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Powerica IPO

Powerica

IPO Doc

Start Date24-03-2026

Application Timing10am-5pm

Price Range₹375 - ₹395

Min Qty37

Min. Investment₹14615

Listing Date02-04-2026

Close Date27-03-2026

About Powerica

Powerica Ltd. is a power solutions company specializing in diesel generator sets (DG sets) used for both primary and backup power supply. The company provides a wide range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, catering to industries such as manufacturing, infrastructure, healthcare, commercial buildings, and data centers. The company operates through two major business divisions. The Generator Set Business Division manufactures DG sets powered by Cummins engines with capacities ranging from low horsepower (7.5 kVA – 160 kVA) to high horsepower generators above 500 kVA. Powerica operates three manufacturing facilities located in Bengaluru (Karnataka), Silvassa (Dadra & Nagar Haveli), and Khopoli (Maharashtra). The company also runs a Wind Power Business Division and owns 11 wind power projects in Gujarat with a total installed capacity of 279.55 MW as of March 31, 2025. In addition, the company offers Retrofit Emission Control Devices (RECD) through its associate company Platino Automotive. Powerica plans to raise Rs. 1,100.00 crore through its IPO, which includes a fresh issue of Rs. 700.00 crore and an offer for sale worth Rs. 400.00 crore.

Why To Invest in Powerica

Strong Position in Generator Market : Powerica has an established presence in the diesel generator set industry with a wide product range from 7.5 kVA to 10,000 kVA, serving multiple industrial sectors.
Diversified Power Business : Apart from DG sets, the company also operates wind power projects with 279.55 MW capacity, providing diversification in the renewable energy segment.
Strategic Industry Partnerships : The company has collaborations with established industry players such as Cummins, helping maintain product quality and technological capability.
Large Customer Base : Powerica serves a diversified group of customers across industries, reducing dependency on any single sector.
Strong Financial Performance : The company reported Total Income of Rs. 2,710.93 crore and PAT of Rs. 175.83 crore in FY2025, showing stable profitability and operational scale.

Financial Table

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	2,729.73	2,414.83	2,084.91	2,125.81
Total Income	1,474.87	2,710.93	2,356.77	2,422.42
Profit After Tax	134.55	175.83	226.11	106.45
EBITDA	220.42	345.66	362.45	333.21
NET Worth	1,214.52	1,085.60	912.49	794.60
Reserves and Surplus	1,158.99	1,070.95	898.67	777.88
Total Borrowing	571.95	300.80	177.52	278.88

Strengths And Risks

Established Market Presence: Powerica has built a strong position in the diesel generator set market with a wide product portfolio.

Diversified Business Model: The company operates in both power equipment manufacturing and renewable wind energy generation, reducing dependence on a single revenue source.

Experienced Management Team: Powerica is led by experienced promoters and management with strong industry knowledge and execution capabilities.

Manufacturing Infrastructure: The company operates three manufacturing facilities strategically located across India to support production and distribution.

Highly Competitive Industry: The generator market is fragmented and competitive, with many domestic and international players.

Revenue Fluctuations: The company has shown inconsistent revenue and profit trends in some of the reported financial periods.

Dependence on Industrial Demand: Demand for generator sets is closely linked to industrial growth, infrastructure development, and power reliability.

Borrowings and Financial Risk: Although the IPO aims to reduce debt, the company currently carries significant borrowings, which could impact financial flexibility.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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ARN-35911

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Powerica IPO

About Powerica

Why To Invest in Powerica