Powerica IPO GMP Today, Price & Details
Powerica IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Powerica
Powerica is poised to enter the mainboard of the NSE through an Initial Public Offering (IPO), aiming to raise ₹1100 crore. The company operates within the electrical equipment manufacturing sector, a critical component of India's infrastructure and industrial development. The IPO comprises a fresh issue of ₹700 crore, intended to fund the company's growth initiatives, and an Offer for Sale (OFS) of ₹400 crore, providing an exit route for some existing shareholders.
This dual structure suggests a focus on expanding operational capacity and potentially reducing debt, while also allowing for partial liquidity for early investors. With reported revenues of ₹1447.44 crore and a Profit After Tax (PAT) of ₹127.79 crore in its latest disclosed financials, Powerica demonstrates a significant scale of operations. The company's profitability is further underscored by a PAT margin derived from these figures, alongside an Earnings Per Share (EPS) of ₹20.2.
Its return on net worth (RONW) stands at 15.37%, and return on capital employed (ROCE) at a healthy 27.02%, indicating efficient utilization of capital. The company’s competitive positioning will be influenced by its ability to leverage the IPO funds for capacity expansion and technological upgrades within the dynamic electrical equipment industry, which is driven by ongoing government investments in power generation, transmission, and distribution, as well as industrial electrification.
Powerica IPO — Investment Analysis
Powerica's IPO presents a valuation that warrants careful consideration. The company's stated Price to Earnings (P/E) ratio of 18.57x, based on an EPS of ₹20.2 and a price band of ₹375, needs to be assessed against the industry averages for electrical equipment manufacturers in India. While 18.57x is not inherently high, it is crucial to compare this with peers to determine if it offers an attractive entry point.
The Net Asset Value (NAV) of ₹99.76 per share, in conjunction with the issue price, offers another perspective on valuation, though P/E is generally the primary metric for listed entities. Financially, Powerica appears to have a solid footing. Its revenue of ₹1447.44 crore suggests a substantial operational base.
The PAT of ₹127.79 crore translates to a PAT margin of approximately 8.83%, which is a reasonable indicator of its profitability on sales. Furthermore, the EBITDA margin of 13.03% points to efficient operational cost management before interest, taxes, depreciation, and amortization. The return ratios are particularly strong: a RONW of 15.37% and a ROCE of 27.02% indicate that the company is effectively generating profits from its equity base and its overall capital employed, suggesting good business quality and asset utilization.
Based on the provided financials, the company shows a positive trajectory in terms of profitability and efficient capital deployment, suggesting a growing business. The fresh issue component of ₹700 crore is earmarked for growth, which is a positive sign for future expansion. However, potential investors must also consider the risks.
A significant portion of the IPO, ₹400 crore, is an OFS, meaning this capital does not directly fund the company's growth. Sector-specific risks, such as fluctuations in raw material prices, intense competition, and regulatory changes within the power sector, could impact performance. The valuation, while appearing reasonable on the surface, needs rigorous peer comparison.
If subscription data were available, an analysis of QIB, NII, and Retail interest would offer insights into market sentiment. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Powerica IPO — Pros & Cons
Strengths
- The company exhibits strong return ratios with RONW at 15.37% and ROCE at 27.02%. These metrics indicate that Powerica is effectively utilizing its capital to generate profits, which is a positive sign for investor returns.
- Powerica demonstrates a healthy EBITDA margin of 13.03%. This suggests efficient operational management and cost control, contributing to its overall profitability and financial resilience.
- The IPO includes a substantial fresh issue component of ₹700 crore. These funds are intended for growth, indicating a commitment to expanding the business and potentially enhancing shareholder value in the long term.
- With revenues reaching ₹1447.44 crore and PAT at ₹127.79 crore, the company operates at a considerable scale. This scale provides a stable foundation and potential economies of scale in its sector.
- The P/E ratio of 18.57x, based on the upper price band, appears reasonable when compared to the typical valuation ranges seen in the electrical equipment manufacturing sector. This suggests that the IPO might not be excessively priced.
Risks
- A significant portion of the IPO, ₹400 crore, is through an Offer for Sale (OFS). This means the proceeds from this part of the issue will go to selling shareholders, not towards funding the company's growth initiatives.
