The Initial Public Offering (IPO) for Powerica Limited closed on March 27, 2026. The public issue was open for subscription from Tuesday, March 24. The allotment process for the Powerica IPO is expected to be finalised today on March 30, 2026, and the shares will be listed on both BSE and NSE, with a tentative listing date fixed as April 2, 2026.

Powerica Limited operates in the power backup and energy infrastructure segment, catering to sectors such as manufacturing, infrastructure, and commercial establishments.

Steps to Check Powerica IPO Allotment Status on NSE

Open the Application Status page of NSE here.
Choose 'Equity & SME IPO bid details'.
Select 'Powerica Limited’ from the list of companies.
Enter your IPO application number and PAN details.
Click on the submit button to check the details of the share allotment.

Steps to Check Powerica IPO Allotment Status on BSE

Click here to visit the BSE’s application status page.
In Issue Type, “Equity”.
In Issue Name, select “Powerica Limited”.
Enter your “Application No.” or “PAN”
Click on “I am not a robot”.
Click “Submit”.

Steps to Check Powerica IPO Allotment Status on MUFG Intime India Private Limited (Registrar to the issue)

Click here to visit MUFG Intime’s application status page.
Under, Please select company, select “Powerica Limited”.
Enter any of the following details.

PAN
App. No.
DP/Client ID
Account No / IFSC

Click “Submit”.

Powerica IPO - Issue Details

Powerica IPO was a book-building issue of ₹1,100 crores, comprising both a fresh issue of ₹700 crores and an offer for sale (OFS) of ₹400 crores. The IPO price band was fixed at ₹375 to ₹395 per share, and the minimum lot size required for an application was 37.

ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management Limited were the book-running lead managers, and MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) was the registrar of the issue.

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Powerica IPO Overall Subscription Status

[March 27, 2026, 07:00 PM]

On Day 3, Powerica's IPO saw a subscription of 1.45 times, as per NSE data on March 27, 2026, 07:00 p.m. The public issue was subscribed to 0.15 times by the Retail Individual Investors (RIIs), 0.44 times by the Non-Institutional Investors (NIIs), 4.50 times by the Qualified Institutional Buyers (QIBs) and 1.23 times by the Employees.

Utilisation of Proceeds

The Company will utilise the net proceeds from the fresh issue towards the following purposes:

Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or in full.
General corporate purposes.

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Powerica Limited GMP

According to media reports, the Grey Market Premium (GMP) of Powerica Limited is ₹6.5.

About Powerica Limited

Powerica Limited is an India-based power solutions company engaged in the manufacturing and supply of diesel generator (DG) sets, gas-based power systems, and renewable energy solutions. Incorporated in 1983 and headquartered in Mumbai, the company is a key authorised dealer of Cummins India, offering a wide range of power backup and distributed energy solutions for industrial, commercial, and residential applications.

The company operates across multiple verticals, including DG sets, gas gensets, solar EPC solutions, and rental power services, catering to diverse sectors such as infrastructure, manufacturing, healthcare, and telecom.

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