Powerica IPO Date, Price Band per share, Allotment Details
Powerica IPO is set to open on March 24, 2026 and will close on March 27, 2026. This is a mainboard IPO structured as a book-built issue, aiming to raise approximately ₹1,100 crore. The issue includes a fresh issue of ₹700 crore along with an offer for sale (OFS) of up to 1,01,26,582 equity shares. The price band of IPO is fixed at ₹375 to ₹395 per share, and the shares are proposed to be listed on BSE and National Stock Exchange on April 2, 2026. The allotment is expected to be finalized on March 30, 2026.
From a fundamental perspective, the company has shown revenue growth, though profitability declined slightly in the latest financial year, making it more suitable for long-term investors.
| Particulars | IPO Details |
|---|---|
| IPO Open Date | March 24, 2026 |
| IPO Close Date | March 27, 2026 |
| Allotment Date | March 30, 2026 |
| Listing Date | April 2, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹375 – ₹395 |
| Issue Size | ₹1,100 Crores (Approx.) |
| Fresh Issue | ₹700 Crores |
| Offer for Sale | 1,01,26,582 Shares |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE, NSE |
Powerica IPO Lot Size & Minimum Investment
The minimum lot size for retail investors is 37 shares, requiring an investment of ₹14,615. Investors can bid up to 13 lots in the retail category.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,615 |
| Retail Maximum | 13 | 481 | ₹1,89,995 |
| S-HNI Minimum | 14 | 518 | ₹2,04,610 |
| S-HNI Maximum | 68 | 2,516 | ₹9,93,820 |
| B-HNI Minimum | 69 | 2,553 | ₹10,08,435 |
Powerica IPO Open & Closure Dates
| Event | Date |
|---|---|
| IPO Opening | March 24, 2026 |
| IPO Closing | March 27, 2026 |
| Allotment Finalization | March 30, 2026 |
| Refund Initiation | April 1, 2026 |
| Shares Credit to Demat | April 1, 2026 |
| Listing Date | April 2, 2026 |
Company Performance Overview
Powerica has demonstrated a steady business trajectory over the last few financial years, supported by consistent demand across its core operations. The company’s revenue has shown an overall upward trend, indicating stable order flow and operational continuity. This reflects the company’s ability to maintain its market presence in a competitive industrial and energy-related segment.
At the same time, profitability has remained moderate with some fluctuations, which is common in capital-intensive sectors. Variations in margins can typically be influenced by input costs, project cycles, and operational expenses. Despite this, the company continues to generate positive earnings, highlighting a sustainable business model.
Financial Growth & Stability
| Year | Revenue | Expenses | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹2,422.42 | ₹2,222.38 | ₹106.45 | ₹2,125.81 |
| 2024 | ₹2,356.77 | ₹2,016.04 | ₹226.11 | ₹2,084.91 |
| 2025 | ₹2,710.93 | ₹2,465.30 | ₹175.83 | ₹2,414.83 |
| Sep 2025 | ₹1,474.87 | ₹1,300.00 | ₹134.55 | ₹2,729.73 |
From a financial standpoint, Powerica maintains a balanced growth profile, with increasing revenues supported by controlled leverage levels. The company’s asset base has also expanded over time, which suggests ongoing investment in capacity and infrastructure.
Key financial indicators such as Return on Equity (ROE) and Return on Capital Employed (ROCE) remain at reasonable levels, indicating efficient use of capital. Additionally, the relatively low debt-to-equity ratio reflects a conservative capital structure, which can provide financial flexibility going forward.
How to Apply for Powerica IPO
Applying for the Powerica IPO is simple and can be done through multiple methods depending on your preference. Make sure you have an active Demat account, bank account, and UPI ID (if applicable) before starting.
You can apply IPO using the following methods:
- Through Stock Broker (Offline/Online): You can apply via your broker by filling out the IPO application form or placing an order directly through their trading platform.
- ASBA via Net Banking: Log in to your bank’s net banking portal, go to the IPO section, select Powerica IPO, enter the bid details, and submit your application.
- UPI through Stock Broker Apps: Use platforms like Zerodha, Groww, Upstox, or others. Enter your bid, submit the application, and approve the UPI mandate on your payment app.
Powerica IPO combines steady revenue growth with moderate profitability metrics. Investors should track subscription data, grey market premium (GMP), and sector outlook before making a decision.
Frequently Asked Questions
The IPO size is approximately ₹1,100 crores.
The price band is ₹375 to ₹395 per share.
The minimum investment for retail investors is ₹14,615, which corresponds to 1 lot (37 shares).
The IPO will open for subscription on March 24, 2026 and close on March 27, 2026. Investors can apply during these dates through supported platforms.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. Investors should conduct their own research and read and understand all official company documents, including the DRHP/RHP, with the assistance of a legally registered and certified financial professional before making any investment decisions. Any opinions or reviews expressed in this article are for informational purposes only and do not constitute a recommendation to buy or sell securities.
