What is the price band of Powerica Limited IPO?

The price band of Powerica Limited IPO is Rs 375-395 per share. The lot size is 37 shares per lot, so the minimum retail investment is Rs 14,615.

What is the GMP of Powerica Limited IPO today?

The current Grey Market Premium (GMP) of Powerica Limited IPO is Rs 1. GMP is an unofficial market signal and not a guaranteed listing price. IPOGyani updates GMP every 15 minutes from multiple grey-market sources.

When is Powerica Limited IPO opening and closing?

Powerica Limited IPO opens for subscription on 2026-03-24 and closes on 2026-03-27. The allotment is expected on 2026-03-28 and listing on 2026-04-05.

What is the expected listing gain of Powerica Limited IPO?

IPOGyani's AI model predicts a listing gain of approximately -1.2% for Powerica Limited IPO. The prediction combines subscription velocity, peer-group performance, sector trends and fundamentals. This is an estimate and not investment advice.

Should I subscribe to Powerica Limited IPO?

Powerica Limited IPO is currently 1.53x subscribed with a GMP of Rs 1 and an AI-predicted listing gain of -1.2%. Read the full analysis on this page — including expert reviews, peer comparison, financials and subscription pattern — before making any investment decision.

Who is the registrar of Powerica Limited IPO?

The registrar of Powerica Limited IPO is KFin Technologies. After allotment you can check your status on the registrar's website using your PAN or application number.

Who are the lead managers of Powerica Limited IPO?

The lead manager(s) of Powerica Limited IPO is/are Axis Capital.

How can I apply for Powerica Limited IPO?

You can apply for Powerica Limited IPO via UPI through any SEBI-registered broker (Zerodha, Groww, Upstox, ICICI Direct, HDFC Sky etc.) or through ASBA via your bank's net-banking portal. Select Powerica Limited, pick the number of lots (37 shares per lot), enter your UPI ID, and approve the mandate before the IPO closes on 2026-03-27.

Powerica Limited IPO

Power / Energy - Powerica Limited is a leading power generation company with operations across thermal and renewable energy

Listing DayMainboard24 Mar - 27 Mar, 2026

Price Band

Rs 375 - 395

Cut-off: Rs 395 per share

Lot: 37 - Min Rs 14,615

Open

24 Mar 2026

Last Day

27 Mar 2026

Allotment

28 Mar 2026

Listing

05 Apr 2026

GMP Today

52d ago

+Rs 1

+0.25% premium

Refresh in --:--

Est. Listing Price

GMP Based

Rs 396

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 37

+0.3% (37 shares)

Subscription

1.53x

Final

IPOGyani AI Engine - Live Prediction

-1.2%

Range: 0% to 2.8%

Confidence: Moderate - 52%

Confidence Score - 52%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 42/100📊 Sub 1.53x🏭 Power / Energy

Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1

Final Subscription

Final subscription snapshot

Final subscription data is being compiled.

Current IPO Status: listing

About Powerica Limited

Power / Energy

Powerica Limited is a leading power generation company with operations across thermal and renewable energy.

Issue Details

Total Issue Size

Rs 1,100 Cr

2,78,48,101 shares

Price Band

Rs 375 - 395

Fresh Issue vs OFS

Fresh Issue

Rs 800 Cr (73%)

OFS

Rs 300 Cr (27%)

Basic Details

IPO Date

24 Mar 2026 - 27 Mar 2026

Listing Date

05 Apr 2026

Lot Size

37 Shares

Min Investment

Rs 14,615

Listing At

Mainboard

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Axis Capital

Registrar

KFin Technologies

Objects of the Issue (as per DRHP)

1Expansion of renewable energy capacity (500 MW solar)
2Repayment of outstanding borrowings
3Funding capital expenditure for thermal plants upgrade
4General corporate purposes

Company Financials

Revenue Growth

21.9% YoY

FY23

Rs 820 Cr

FY24

Rs 1050 Cr

FY25

Rs 1280 Cr

Other Financial Metrics

EBITDA (FY25)

Rs 235 Cr

27.0% YoY

ROE

16.5%

Return on Equity

ROCE

14.8%

Return on Capital

Debt/Equity

0.72

Moderate Debt

2-Year CAGR

Revenue CAGR24.9%

Profit CAGR32.0%

P/E Ratio

28.4x

At upper band

Market Cap

~4,200 Cr

Post issue

MARKET SENTIMENT SCORE

100

+42

Bearish

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

Positive

Neutral

Negative

CNBC TV18NewsNeutral

By CNBC Markets

Fairly valued power sector IPO. Moderate returns expected. Good for conservative investors.

26 Mar 2026

Motilal OswalBrokerageNeutral

By MOSL Research

Neutral rating. Power sector facing headwinds. Subscribe only for long term portfolio.

25 Mar 2026

Reviews are AI-summarized from news channels, brokerage firms, and other expert sources. Each summary is limited to 2 lines for quick reading.

Peer Comparison

Comparing with 3 listed peers

IPO P/E Ratio

28.4x

vs Peer Avg: 17.4x

IPO Market Cap

~4,200 Cr

Peer Avg: 3L Cr

IPO ROE

16.5%

vs Peer Avg: 14.5%

Peer Avg P/B

2.4x

Price-to-Book ratio

Company	Market Cap	Revenue	PAT	P/E	P/B	ROE
PL Powerica LimitedIPO	~4,200 Cr	Rs 1280 Cr	Rs 148 Cr	28.4x	-	16.5%
NTPC Ltd	4L Cr	2L Cr	18.5K Cr	12.4x	1.8x	14.2%
Power Grid Corp	3L Cr	46.0K Cr	15.8K Cr	11.2x	2.1x	18.5%
Tata Power	1L Cr	58.0K Cr	3.2K Cr	28.6x	3.4x	10.8%
Peer Average	3L Cr	93.0K Cr	12.5K Cr	17.4x	2.4x	14.5%

Quick Analysis

Powerica Limited's P/E of 28.4x is higher than the peer average of 17.4x, suggesting premium valuation.
ROE of 16.5% is above peer average (14.5%), indicating better return on equity.
Market cap post-listing would place Powerica Limited below peer average in terms of size.

* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.

IPO Details

Open Date	24 Mar 2026
Close Date	27 Mar 2026
Allotment Date	28 Mar 2026
Listing Date	05 Apr 2026
Issue Type	Book Build Issue
Issue Size	Rs 1,100 Cr
Fresh Issue	800 Cr
OFS	300 Cr
Face Value	Rs 10 per share
Price Band	Rs 375 - 395
Lot Size	37 shares
Min Investment (Retail)	Rs 14,615
Listing Exchange	Mainboard

About the Company

Powerica Limited is a leading power generation company with operations across thermal and renewable energy.