The IPO appears reasonably priced compared with industry valuation levels.
Dependence on generator set business
Reliance on Cummins India and suppliers
Inconsistent financial performance
Regulatory risks
Competitive industry
Supply chain risks
Who Should Consider This IPO
Investors interested in energy infrastructure companies
Investors seeking exposure to power generation sector
Investors with moderate risk tolerance
Should You Invest in Powerica IPO?
Powerica operates in India's expanding energy infrastructure sector and offers integrated power solutions along with wind power generation. However, inconsistent financial performance and operational risks suggest investors should evaluate the opportunity cautiously.
Our Final View – Cautious
Powerica operates in a growing energy infrastructure market supported by rising power demand and government initiatives such as Make in India. While opportunities exist, business risks remain. Investors may approach the IPO cautiously.
Frequently Asked Questions (FAQs)
What is the lot size of Powerica IPO?
The minimum lot size is 37 shares.
What is the price band?
The price band is ₹375 to ₹395 per equity share.
Is the IPO reasonably priced?
Yes, compared with industry valuations, the issue appears reasonably priced.
Brief Financials
| PARTICULARS |
₹ in Million |
As at
Dec 30, 2025 |
FY ‘25 |
FY ‘24 |
FY ‘23 |
| Total Income |
1,474.87 |
2,710.93 |
2,356.77 |
2,422.42 |
| Total Expenditure |
1,300.00 |
2,465.30 |
2,016.04 |
2,222.38 |
| EBITDA |
220.42 |
345.66 |
362.45 |
333.21 |
| Profit/(Loss) before Tax |
181.55 |
254.66 |
340.71 |
185.85 |
| Profit/(Loss) after Tax |
134.55 |
175.83 |
226.11 |
106.45 |
| E.P.S. (Diluted) |
11.74* |
15.26 |
18.46 |
6.32 |
| P/E (x) (Diluted) |
- |
25 |
- |
- |
| RONW (%) |
10.62%* |
15.37% |
24.80% |
13.40% |
*Not Annualised
PRICE CHART (@ ₹ 395) (Retail Category)
| LOT SIZE |
| Amount |
| 37 |
14,615 |
| 74 |
29,230 |
| 111 |
43,845 |
| 148 |
58,460 |
| 185 |
73,075 |
| 222 |
87,690 |
| 259 |
102,305 |
| 296 |
116,920 |
| 333 |
131,535 |
| 370 |
146,150 |
| 407 |
160,765 |
| 444 |
175,380 |
| 481 |
189,995 |
HNI Payment Chart
| Category |
| No. of Shares |
Minimum Bid Lot Amount (Rs.) |
| Small HNI |
518 |
204,610 |
| Big HNI |
2,553 |
1,008,435 |
Indicative Time Table
| Tentative Events |
| Indicative Dates |
| Finalisation of Basis of Allotment with the Designated Stock Exchange |
30/3/2026 |
| Initiation of refunds/unblocking ASBA Fund |
1/4/2026 |
| Credit of Equity Shares to demat accounts of Allottees |
1/4/2026 |
| Commencement of trading of the Equity Shares on the Stock Exchanges |
2/4/2026 |
Disclaimer:
The content provided in this blog is for informational and educational purposes only and should not be construed as investment, legal, or tax advice. While Sushil Finance makes reasonable efforts to ensure accuracy and reliability of the information, we do not guarantee its completeness or timeliness. Readers are advised to consult with their financial advisor before making any investment decisions. Sushil Finance shall not be held responsible for any direct or indirect loss arising from use of this content. Investments in securities are subject to market risks. Read all scheme-related documents carefully before investing.
