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Learn about Powerica Limited’s IPO updates, issue structure, business overview, financial highlights, and key regulatory milestones in its public offering journey.
Powerica Limited, an integrated power solutions provider focused on diesel generator sets, medium-speed large generators and wind power assets, has filed an Addendum to its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed ₹1,400 crore initial public offering.
Powerica Limited first filed its DRHP with SEBI in August 2025, received SEBI observations enabling the company to proceed with the IPO and subsequently filed an Addendum to DRHP on January 29, 2026, updating certain disclosures ahead of the public issue launch. The IPO comprises a combination of a fresh issue and an offer for sale (OFS), and the equity shares are proposed to be listed on the NSE and BSE, subject to regulatory and listing approvals.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
The Powerica Limited IPO filing was initiated in August 2025 when the company submitted its Draft Red Herring Prospectus (DRHP) to SEBI for a book-built issue aggregating up to ₹1,400 crore.
| Particulars | Details |
|---|---|
Issue Type |
Book-built IPO (Fresh Issue + Offer for Sale) |
Fresh Issue |
Up to ₹700 crore |
Offer for Sale (OFS) |
Up to ₹700 crore by existing shareholders |
Total Issue Size |
Up to ₹1,400 crore |
Face Value |
To be disclosed in RHP |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Incorporated in 1984, Powerica Limited is an integrated power solutions provider operating across two key business verticals:
Generator set solutions – Manufacturing, assembly, installation and servicing of high-speed diesel generator (DG) sets and medium-speed large generators (MSLG).
Wind power business – Independent power producer (IPP) activities along with EPC and operations & maintenance services for wind projects.
The company serves customers across industrial, infrastructure, commercial, IT/ITES, healthcare and data centre sectors. It operates manufacturing facilities at:
Bengaluru (Karnataka)
Silvassa (Dadra & Nagar Haveli)
Khopoli (Maharashtra)
Generator set operations contribute the majority of its revenue, while wind power forms a smaller but strategic part of its portfolio.
As disclosed in the DRHP and reiterated in public summaries, the net proceeds from the fresh issue of ₹700 crore are proposed to be utilised as follows:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Repayment / Prepayment of Borrowings |
525 |
Reduction of outstanding loans, lowering interest burden and improving leverage |
General Corporate Purposes |
Balance |
Working capital, business expansion, strategic initiatives and other corporate requirements |
The OFS component of ₹700 crore will provide liquidity and partial exit to existing shareholders and will not result in fresh capital inflow to the company.
As of July 2025, the company had significant outstanding borrowings, making debt reduction a key objective of the issue.
The company’s recent financial performance provides context on its operational scale, revenue trajectory, and profitability trends ahead of the proposed public issue.
Below is a simplified snapshot of recent consolidated financial performance based on disclosures referenced in the DRHP and related public sources:
| Fiscal Year | Revenue from Operations (₹ Cr) | PAT (₹ Cr) | Notes |
|---|---|---|---|
FY2024 |
2,210.00 |
226.11 |
Strong profitability prior to IPO filing |
FY2025 |
2,653 |
176 |
Revenue up ~20%; PAT moderated year-on-year |
Revenue grew by approximately 20% between FY2024 and FY2025. However, profit after tax declined during the same period, indicating margin pressures and/or higher finance and operational costs.
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The Powerica Limited IPO update reflects the following key milestones in its journey toward listing:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
August 2025 |
Book-built IPO proposed for ₹1,400 crore |
SEBI approval received |
November 26, 2025 |
Approval valid for 12 months from observation date |
Addendum to DRHP filed |
January 29, 2026 |
Updated disclosures filed with SEBI |
Filing of RHP |
To be announced |
Final price band, lot size and issue dates to be disclosed |
IPO Opening Date |
Not yet announced |
To be declared post RHP filing |
IPO Closing Date |
To be announced |
Will be notified along with bidding schedule |
Listing on NSE/BSE |
To be announced |
Subject to completion of allotment and listing formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about company’s IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Powerica Limited IPO filed with SEBI in August 2025 for a proposed ₹1,400 crore book-built issue.
The Addendum to DRHP was filed on January 29, 2026, updating certain disclosures in the original draft prospectus.
The IPO comprises:
The primary objective is to reduce debt through repayment/prepayment of borrowings (₹525 crore from fresh issue proceeds), with the balance allocated toward general corporate purposes.
Revenue increased from ₹2,210 crore in FY2024 to ₹2,653 crore in FY2025, while PAT declined from ₹226.11 crore to ₹175.83 crore over the same period. Detailed financial statements are available in the DRHP and addendum.
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