Powerica IPO: Power solutions provider Powerica Ltd is all set to hit the Dalal Street. Powerica said that its Rs 1,100 crore IPO will open for subscription on March 24. Powerica IPO subscription will end on March 27.

Powerica has fixed Rs 375 to Rs 395 as the price band for its IPO. In the grey market, Powerica shares are commanding a GMP of Rs 13 or 4 per cent.

Powerica Valuation

At the upper price band, Powerica is eyeing a valuation of nearly Rs 5,000 crore.

Powerica's IPO is a combination of fresh issue of shares worth Rs 700 crore, along with an offer for sale (OFS) of shares valued at Rs 300 crore by promoters, according to the red herring prospectus (RHP).

The OFS size has been cut from Rs 700 crore earlier, reducing the total IPO size to Rs 1,000 crore from Rs 1,400 crore proposed in the draft papers filed in August 2025. Under the OFS, Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust would offload shares.

Powerica IPO Registrar, Shares Listing Date

Powerica IPO's allotment will likely be announced on March 30 on the official website of the registrar. MUFG Intime India is the registrar of Powerica IPO.

Powerica shares will list on BSE and NSE on April 2.

Powerica said that proceeds raised through IPO will primarily to be used for debt reduction. The company's total borrowings stood at Rs 571.95 crore as of September 30, 2025.

This is Powerica's second attempt to go public. In 2019, Powerica had filed draft papers with SEBI, but the plan was shelved.