Powerica IPO GMP Today, Price & Details
Powerica IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Powerica
Powerica operates in India's power-generation equipment space, long associated with diesel gensets and power solutions for industrial and commercial users. It's an established name in a sector tied to reliable back-up power demand across factories, infrastructure, and data-heavy facilities. The IPO was a mainboard offering on the NSE, sized at ₹1,100 Cr and priced at ₹375–395 per share with a face value of ₹5.
The financials reflect a large, established business. Revenue of ₹1,447.44 Cr and net profit of ₹127.79 Cr come with a healthy EBITDA margin of 13.03% and a strong ROCE of 27.02%, while RONW sits at 15.37%. An EPS of ₹20.20 and a high NAV of ₹99.76 point to a well-capitalised, profitable operation.
The issue was a mix — roughly ₹700 Cr of fresh capital alongside a ₹400 Cr offer for sale — so a majority of the money goes into the company to fund growth, with existing shareholders partially cashing out.
Powerica IPO — Investment Analysis
At the upper band of ₹395, Powerica was valued at 18.57x earnings on an EPS of ₹20.20 — a reasonable multiple for an established, profitable equipment maker with a 27.02% ROCE. The pricing looked fair rather than cheap.
Financial health is a clear strength. Revenue of ₹1,447.44 Cr gives Powerica genuine scale, and the 27.02% ROCE alongside a 13.03% EBITDA margin shows it earns solid returns on capital. The large fresh-capital component of the issue should further strengthen the balance sheet.
The risks are cyclical. Genset and power-equipment demand is linked to industrial activity and infrastructure spending, so a slowdown can soften orders. Input-cost swings on engines and components, plus the long-term shift toward cleaner power, are structural factors to keep in view.
The debut was muted — the stock listed flat at ₹375, at the lower end of its band, before recovering to ₹390. A flat listing for a large, fairly-priced issue isn't unusual; the longer-term case rests on the fundamentals rather than a quick pop. You can model per-lot outcomes with our IPO profit calculator. 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
- An established, sizeable business, with revenue of ₹1,447.44 Cr giving Powerica real scale and a long operating track record in power equipment.
- Strong capital efficiency, with an ROCE of 27.02% that's impressive for a large equipment maker.
- A reasonable valuation at 18.57x earnings, fair for a profitable, well-capitalised company of this size.
- A majority fresh issue — roughly ₹700 Cr of the ₹1,100 Cr — puts significant capital into the business for growth.
- A healthy 13.03% EBITDA margin and high NAV of ₹99.76 underline balance-sheet strength.
Risks
- A flat listing at ₹375 offered no immediate upside, reflecting muted near-term enthusiasm for a large issue.
- Demand for gensets and power equipment is cyclical, tied to industrial and infrastructure activity that can soften in a downturn.
- The long-term shift toward cleaner and grid-based power is a structural headwind for diesel-linked generation over time.
- Input-cost volatility on engines and components can pressure the 13.03% margin if not passed through to customers.
- A ₹400 Cr offer-for-sale component means part of the issue went to selling shareholders rather than into the business.
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 Listing Performance
Powerica IPO listed on NSE on 02 Apr 2026 at ₹375, a discount of 5.1% below the issue price of ₹395. Investors who received allotment faced a loss of ₹740 per lot (37 shares) on listing day.
Powerica IPO — Key Highlights
- Power-generation equipment maker, mainboard NSE IPO of ₹1,100 Cr.
- Large scale, with revenue of ₹1,447.44 Cr.
- Strong ROCE of 27.02% and 13.03% EBITDA margin.
- Reasonably valued at 18.57x earnings on an EPS of ₹20.20.
- Majority fresh issue — about ₹700 Cr of ₹1,100 Cr.
- Flat listing at ₹375, recovering toward ₹390.
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): 50.00%, 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 was Powerica IPO's price band and lot size?
Powerica was priced at ₹375 to ₹395 per share, with a lot of 37 shares. At the upper band the minimum retail investment came to about ₹14,615, and the face value was ₹5.
What does Powerica do?
Powerica is an established player in power-generation equipment, long associated with diesel gensets and back-up power solutions for industrial and commercial users.
How did Powerica perform on listing?
The debut was flat — the stock listed at ₹375, the lower end of its band, before recovering toward ₹390. There was no listing pop.
Was Powerica IPO a fresh issue or OFS?
It was a mix — roughly ₹700 Cr of fresh capital plus a ₹400 Cr offer for sale, so the majority went into the company for growth.