Powerica Limited, an integrated power solutions provider in India, plans to raise ₹1,100 crores through an initial public offering (IPO).
[Fresh Issue ₹700 Cr + OFS ₹400 Cr]
Powerica ipo price is ₹375 to ₹395 per share.
Powerica: History
The Company was originally incorporated as Consolidated Power Systems Private Limited, a private limited company under the Companies Act, 1956, on May 4, 1984.
The Company was then converted into a public limited company on June 15, 1988, under a special resolution passed by the shareholders.
Its name was subsequently changed to Powerica Limited, and a fresh certificate of incorporation was issued by the Registrar of Companies on October 5, 1989.
Powerica: Business
Powerica Ltd is an integrated power solutions provider in the country, specializing in DG sets (diesel generator sets), for both primary and standby applications.
Later, the company expanded its generator portfolio to include MSLG (medium-speed large generators) in 1996.
Combining DG sets and MSLG, Powerica offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the diverse requirements of various applications and industries.
The Company’s business operations are primarily divided into 3 divisions –
Generator Set Business Division: Diesel Generator sets (DG sets) powered by Cummins engines, Medium Speed Large Generators (MSLG) in association with Hyundai, and Allied Business
Wind Power Business Division
Retrofit Emission Control Devices (RECD) Division
Manufacturing Facilities
The company operates three (3) manufacturing facilities in Bengaluru, Khopoli, and Silvassa.
Strategies Ahead
Capitalize on the continued demand for Generator Sets,
Develop Wind Power Business,
Diversify into wind and solar hybrid projects,
Develop allied businesses and the RECD business through associates,
Develop and strengthen alliances to improve position in India,
Evaluate expansion opportunities.
Company Promoters
- Naresh Chander Oberoi & Naresh Oberoi Family Trust,
- Bharat Oberoi & Bharat Oberoi Family Trust,
- Renu Naresh Oberoi,
- Jai Ram Oberoi,
- Kabir and Kimaya Family Private Trust.
Refer to Powerica RHP for more details.
IPO Details
Powerica ipo date: 24 – 27 March 2026
Minimum Amount: ₹14,615
Minimum Bid: 37 Shares
Face Value: ₹5
Listing On: NSE, BSE
Object of the IPO
1) Prepayment (repayment) of outstanding borrowings availed by the Company
2) General corporate purposes.
Financial
Book Running Lead Managers
ICICI Securities,
IIFL Securities,
Nuvama Wealth Management.
CONCLUSION
Considering financial performance, nature of the business, and the above-listed factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Powerica Limited IPO.
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