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Powerica IPO Listing Today: The shares of power solutions provider, Powerica Ltd., have been listed on the exchanges today, Thursday, April 2. The Powerica IPO, which had an issue price of Rs 395, debuted today at a discount of 5 per cent at Rs 375. The 1,100-crore Powerica Limited IPO opened on Tuesday, March 24, 2026, and remained available for subscription until March 27, 2026.
The initial public offering (IPO) of power solutions provider Powerica Ltd sailed through on the last day of bidding on Friday, March 27, getting subscribed 1.45 times, amid buying support from institutional buyers.
Even before the IPO, the grey market wasn’t particularly enthusiastic about the issue. The GMP hovered around 2 per cent, suggesting that significant listing profits weren’t expected. The stock was expected to list around Rs 402-405, but the actual listing was even weaker. This clearly indicates that market sentiment is currently not very positive for IPOs.
Subscription figures also remained weak
The IPO received a 1.53x overall subscription, indicating average demand. However, the picture becomes clearer when considering different investor categories. Retail investors showed virtually no interest in the IPO. Their portion was subscribed to only 0.16x, which is considered quite weak. Non-institutional investors (NIIs) also adopted a cautious approach, with their portion being oversubscribed 0.47x.
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.
Powerica IPO market lot and investment details
The minimum market lot for the Powerica IPO was 37 shares, requiring an investment of Rs 14,615. Retail investors were open to apply for up to 13 lots, which amounted to 481 shares with a total investment of Rs 1,89,995.
Powerica IPO allocation: Retail, QIB, and HNI Quotas
In the Powerica IPO, 35 per cent is reserved for retail quota investors, 50 per cent is reserved for QIB (Qualified Institutional Buyers), and 15 per cent for HNI (High Net-Worth Individuals), respectively.
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.
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.
Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines – Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and high horse power above 500 kVA. It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
Wind Power Business Division: As of March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW
Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive.
