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Powerica IPO Review

Powerica IPO has been reviewed by 15 analysts, and the overall consensus is Apply — carrying a score of 71. Out of the 15 analysts who have covered this IPO, 6 recommend subscribing while 9 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹375-395 per share, with a minimum application size of 37 shares (minimum investment of approximately ₹14,615 at the upper band). Subscription ran from 24 Mar 2026 to 27 Mar 2026. The issue size is ₹1,100 crore, entirely an offer for sale — the company receives none of the proceeds. As of now, the grey market premium (GMP) for Powerica IPO is quoting at ₹8 (2%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
71/ 100
Apply 6 of 15 recommend subscribing
How analysts voted
Apply 6
May apply 5
Neutral 3
Avoid 1
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Powerica supplies and services diesel generating sets and related power solutions. Revenue was ₹2,710.93 crore in FY25 and ₹1,474.87 crore for the half year to September 2025. Coverage was broad but hesitant: six of the seventeen analysts said subscribe, five advised caution, three stayed neutral and one said avoid.

Listing gains

The notes value the issue between about 18.6 and 28 times, the spread depending on whether annualised September 2025 earnings or full-year FY25 numbers are used, on a market cap near ₹4,999 crore. Most describe it as fair or reasonable against peers rather than cheap, pointing to a moderate listing.

Short-term strategy

The recurring concern is growth. Revenue and EBITDA grew at only about 5.6 percent and 2 percent CAGR over FY23 to FY25, and EBITDA slipped from ₹362.45 crore in FY24 to ₹345.66 crore in FY25. Fresh money repays borrowings, which should ease interest cost.

Long-term strategy

The cautious ratings centre on concentration, which several notes flag as the main long-term risk. Against that, annualised half-year earnings ran well ahead of the FY25 figure, suggesting momentum had improved. Whether that step-up holds is what separates the subscribe ratings from the cautious ones.

How this is written: an AI-assisted summary of the 17 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Powerica IPO?

The analyst consensus for Powerica IPO tracked on this page is Apply, with a score of 71/100. Out of 15 analysts who have reviewed this IPO, 6 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 71 mean for Powerica IPO?

The score of 71 is an aggregate of all analyst ratings tracked for Powerica IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Powerica IPO?

Powerica IPO listed on April 2, 2026 at ₹366, against the issue price of ₹395 — a loss of -7.34% (₹29 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Powerica IPO?

Powerica IPO was priced at ₹375-395 per share. The minimum lot size is 37 shares, making the minimum investment approximately ₹14,615 at the upper end of the price band. Subscription ran from 24 Mar 2026 to 27 Mar 2026.

Explore Powerica IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Powerica IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
71 / 100
Listed at
₹366
Full IPO details