Powerica IPO IPO subscription status
The mainboard issue that closed on Friday, was overall subscribed 1.45 times over a three-day bidding period. The demand was mainly driven by Qualified Institutional Buyers (QIBs) who subscribed the IPO 4.5 times of their quota, while Retail Individual Investors (RIIs) hardly showed any interest, subscribing just 14% shares of the available quota.
Here’s how you can check the status on BSE:
Step 1: Visit the BSE ‘Status Application Check’ page https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select Issue Type: Equity/Debt
Step 3: Put PAN/Application No. and enter checkbox ‘I’m not a robot’.
Step 4: Submit ‘Search’Its stock is expected to get listed on April 2.
About Powerica IPO
The company set the price band at Rs 375–395 per share. The IPO of fresh issue aggregated up to Rs 700 crores while the OFS was worth up to Rs 400 crores. This including eligible employees reservation portion aggregating up to Rs 2 crores and anchor investor portion of 83,39,239 equity shares.
Powerica IPO GMP
Powerica IPO’s last grey market premium (GMP) stood at Rs 2-3 hinting at a muted listing at Rs 398, implying a 1% listing gains. The GMP is only an indicative price and could change as the issue progresses.
Powerica IPO net proceeds
The company will utilize Rs 525 crore towards payment of its borrowings while Rs 175 crore for general corporate purposes. The OFS part will go to the selling shareholders.
About Powerica
Powerica is an integrated power solutions provider specialising in diesel generator sets (DG sets), for both primary and standby applications. As one of the Original Equipment Manufacturers (OEMs) for Cummins India Ltd, the company has maintained a strong relationship with them for over four decades.
Powerica manufactures DG sets along with auxiliary items, including acoustic enclosures, fuel and exhaust systems, and customized control panel systems. Building on the experience in the Generator Set Business, the company entered the wind power sector in 2008 as an Independent Power Producer (IPP). Subsequently, it developed capabilities as an Engineering, Procurement and Construction (EPC) contractor as well as an Operation and Maintenance (O&M) service provider for Balance of Plant (BoP).
The company through its associate company Platino Automotive, is engaged in the Retrofit Emission Control Devices (RECDs) business, these RECD products provide comprehensive solutions for reducing emissions from existing DG sets.
Powerica Financials
The company’s revenue from operations in H1FY26 stood at Rs 1,447 crore while its profit after tax (PAT) stood at Rs 129 crore. For FY25, revenue stood at Rs 2,653 versus Rs 2,210 crore in FY24 and Rs 2,378 in FY23. The PAT stood at Rs versus Rs 167 crore in FY25 and Rs 226 crore in FY24 and Rs 106 crore in FY23.
Powerica IPO lead managers
The Book Running Lead Managers (BRLMs) are ICICI Securities Ltd, IIFL Capital Services Ltd, Nuvama Wealth Management Ltd while the registrar to the issue is MUFG Intime India Pvt Ltd.
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