The Initial Public Offering (IPO) for Powerica Limited opened today on March 24, 2026. The public issue will remain open for subscription from Tuesday, March 24, to Friday, March 26, 2026. Powerica Limited is engaged in the manufacturing and supply of diesel and gas generator sets, as well as the provision of power solutions and energy equipment to industrial and commercial customers. The company operates in the power backup and energy infrastructure segment, catering to sectors such as manufacturing, infrastructure, and commercial establishments.

The allotment process for the Powerica IPO is expected to be finalised 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 IPO - Issue Details

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

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

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Powerica IPO Day 1 Subscription Status

[March 24, 2026, 11:57 AM]

On Day 1, Powerica IPO saw a subscription of 0.01 times as per the NSE data on March 24, 2026, 11:57 a.m. The public issue was subscribed 0.01 times by the Retail Individual Investors (RIIs) and 0 times by the Non Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs).

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

As per media reports, the Grey Market Premium (GMP) of Sai Parenteral’s Limited is reported at ₹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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