Powerica IPO Launches Today: Key Details, Analyst Insights, and Market Expectations The initial public offering (IPO) of Powerica commenced on Tuesday, March 24, with shares priced between Rs 375 and Rs 395 per equity share. Investors can apply for a minimum of 37 shares, with subsequent multiples available. The issue will remain open for bidding until Friday, March 27. The Rs 1,100 crore IPO includes a fresh share offering of Rs 700 crore and an offer-for-sale (OFS) of up to 1.01 crore equity shares valued at Rs 400 crore. Proceeds from the fresh issue will be allocated toward debt repayment and general corporate purposes. Based in Mumbai, Powerica is a power solutions provider specializing in diesel generator sets (DG sets) for primary and backup power applications. The company offers a wide range of generator sets, with capacities spanning from 7.5 kVA to 10,000 kVA, tailored to meet the needs of various industries. Ahead of its IPO, Powerica secured Rs 329.40 crore from 17 anchor investors, allocating 83,39,239 equity shares at Rs 395 each. Key investors include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, and others. For the six months ended September 31, 2025, Powerica reported a net profit of Rs 134.55 crore on revenue of Rs 1,474.87 crore. In the financial year 2024-25, the company achieved a net profit of Rs 175.83 crore on revenue of Rs 2,710.93 crore. At current valuations, Powerica’s market capitalization is estimated at nearly Rs 5,000 crore. The IPO reserves 50% of the net offer for qualified institutional bidders (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. A grey market premium of Rs 5 per share has been observed, indicating a potential flat listing for investors.#mufg_intime_india #icici_securities #powerica #iifl_capital_services #nuvama_wealth_management
Sedemac Mechatronics IPO Day 2: Subscription Status and Key Highlights Sedemac Mechatronics’ initial public offering (IPO) entered its second day of subscription on March 5, 2026, with the application window remaining open until March 6. The final allotment of shares is expected on March 9, and the company is set to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on March 11. The IPO is a book-built offering aggregating ₹1,087.45 crore, entirely comprising an offer for sale (OFS) of 0.80 crore shares. The price band for the issue has been set at ₹1,287 to ₹1,352 per share, with a minimum lot size of 11 shares. Retail investors must commit a minimum of ₹14,157 to participate. The lead managers for the IPO are ICICI Securities, Avendus Capital, and Axis Capital, while MUFG Intime India serves as the registrar. The company’s product portfolio includes electronic control units (ECUs) designed for complex systems in real-time applications. These components are critical for managing equipment in industries such as automotive and industrial electronics. Sedemac specializes in sensorless commutation (SLC)-based integrated starter generator (ISG) ECUs for two- and three-wheelers powered by internal combustion engines. It also provides generator controllers (GCs) equipped with integrated electronic governing (eGov) technology. On the second day of subscription, the Grey Market Premium (GMP) for Sedemac Mechatronics shares was reported at ₹60, reflecting a 4.44% premium over the upper end of the price band. This indicates strong investor interest ahead of the final allotment. Sedemac Mechatronics Ltd, based in Pune, was founded in 2007 by Professor Shashikanth Suryanarayanan and former IIT Bombay students.#sedemac_mechatronics #icici_securities #avendus_capital #axis_capital #mufg_intime_india
