Powerica IPO Listing: Portfolio not charged, investors got a big shock, know how much will the listing cost?

Powerica IPO Listing: Powerica shares could not revive the portfolios of IPO investors. Today, the stock got listed at a discount in the domestic market. The IPO received a mixed response from investors, and the portion reserved for each category was not fully subscribed.

Under the IPO, shares were issued at a price of Rs 395. Today, the stock is listed at Rs 375.00 on BSE and Rs 366.00 on NSE. This means that IPO investors did not gain any benefit from the listing. Instead, their capital declined by about 7%.

IPO investors suffered another blow, as the share price continued to fall. Falling further lower, the stock closed at Rs 367.85 (Powerica share price) on BSE, which means IPO investors are making a loss of 6.87% right now. However, the employees are in a slightly better position, as they got their shares at a discount of Rs 37 per share.

How will the funds received from Powerica IPO be used?

Powerica’s Rs 1,100 crore IPO was open for subscription from March 24 to March 27. The IPO received mixed response from investors. Overall, it was subscribed 1.53 times.

Under this, the portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 4.74 times (except the anchor portion) and the portion for Non-Institutional Investors (NIIs) was subscribed 0.47 times. The share of retail investors was subscribed 0.16 times. Employees’ shares were subscribed 1.30 times. Under this IPO, new shares worth Rs 700 crore were issued.

In addition, 10,126,581 shares each of which had a face value of Rs.5. Sold through Offer for Sale (OFS) window. The selling shareholders have received the proceeds from the Offer for Sale.

Meanwhile, Rs 525.00 crore of the funds raised by issuing fresh shares will be used to reduce debt, while the rest of the funds will be allocated for general corporate purposes.

About Powerica

Powerica operates in the business of diesel-powered generator sets. It offers generator sets with capacities ranging from 7.5 kVA to 10,000 kVA. The company is continuously strengthening its position in terms of its financial position.

The company recorded a net profit of Rs 106.45 crore in the financial year 2023. This figure increased to 226.11 crore in the next financial year 2024, then reached 175.83 crore in financial year 2025. During this period, the company’s total income also grew at a compound annual growth rate (CAGR) of more than 5%, reaching Rs 2,710.93 crore.

During the first half (April–September 2025) in respect of the previous financial year 2026, the company achieved a net profit of Rs 134.55 crore and total income of Rs 1,474.87 crore. ​​As at the end of the September 2025 quarter, the company had total debt of Rs 571.95 crore, while its reserves and surplus stood at Rs 1,158.99 crore.

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