About Powerica Limited
Power / Energy
Powerica Limited is a leading power generation company with operations across thermal and renewable energy.
PL
Powerica Limited
Listing Day
Mainboard
ABOUT COMPANY
Mainboard / Power / Energy - Powerica Limited is a leading power generation company with operations across thermal and renewable energy.
PRICE BAND
Rs 375 - 395
LOT SIZE
37
Shares
MIN INVEST
Rs 14,615
CUT-OFF
Rs 395
per share
Open
24 Mar 2026
Last Day
27 Mar 2026
Allotment
28 Mar 2026
Listing
05 Apr 2026
Est. Listing Price
GMP BasedRs 396
Issue Price + GMP (Dynamic)
Est. Profit (1 Lot)
GMP Based+Rs 37
+0.3% (37 shares)
IPOGyani AI Engine - Live Prediction
-1.2%
Range: 0.0% 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
Listing Coming Soon
The shares are ready for listing. Check the allotment status and prepare for the first day of trading.
Check Allotment
Date:28 Mar 2026
Final Subscription
Final subscription snapshot
Final subscription data is being compiled.
Current IPO Status: listing
Issue Details
Total Issue Size
Rs 1,100 Cr
Price Band
Rs 375 - 395
Issue Size for Retails
Rs 385 Cr
= Total Issue Size × Retail Quota % / 100
= Rs 1100 Cr × 35% / 100
Fresh Issue vs OFS
Fresh Issue
Rs 800 Cr (73%)OFS
Rs 300 Cr (27%)Basic Details
IPO Date
24 Mar 2026 - 27 Mar 2026Listing Date
05 Apr 2026Lot Size
37 SharesMin Investment
Rs 14,615Listing At
MainboardReservation 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
0
50
100
42
Bearish
Based on expert reviews, GMP trends & market signals
Expert Reviews & Opinions
0
Positive
2
Neutral
0
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.
Official Documents
Prospectus filings and anchor allotment disclosures from SBI Funds Management Limited.
Peer Comparison
Comparing with 3 listed peersIPO P/E Ratio
28.4x
vs Peer Avg: 17.4x
IPO Market Cap
~4,200 Cr
Peer Avg: 274K Cr
IPO ROE
16.5%
vs Peer Avg: 14.5%
| Company | Market Cap | Revenue | PAT | P/E | ROE |
|---|---|---|---|---|---|
PL Powerica LimitedIPO | ~4,200 Cr | Rs 1280 Cr | Rs 148 Cr | 28.4x | 16.5% |
| NTPC Ltd | 385K Cr | 175K Cr | 19K Cr | 12.4x | 14.2% |
| Power Grid Corp | 295K Cr | 46K Cr | 16K Cr | 11.2x | 18.5% |
| Tata Power | 142K Cr | 58K Cr | 3.2K Cr | 28.6x | 10.8% |
| Peer Average | 274K Cr | 93K Cr | 13K Cr | 17.4x | 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 | Rs 800 Cr |
| OFS | Rs 300 Cr |
| Price Band | Rs 375 - 395 |
| Lot Size | 37 shares |
| Min Investment (Retail) | Rs 14,615 |
| Face Value | Rs 1 per share |
| Listing Exchange | Mainboard |
Company Information
| Company Name | Powerica Limited Ltd |
| Industry | Power / Energy |
| Registrar | KFin Technologies |
| Lead Manager | Axis Capital |
| Market Cap (Upper) | ~4,200 Cr |
| P/E (Upper Band) | 28.4x |
About the Company
Powerica Limited is a leading power generation company with operations across thermal and renewable energy.
Grey Market Premium
Powerica Limited IPO GMP Today
GMP trend chart and full day-by-day history
Subscription Status
Powerica Limited IPO Subscription
Live status, allotment chance and day-wise figures
Allotment Status
Powerica Limited IPO Allotment
Check allotment status and registrar portal link
Powerica Limited IPO - Frequently Asked Questions
9 common questions about this IPO
01.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 14,615.02.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 - see the full GMP history and live trend on the dedicated GMP page.03.What is the subscription status of Powerica Limited IPO?
Powerica Limited IPO is subscribed 1.53x overall so far. See the full day-wise category breakup (Retail, NII, QIB) and the live subscription trend on the dedicated subscription page.04.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 2026-04-05.05.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.06.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.07.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.08.Who are the lead managers of Powerica Limited IPO?
The lead manager(s) of Powerica Limited IPO is/are Axis Capital.09.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.
Check Allotment Status
Check your Powerica Limited IPO allotment status on the registrar website.
R
KFin Technologies
IPO Registrar
Disclaimer
IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.
AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.
GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.
Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.