Mumbai-Based Powerica Files IPO Draft to Raise ₹1,400 Crore
Mumbai-based Powerica Ltd has filed its draft papers with Sebi to raise ₹1,400 crore through an initial public offering (IPO). The funds will be used to pay off loans and for general corporate purposes.
IpoPowericaSebiStock MarketPower SolutionsReal Estate MumbaiAug 11, 2025
Powerica is offering a book-built public issue comprising a fresh issue of equity shares up to ₹700 crore with a face value of ₹5 apiece. Additionally, there is an offer for sale (OFS) component of shares up to ₹490 crore by the Naresh Oberoi Family Trust, and ₹210 crore by the Kabir and Kimaya Family Private Trust, the promoter selling stakeholder of the public issue.
According to the company disclosure, ₹525 crore of the proceeds from the public issue will be used to pay off certain loans taken by the firm, while the rest of the funds will be utilized for general corporate purposes. The company also may consider a pre-IPO placement of ₹140 crore, which, if it goes through, will reduce the fresh issue component size accordingly.
The company's draft papers showed that Powerica will allot not more than 50% of the offer to the qualified institutional buyers (QIBs), not more than 15% to the non-institutional investors (NIIs), and 35% will be allocated to the retail investors.
Powerica Ltd. is a power solutions provider incorporated in 1994. The company is involved in the generator set business, providing end-to-end power solutions in standby and prime power applications. It has a diverse client base across various sectors, including commercial (hospitality, healthcare, banking, education, residential and other real estate), infrastructure (retail infrastructure, logistics, railways and metros), manufacturing (industrial, process industries, dairy), agriculture (including cold storage and aquaculture), information technology/data centres, government and defense, and rentals.
The company owns and operates three manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Frequently Asked Questions
What is Powerica Ltd planning to do with the funds raised from the IPO?
Powerica Ltd plans to use ₹525 crore of the proceeds from the public issue to pay off certain loans and the rest for general corporate purposes.
Who are the promoter selling stakeholders of the Powerica IPO?
The promoter selling stakeholders of the Powerica IPO are the Naresh Oberoi Family Trust and the Kabir and Kimaya Family Private Trust.
How much of the IPO offer will be allocated to retail investors?
35% of the IPO offer will be allocated to retail investors.
What sectors does Powerica Ltd serve?
Powerica Ltd serves various sectors including commercial, infrastructure, manufacturing, agriculture, information technology/data centres, government and defense, and rentals.
Where are Powerica Ltd's manufacturing facilities located?
Powerica Ltd's manufacturing facilities are located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
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