Upcoming IPO: Powerica Ltd Files DRHP with SEBI to Raise ₹1,400 Crore

Mumbai-based power solutions provider Powerica Ltd has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Monday, August 11, 2025, as it sets the stage for an initial public offering (IPO) aimed at raising ₹1,400 crore from the Indian capital markets.

Powerica IPO Structure and Offer Details

The proposed IPO comprises a fresh issue of equity shares worth ₹700 crore, each with a face value of ₹5, and an Offer for Sale (OFS) component aggregating to ₹700 crore. The OFS includes:

• ₹490 crore worth of shares offloaded by the Naresh Oberoi Family Trust
• ₹210 crore worth of shares by the Kabir and Kimaya Family Private Trust, both promoter group entities.

As per the DRHP, Powerica may consider a pre-IPO placement of up to ₹140 crore. Should this occur, the size of the fresh issue will be reduced accordingly.

Use of IPO Proceeds

The company intends to use ₹525 crore from the fresh issue to repay certain outstanding borrowings. The balance amount will be allocated towards general corporate purposes.

Powerica’s IPO will follow a book-building process with the following allocation structure:

• Up to 50% for Qualified Institutional Buyers (QIBs)
• Not more than 15% for Non-Institutional Investors (NIIs)
• At least 35% reserved for Retail Individual Investors (RIIs)

About Powerica Ltd

Founded in 1994, Powerica Ltd is a leading player in the generator set and power solutions space. The company provides comprehensive solutions for standby and prime power applications across a wide range of sectors.

Its client base spans multiple industries, including:

• Commercial: hospitality, healthcare, BFSI, education, residential, and real estate
• Infrastructure: retail, logistics, railways, and metro systems
• Manufacturing: industrial, process industries, dairy
• Agriculture: cold storage and aquaculture
• Information Technology & Data Centres, Government & Defense, and Rental services

Powerica operates three manufacturing plants located in:

• Bengaluru, Karnataka
• Silvassa, Dadra and Nagar Haveli
• Khopoli, Maharashtra

Also Read: Upcoming IPO: FourFront Limited Secures BSE Approval for Public Listing

With over three decades of experience, Powerica is poised to leverage its technical expertise and diversified customer base as it steps into the public market.

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.

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