Powerica Limited IPO
Power / Energy - Powerica Limited is a leading power generation company with operations across thermal and renewable energy
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
+Rs 1
+0.25% premium
Est. Listing Price
GMP BasedRs 396
Issue Price + GMP (Dynamic)
Est. Profit (1 Lot)
GMP Based+Rs 37
+0.3% (37 shares)
Subscription
1.53x
Final
Range: 0% to 2.8%
Confidence: Moderate - 52%
Confidence Score - 52%
Issue Details
Total Issue Size
Rs 11 Cr
Price Band
Rs 375 - 395
Fresh Issue vs OFS
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
FY23
Rs 820 Cr
FY24
Rs 1050 Cr
FY25
Rs 1280 Cr
Other Financial Metrics
EBITDA (FY25)
Rs 235 Cr
ROE
16.5%
Return on Equity
ROCE
14.8%
Return on Capital
Debt/Equity
0.72
Moderate Debt
2-Year CAGR
P/E Ratio
28.4x
At upper band
Market Cap
~4,200 Cr
Post issue
MARKET SENTIMENT SCORE
Based on expert reviews, GMP trends & market signals
Expert Reviews & Opinions
By CNBC Markets
Fairly valued power sector IPO. Moderate returns expected. Good for conservative investors.
By MOSL Research
Neutral rating. Power sector facing headwinds. Subscribe only for long term portfolio.
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| Company | Market Cap | Revenue | PAT | P/E | P/B | ROE |
|---|---|---|---|---|---|---|
PW 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 |
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.
Check Allotment Status
Check your Powerica Limited IPO allotment status on the registrar website.
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.