Powerica Limited IPO Review
Neutral375-395 · Mainboard
✦
Analyst Verdict
Powerica Limited IPO
Neutral
IPO at a Glance
Price Band
375-395
Issue Size
1100cr
Min. Investment
₹14,615
Opens
2026-03-22
Closes
2026-03-25
Listing
2026-03-31
Category
Mainboard
Key Strengths
✓Integrated power solutions provider with offerings across DG sets and renewable energy.
✓Wide product range catering to diverse industrial and commercial power needs.
✓Established presence in both conventional and renewable energy segments.
✓Diversified capabilities, including EPC and O&M services in wind power.
✓Long operating history with experience in power generation and equipment solutions.
Key Risks
⚠Heavy dependence on the generator set business for the majority of revenue.
⚠Reliance on key suppliers like Cummins and Hyundai for critical components.
⚠Wind power business depends on OEM relationships and operational performance.
⚠Exposure to risks from power purchase agreements and land lease dependencies.
⚠Ongoing legal proceedings involving promoters and the company may impact operations.
Frequently Asked Questions
Should I apply for Powerica Limited IPO?
Based on our analysis, our rating for Powerica Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Powerica Limited IPO?
Heavy dependence on the generator set business for the majority of revenue. Reliance on key suppliers like Cummins and Hyundai for critical components. Wind power business depends on OEM relationships and operational performance.
What are the strengths of Powerica Limited IPO?
Integrated power solutions provider with offerings across DG sets and renewable energy. Wide product range catering to diverse industrial and commercial power needs. Established presence in both conventional and renewable energy segments.
What is the price band of Powerica Limited IPO?
The price band for Powerica Limited IPO is 375-395. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more