- The electrical equipment manufacturing sector is subject to cyclical demand and can be influenced by government policies and large infrastructure projects. Any slowdown in these areas could impact Powerica's performance.
- While the P/E ratio appears reasonable, a detailed comparative analysis with listed peers is necessary to confirm if the valuation is truly attractive. Overvaluation is a common risk in IPOs.
- The provided data does not include details on the company's debt levels or its specific utilization plans for the fresh issue funds. This lack of granular financial information makes a comprehensive risk assessment challenging.
- The Registrar and Lead Manager information provided (Registrar: 127.79, Lead Manager: 20.2) seems incomplete or incorrectly formatted, potentially indicating limited public information available for certain aspects of the IPO process.
Powerica IPO Details
| Company Name | Powerica |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹375 - ₹395 |
| Face Value | ₹5 per share |
| Lot Size | 37 shares |
| Min Investment | ₹14,615 |
| Total Issue Size | ₹1,100.00 Cr |
|---|---|
| Fresh Issue | ₹700.00 Cr |
| Offer for Sale | ₹400.00 Cr |
| Registrar | Who is the registrar of Powerica Ltd IPO?","acceptedAnswer":{"@type":"Answer","text":"For Powerica Ltd, the IPO registrar is LINK. You can check Powerica Ltd IPO allotment status on the website of the registrar."}},{"@type":"Question","name":"Where is the |
| Lead Manager | eICICI Securities Ltd.\u003c/li\u003e\n\u003cli\u003eIIFL Capital Services Ltd.\u003c/li\u003e\n\u003cli\u003eNuvama Wealth Management Ltd.\u003c/li\u003e\n\u003c/ul\u003e"}},"page":"/ipo/[searchId]","query":{"searchId":"powerica-ipo"},"buildId":"p3m-uEvO |
| IPO Status | Listed |
Powerica IPO Dates
Powerica IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 27 Mar 2026 | 0.15x | 0.44x | 4.50x | 1.45x |
| 25 Mar 2026 | 0.04x | 0.01x | 0.00x | 0.03x |
| 24 Mar 2026 | 0.02x | 0.01x | 0.00x | 0.01x |
Powerica IPO Listing Performance
Powerica IPO listed on NSE on 02 Apr 2026 at ₹366, a discount of 7.3% below the issue price of ₹395. Investors who received allotment faced a loss of ₹1,073 per lot (37 shares) on listing day.
Powerica IPO — Key Highlights
- Powerica's IPO aims to raise a total of ₹1100 Cr, with ₹700 Cr from a fresh issue and ₹400 Cr from an Offer for Sale (OFS).
- The company has reported revenues of ₹1447.44 Cr and a Profit After Tax (PAT) of ₹127.79 Cr, indicating a substantial operational scale.
- Powerica's P/E ratio stands at 18.57x, based on an EPS of ₹20.2, suggesting a valuation that needs to be compared with industry peers.
- The company boasts strong return ratios, with RONW at 15.37% and ROCE at a robust 27.02%.
- An EBITDA margin of 13.03% highlights Powerica's operational efficiency in managing its costs before interest, taxes, depreciation, and amortization.
- The IPO's price band is set at ₹375 per share, with a lot size of 37 shares, requiring a minimum investment of ₹13,875.
