Powerica IPO: Anchor Investors Commit Rs 329 Crore Ahead of Public Offering Powerica Ltd has secured Rs 329.40 crore from anchor investors ahead of its Rs 1,100 crore initial public offering (IPO), which is set to open for subscription on March 24. The company finalized the allocation of 83,39,239 equity shares to institutional investors at Rs 395 per share, according to a circular uploaded on the BSE website. The shares were allocated to entities such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Quant Mutual Fund, Bandhan Mutual Fund, and insurance companies including Kotak Life, Edelweiss Life, and Reliance Nippon Life. The IPO, which is the company’s maiden public offering, is priced between Rs 375 and Rs 395 per share, valuing Powerica at nearly Rs 5,000 crore. The offering combines a fresh issue of Rs 700 crore and an Offer For Sale (OFS) of Rs 300 crore from promoters. The OFS size was reduced from the initial Rs 700 crore proposed in August 2025, bringing the total IPO size down to Rs 1,000 crore. Under the OFS, the Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust will offload shares. Of the fresh issue, Rs 525 crore will be used to reduce the company’s debt, with the remainder allocated for general corporate purposes. Powerica’s total borrowings stood at Rs 571.95 crore as of September 30, 2025, as per the red herring prospectus. This marks the company’s second attempt to go public. In 2019, Powerica had filed draft papers with the Securities and Exchange Board of India (SEBI) for an IPO, but the plan was shelved. The company is set to debut on the stock market on April 2. Powerica is an integrated power solutions provider specializing in diesel generator sets (DG sets), medium-speed large generators (MSLG), and related services.#sbi_mutual_fund #powerica_ltd #hdfc_mutual_fund #icici_prudential_mutual_fund #quant_mutual_fund
