Powerica IPO

Power Solutions / Energy - Listed on 02 April 2026

-7.3% listing gain
Issue Price (Upper)
Rs 395
Listing Price
Rs 366
Closing Price (NSE)
Rs 390
Total Subscription
1.45x

Powerica IPO listing summary

Powerica (Power Solutions / Energy) closed its IPO window in 2026 and listed on NSE and BSE on 02 April 2026 at an upper band issue price of Rs 395, opening at Rs 366 for a listing gain of -7.3% and closing day one at Rs 390 (-1.3% on closing basis). The IPO was subscribed 1.45x overall - QIB 4.50x, HNI/NII 0.44x, Retail 0.15x. The total issue size was Rs 1,100 Cr (Fresh Issue Rs 700 Cr, OFS Rs 400 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About Powerica

Power Solutions / Energy

Powerica provides power-generation and energy solutions, including equipment, operations and related services for industrial and commercial users. The business is influenced by capital spending and demand for reliable power. That places. Powerica in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. Competition, working-capital discipline and the pace of new orders remain important factors in how this business develops. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About Powerica IPO

Issue structure, listing outcome and context

The ₹1,100 crore offer comprised fresh capital and an offer for sale at ₹395. Shares opened at ₹366, below the issue price, as investors took a measured view of the valuation. It combined a fresh issue of ₹700 crore with an offer for sale of ₹400 crore. The stock listed at ₹366, a reported opening gain of -7.34%. The final assessment belongs with the company’s official filings, exchange disclosures and subsequent financial performance. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
-7.34%
Listing Gain (Close)
-1.27%
Day Change After Listing
+6.07%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB4.50x
HNI / NII0.44x
Retail0.15x
Overall1.45x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.01x
Day 20.03x
Day 3 (Final)1.45x

Powerica IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 9+2.28%
Day 2Rs 4+1.01%
Day 3Rs 4+1.01%
Day 4Rs 5+1.27%
Day 5Rs 3+0.76%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
0.8%-2.3%
IPOGyani AI Prediction
-13.9%
Actual Listing Gain
-7.3%

Prediction Accuracy: 6.6 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 1,100 Cr
Fresh IssueRs 700 Cr
OFSRs 400 Cr
IPO PE19.55
Peer / Sector PE71.88
PE vs Sector Ratio0.27
Latest EBITDA (Cr)13.03
Debt / Equity0.29

Market context at listing

How the broader market moved around the Powerica IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.47%
Nifty 1W Return-0.87%
Nifty 1M Return-9.79%
Nifty during IPO window+0.89%

Powerica IPO - FAQs

What was the listing gain of Powerica IPO?

Powerica IPO listed at -7.3% versus the upper issue price of Rs 395 on 02 April 2026.

How many times was Powerica IPO subscribed?

Powerica IPO was subscribed 1.45x overall. QIB portion was subscribed 4.50x, HNI / NII 0.44x and Retail 0.15x.

What was the IPO GMP for Powerica?

IPO GMP started at Rs 9 on Day 1 and moved to Rs 3 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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