Powerica IPO is a book-built issue IPO, aiming to raise ₹1,100.00 crore. It comprises a fresh issue of 1.77 crore equity shares aggregating to ₹700.00 crore and an offer for sale of 1.01 crore equity shares amounting to ₹400.00 crore. The bidding window was open from March 24, 2026, to March 27, 2026, with the IPO allotment to be finalised on March 30, 2026. Powerica is scheduled to list on BSE and NSE on April 2, 2026.
The IPO was priced at ₹375–₹395 per share with a lot size of 37 shares. The public issue was subscribed 1.53 times overall as of March 27, 2026. Qualified Institutional Buyers subscribed 4.74 times, while Non-Institutional Investors subscribed 0.47 times, and retail investors subscribed 0.16 times.
Powerica’s ₹1,100.00 crore IPO, priced at ₹375–₹395 per share, was subscribed 1.53 times overall. The IPO is a fresh issue of 1.77 crore equity shares aggregating to ₹700.00 crore and an offer for sale of 1.01 crore equity shares amounting to ₹400.00 crore.
Bidding took place from March 24 to March 27, 2026, with the Powerica IPO allotment status on March 30, 2026. Qualified Institutional Buyers subscribed 4.74 times, Non-Institutional Investors 0.47 times, and retail investors 0.16 times, and listing is expected on April 2, 2026.
The table below breaks down the Powerica share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 13896118 |
| − Anchor Investor Shares Offered | 8339239 |
| − QIB (Ex. Anchor) Shares Offered | 5556879 |
| NII (HNI) Shares Offered | 4168835 |
| − bNII > ₹10L | 2779224 |
| − sNII < ₹10L | 1389612 |
| Retail Shares Offered | 9727282 |
| Employee Shares Offered | 55866 |
| Total Shares Offered | 27848101 |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 4.74 |
| Non-Institutional Investors | 0.47 |
| Retail Individual Investors | 0.16 |
| Employees | 1.3 |
| Total shares | 1.53 |
Note: The subscription details are as of March 27, 2026
Powerica Limited is a power solutions company specialising in diesel generator sets for both primary and backup power requirements. The company offers a wide range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, catering to diverse industrial and commercial applications. Its generator sets are powered by Cummins engines and are classified across low, medium, and high horsepower segments.q
The company operates through its Generator Set Business Division and Wind Power Business Division. In the generator segment, it manufactures DG sets across various capacities to serve different industry needs. In the renewable segment, the company owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW as of March 31, 2025.
Powerica has established manufacturing facilities located in Bengaluru, Silvassa, and Khopoli, enabling it to support large-scale production and maintain supply chain efficiency. In addition, the company is involved in providing retrofit emission control devices through its associate company, Platino Automotive, further expanding its presence in the power and emissions segment.
The company benefits from an established position in the generator set market, supported by collaborations with industry players and a diversified customer base. Its operational capabilities, experienced management team, and focus on execution have enabled it to build a stable presence across both conventional and renewable power segments.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 30, 2026, 6:40 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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