Powerica Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 |
|---|---|---|---|---|
| Revenue | 2,378.26 | 2,210.00 | 2,653.27 | 1,447.44 |
| Expenses | 2,222.38 | 2,016.04 | 2,465.30 | 1,300.00 |
| Net Income (PAT) | 105.64 | 225.74 | 166.12 | 127.79 |
| Margin (%) | 4.44% | 10.21% | 6.26% | 8.83% |
Powerica IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹20.20 |
|---|---|
| P/E Ratio | 18.57x |
| NAV | ₹99.76 |
| Current Ratio | 893.00 |
| Debt/Equity | 0.290 |
Return Metrics
| RONW (%) | 15.37% |
|---|---|
| ROCE (%) | 27.02% |
| EBITDA Margin | 13.03% |
| Employees | 893 |
Powerica IPO Reservation / Allocation
Powerica IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
|---|---|---|---|---|---|
| Powerica | 19.55 | 15.26 | 15.37 | 99.76 | 2,653.27 |
| Cummins India | 64.13 | 72.15 | 26.45 | 272.78 | 10,390.69 |
| Kirloskar Oil Engines | 43.24 | 33.60 | 15.85 | 212.60 | 6,349.13 |
| NTPC Green Energy | 129.40 | 0.67 | 2.58 | 21.88 | 2,209.64 |
| Acme Solar | 50.74 | 4.53 | 5.59 | 74.54 | 1,405.13 |
Powerica IPO Lead Manager & Registrar
Book Running Lead Manager
eICICI Securities Ltd.\u003c/li\u003e\n\u003cli\u003eIIFL Capital Services Ltd.\u003c/li\u003e\n\u003cli\u003eNuvama Wealth Management Ltd.\u003c/li\u003e\n\u003c/ul\u003e"}},"page":"/ipo/[searchId]","query":{"searchId":"powerica-ipo"},"buildId":"p3m-uEvO
IPO Registrar
Who is the registrar of Powerica Ltd IPO?","acceptedAnswer":{"@type":"Answer","text":"For Powerica Ltd, the IPO registrar is LINK. You can check Powerica Ltd IPO allotment status on the website of the registrar."}},{"@type":"Question","name":"Where is the
Powerica IPO — Frequently Asked Questions
What is Powerica IPO GMP today?
As of today, the Grey Market Premium (GMP) for Powerica IPO is ₹9 per share, indicating a potential listing premium of 2.3% above the issue price of ₹395.
What is the price band and lot size of Powerica IPO?
Powerica IPO has a price band of ₹375 to ₹395 per equity share with a face value of ₹5. The minimum lot size is 37 shares, requiring a minimum investment of ₹14,615 at the upper band.
What are the important dates for Powerica IPO?
Powerica IPO opens for subscription on 24 Mar 2026 and closes on 27 Mar 2026. Allotment is expected on 30 Mar 2026. The shares are expected to list on NSE on 02 Apr 2026.
What is the investor category allocation in Powerica IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 999.99%, Non-Institutional Investors (NII/HNI): 15.00%, and Retail Individual Investors: 35.00%. Additionally, 127.79% is reserved for eligible employees.
How can I apply for Powerica IPO?
You can apply for Powerica IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Who is the registrar of Powerica Ltd IPO?","acceptedAnswer":{"@type":"Answer","text":"For Powerica Ltd, the IPO registrar is LINK.
You can check Powerica Ltd IPO allotment status on the website of the registrar."}},{"@type":"Question","name":"Where is the.
What is the subscription status of Powerica IPO?
Powerica IPO has been subscribed 1.45 times overall. Retail category: 0.15x, NII/HNI: 0.44x, QIB: 4.50x.
What is Powerica IPO price band and lot size?
The Powerica IPO has a price band of ₹375 to ₹375 per share, indicating a fixed price issue. The face value of each share is ₹5. The lot size for this IPO is 37 shares, meaning the minimum investment for retail investors will be 37 shares multiplied by the issue price of ₹375, totaling ₹13,875.
Retail investors can apply for multiple lots, subject to the maximum application amount allowed.
Is Powerica IPO worth investing in?
Powerica presents a mixed investment profile with its IPO. The company demonstrates strong financial health with healthy margins and return ratios, alongside a significant revenue base. The P/E ratio of 18.57x appears reasonable, and the fresh issue component signals growth intentions.
However, the substantial OFS portion means not all capital raised directly fuels expansion. Investors should carefully consider sector-specific risks and conduct thorough due diligence on the company's long-term prospects and competitive positioning. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Powerica IPO GMP today?
Grey Market Premium (GMP) is an unofficial indicator of market sentiment towards an IPO. While specific GMP figures for Powerica are not provided here, a positive GMP generally suggests strong demand and potential for listing gains. Conversely, a negative or zero GMP might indicate lukewarm investor interest.
It is important to note that GMP is highly volatile and should not be the sole basis for investment decisions, as it is not regulated by SEBI.
How to apply for Powerica IPO?
Investors can apply for the Powerica IPO through two primary methods: UPI via their stockbroker's mobile application (e.g., Zerodha, Groww) or through the ASBA (Application Supported by Blocked Amount) facility via their bank's net banking portal. Upon successful application, funds will be blocked in the investor's bank account and will only be debited if shares are allotted. The IPO registrar, indicated as 127.79 in the provided data, will manage the allotment process.