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15 Days Price Change

Powerica IPO

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Profile
Issue Size 811.93 Cr
Profile
Price Range 375  to  395 per share
Profile
Min Investment ₹395
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Lot Size 1
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Face Value ₹5
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are an integrated power solutions provider specializing in diesel generator sets (“DG sets”), for both primary and standby applications. As one of the original equipment manufacturers (“OEMs”) for Cummins India Limited (“Cummins India”, along with its affiliates, “Cummins”), we have maintained a relationship with them for over four decades. We commenced our DG sets business in 1984, and subsequently expanded our generator set portfolio to include medium speed large generators (“MSLG”) in 1996. We continue to develop this segment through a collaboration with HD Hyundai Heavy Industries Co., Limited (“Hyundai”), on a non-exclusive basis. By integrating our DG set and MSLG offerings, we provide a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications. As of the date of this Draft Red Herring Prospectus, our generator set business comprises of DG sets powered by Cummins engines, MSLG offerings in collaboration with Hyundai, and certain allied business activities (“Generator Set Business”). Read More

Basic Info

Face Value 5 per share

Price 375  to  395 per share

P/E (x) 25.8

Sales( Cr.) 2653

PAT( Cr.) 176

EPS 15.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Ram Agarwal Naresh Chander Oberoi Sonu Ram Agarwal Bharat Oberoi Vikas Shyamsunder Agarwal. Renu Naresh Oberoi Jai Ram Oberoi Naresh Oberoi Family Trust Bharat Oberoi Family Trust Kabir Kimaya Family Pvt Trust

Pre Issue Share Holding 99.99%

Post Issue Share Holding 77.18%

Listing Details:

Listing Price: 375

Listing Gain: -5.33%

Current Price: 551.5

Gain On Issue: 551.5 | 0%

GMP: 7

GMP %: 1.8 %

IPO Tentative Timetable

Opening Date Mar 24, 2026
Closing Date Mar 27, 2026
Allotment Mar 30, 2026
Refund Mar 31, 2026
Delivery of Shares Mar 31, 2026
Listing Date Apr 01, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 37 14,615
Retail (Max) 13 481 189,995
S-HNI (Min) 14 518 204,610
S-HNI (Max) 68 2516 993,820
B-HNI (Min) 69 2553 1,008,435

Objective of the Issue

1. Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 5856000 26346331 4.5x
NII 4392000 1941390 0.4x
Retail 10248000 1497242 0.1x
EMP 59171 72853 1.2x
Total 20555171 29857816 1.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Powerica Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1157 1023 1200 1307 1238 2378 2210 2653
Other Income 29 33 19 35 33 44 147 58
Total Income 1186 1056 1219 1342 1270 2422 2357 2711
Total Expenditure 1024 875 1006 1101 1058 2031 1848 2317
Operating Profit 162 181 213 241 212 392 509 394
Interest 8 20 26 22 10 56 41 32
Depreciation 92 90 99 89 89 136 128 116
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 62 71 88 129 113 186 341 255
Provision for Tax 16 -3 21 9 14 79 115 79
Profit After Tax 46 73 67 121 99 106 226 176
Adjustments 0 0 0 0 -0 0 0 -9
Profit After Adjustments 46 73 67 121 99 106 226 167
Adjusted Earnings Per Share 0.2 0.4 0.4 0.8 0.7 8 20.8 15.3

Powerica Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 816 762 779 833 933 795 912 1085
Minority's Interest 0 0 0 0 0 0 -0 9
Borrowings 250 281 98 40 17 56 136 236
Other Non-Current Liabilities 134 120 106 57 45 148 197 245
Total Current Liabilities 262 283 491 434 273 1128 840 841
Total Liabilities 1462 1446 1475 1365 1269 2126 2085 2415
Fixed Assets 615 823 738 753 674 1091 951 865
Other Non-Current Assets 243 118 237 162 155 97 95 425
Total Current Assets 604 505 499 450 440 938 1039 1124
Total Assets 1462 1446 1475 1365 1269 2126 2085 2415

Powerica Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 139 19 30 15 39 30 23 25
Cash Flow from Operating Activities 247 95 183 186 118 238 283 256
Cash Flow from Investing Activities -370 23 -78 30 0 -80 -14 -346
Cash Flow from Financing Activities 2 -107 -119 -192 -150 -165 -268 86
Net Cash Inflow / Outflow -121 11 -14 24 -32 -6 2 -4
Closing Cash & Cash Equivalent 19 30 17 39 7 23 25 21

Powerica Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.24 0.43 0.4 0.79 0.65 7.97 20.8 15.33
CEPS(Rs) 0.74 0.97 0.99 1.38 1.24 18.11 32.55 26.86
DPS(Rs) 0.1 0.15 0.25 0 0 0 0 0
Book NAV/Share(Rs) 4.36 4.52 4.62 5.47 6.12 59.47 83.85 99.68
Core EBITDA Margin(%) 10.57 13.41 15 14.64 14.2 14.61 16.4 12.69
EBIT Margin(%) 5.56 8.27 8.77 10.78 9.75 10.17 17.25 10.81
Pre Tax Margin(%) 4.9 6.43 6.8 9.2 8.95 7.81 15.42 9.6
PAT Margin (%) 3.63 6.66 5.19 8.59 7.87 4.48 10.23 6.63
Cash Profit Margin (%) 10.94 14.82 12.84 14.93 14.91 10.17 16.02 11.02
ROA(%) 3.93 5.03 4.61 8.51 7.55 6.27 10.74 7.82
ROE(%) 6.46 9.27 8.75 14.99 11.26 12.32 26.49 17.61
ROCE(%) 8.12 8.12 10.46 14.45 12.2 23.44 35.25 23.18
Receivable days 33.05 42.96 42.53 44.44 52.57 34.74 47.96 49.37
Inventory Days 21.77 38.99 35.9 29.6 32.55 24.4 39.05 32.77
Payable days 51.18 56.6 60.83 58.84 61.07 44.23 68.63 57.21
PER(x) 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.26 0.32 0.23 0.13 0.05 0.11 0.07 0.1
EV/Core EBITDA(x) 1.85 1.8 1.31 0.68 0.27 0.68 0.31 0.69
Net Sales Growth(%) 40.78 -11.6 17.38 8.89 -5.31 92.15 -7.07 20.06
EBIT Growth(%) -50.97 29.62 25.48 32.99 -18.72 96.31 57.63 -24.76
PAT Growth(%) -56.54 60.13 -7.88 79.28 -17.7 7.06 112.41 -22.24
EPS Growth(%) -56.55 77.91 -7.88 98.27 -17.69 1120.93 161.02 -26.28
Debt/Equity(x) 0.38 0.46 0.37 0.24 0.06 0.35 0.19 0.28
Current Ratio(x) 2.3 1.79 1.02 1.04 1.61 0.83 1.24 1.34
Quick Ratio(x) 1.94 1.3 0.78 0.78 1.19 0.65 0.92 1.09
Interest Cover(x) 8.37 4.5 4.45 6.83 12.16 4.32 9.41 8.91
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 29% 17% 0%
Operating Profit CAGR -23% 23% 13% 0%
PAT CAGR -22% 21% 21% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 18% 19% 17% 13%
ROCE Average 23% 27% 22% 17%

Company Contact Information

Powerica Ltd.

Anita Praful Renuse

022 - 43152525

investorrelations@powericaltd.com

9th Floor, Bakhtawar Nariman Point

IPO Lead Manager(s)

Powerica Ltd.

ICICI Securities Ltd

IIFL Holdings Ltd.

Nuvama Wealth Management Ltd.

Registrar Info

Powerica Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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