 crore, out of which Rs 700 crore is a fresh issue, and an Offer for Sale (OFS) of up to 1,01,26,582 equity shares of face value of Rs 5 each.
As stated above, Powerica has set the price band of its IPO in the range of Rs 375 to Rs 395 per share.
Powerica IPO market lot and investment details
The minimum market lot for the Powerica IPO is 37 shares, requiring an investment of Rs 14,615. Retail investors can apply for up to 13 lots, which amounts to 481 shares with a total investment of Rs 1,89,995.
Powerica IPO has reserved 50 per cent of the shares in the public issue for qualified institutional buyers (QIB), 15 per cent for non-institutional Institutional Investors (NII), and 35 per cent of the offer is reserved for retail investors. The employee portion has been reserved shares up to Rs 2 crore.
Powerica IPO share allotment date
The share allotment for the Powerica IPO will be done tentatively on March 30, 2026.
Powerica IPO listing date
Powerica Limited financial performance
Powerica Limited reported a revenue of Rs 2,710.93 crore in 2025, up from Rs 2,356.77 crore in 2024. The company’s profit for 2025 stood at Rs 175.83 crore, compared to Rs 226.11 crore in 2024.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
