
Capital Goods · NSE / BSE
Powerica Ltd is a power solutions company that provides diesel generator sets (DG sets) for both main and backup power needs. The company offers a wide range of generators from 7.5 kVA to 10,000 kVA to suit different industries and uses. Its generator business includes DG sets powered by Cummins engines, covering low power (7.5–160 kVA), medium power (180–500 kVA), and high power (above 500 kVA), with manufacturing units in Bengaluru, Silvassa, and Khopoli. Apart from this, the company also operates 11 wind power projects in Gujarat with a total capacity of 279.55 MW as of March 31, 2025, and is involved in emission control solutions through its associate company, Platino Automotive.
Price Band
₹375 – ₹395
Issue Size
₹2784.81 L Cr
Lot Size
37 shares
GMP
Est. Listing
₹395
at current GMP
Subscribed
1.53x
overall
Open
24 Mar 2026
Close
27 Mar 2026
Allotment
30 Mar 2026
Refund
31 Mar 2026
Demat Credit
1 Apr 2026
Listing
2 Apr 2026
Overall Subscription
1.53x
Total Demand
QIB Multiplier
4.74x
Institutions & Funds
NII / HNI
0.47x
High Net-Worth
Retail (RII)
0.15x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,556,879 | 26,346,331 | 4.74x |
| NIB | 4,168,835 | 1,941,390 | 0.47x |
| HNIs(10L +) | 2,779,224 | 1,304,990 | 0.47x |
| HNIs (2-10L) | 1,389,612 | 636,400 | 0.46x |
| RETAIL | 9,727,282 | 1,497,242 | 0.15x |
| EMPLOYEES | 55,866 | 72,853 | 1.30x |
| Total | 23,677,698 | 31,799,206 | 1.53x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 262,900 | 22,483 | 0.09x |
| EMPLOYEES | — | 651 | 0.00x |
| HNIs(10L +) | 5,365 | 360 | 0.07x |
| HNIs (2-10L) | 2,683 | 1,005 | 0.37x |
| Total Applications | 270,948 | 24,499 | 0.09x |
Powerica Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹2,78,48,100 Crores. The shares are offered at a price band of ₹375 to ₹395 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-03-27, the basis of allotment is scheduled to be finalized on 2026-03-30. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The Powerica Limited IPO aggregate issue size is ₹2,78,48,100 Crores with an equity price band set at ₹375 to ₹395 per equity share. The retail lot size is 37 shares requiring a minimum capital outlay of approx. ₹14,615.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-03-30.