Powerica IPO 2026: Dates, Price Band, Financials & Review
The Powerica IPO is set to open for subscription on March 24, 2026, and will close on March 27, 2026. This initial public offering (IPO) is structured as a book-built issue, aiming to raise approximately ₹1,100 crores from the market.
Powerica IPO Details
The IPO consists of:
- Fresh Issue: ₹700 crores
- Offer for Sale (OFS): Up to 1,01,26,582 equity shares
- Face Value: ₹5 per share
The price band for the Powerica IPO is fixed at ₹375 to ₹395 per share, making it an attractive offering for investors looking at the power and energy sector.
Powerica IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 23 March | ₹6 |  | 1.51% |
| 21 March | ₹7 | | 1.77% |
| 20 March | ₹8 |  | 2.03% |
| 19 March | ₹8 | | 2.03% |
| 18 March | ₹- | – | -% |
Reservation Quota
The IPO allocation is divided as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
Important Dates
- IPO Open Date: March 24, 2026
- IPO Close Date: March 27, 2026
- Allotment Date: March 30, 2026
- Listing Date: April 2, 2026
- Listing Exchanges: BSE and NSE
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 37 | ₹14,615 |
| Retail Maximum | 13 | 481 | ₹1,89,995 |
| S-HNI Minimum | 14 | 518 | ₹2,04,610 |
| S-HNI Maximum | 68 | 2,516 | ₹9,93,820 |
| B-HNI Minimum | 69 | 2,553 | ₹10,08,435 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Powerica Financial Performance
Powerica has shown steady revenue growth over the past year:
- Revenue (2025): ₹2,710.93 crores
- Revenue (2024): ₹2,356.77 crores
However, the company experienced a decline in profitability:
- Net Profit (2025): ₹175.83 crores
- Net Profit (2024): ₹226.11 crores
Powerica IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹2,422.42 | ₹2,222.38 | ₹106.45 | ₹2,125.81 |
| 2024 | ₹2,356.77 | ₹2,016.04 | ₹226.11 | ₹2,084.91 |
| 2025 | ₹2,710.93 | ₹2,465.30 | ₹175.83 | ₹2,414.83 |
| Sep 2025 | ₹1,474.87 | ₹1300.00 | ₹134.55 | ₹2,729.73 |
Powerica IPO Details
| IPO Open Date | March 24, 2026 |
| IPO Close Date | March 27, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹375 to ₹395 Per Share |
| Issue Size | Approx ₹1,100 Crores |
| Fresh Issue | Approx ₹700 Crores |
| Offer for Sale: | Approx 1,01,26,582 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | https://www.bseindia.com/corporates/download/316199/IPO%20Prior/POWERICADRHP_20250808213609.pdf |
| RHP Draft Prospectus | https://www.powericaltd.com/investor-relations/pdf/Powerica%20Limited%20-%20RHP%20(Filing%20Version)%20(1).pdf |
Powerica IPO – Should You Buy or Skip?
Reasons to Consider Buying (Long-Term)
- Revenue is growing (₹2,710 Cr vs ₹2,356 Cr) → business expanding
- IPO funds used for debt reduction → improves balance sheet
- Established player in generator + power segment
- Presence in renewable (wind energy) → future growth angle
Red Flags (Important)
- Profit is declining (₹175 Cr vs ₹226 Cr) → margins under pressure
- Heavy dependency on generator business (~85%) → low diversification
- Reliance on partners like Cummins/Hyundai → supply risk
- Power sector IPOs have mixed listing performance (not consistent gains)
Final Verdict (Straight Talk)
- ❌ For listing gains (short-term):
👉 Avoid / Risky (no strong profit growth trigger) - ✅ For long-term (2–3+ years):
👉 Can consider APPLYING (moderate bet)
BUT only if: - You’re okay with slow returns
- You believe in energy + infra growth