Upcoming IPO: Mumbai-based energy options supplier, Powerica Ltd, filed its preliminary draft papers with the capital markets regulator, the Securities and Trade Board of India (Sebi), on Monday, 11 August 2025. The corporate goals to lift ₹1,400 crore from the Indian inventory market by way of the general public challenge.
Powerica IPO Particulars
Powerica is providing a book-built public challenge comprising a contemporary challenge of fairness shares as much as ₹700 crore with a face worth of ₹5 apiece, together with a proposal on the market (OFS) element of shares as much as ₹490 crore by Naresh Oberoi Household Belief, and ₹210 crore by Kabir and Kimaya Household Non-public Belief, the promoter promoting stakeholder of the general public challenge.
Based on the corporate disclosure, the ₹525 crore of the proceeds from the general public challenge will probably be used to repay sure loans taken by the agency, whereas the remainder of the funds will probably be utilised for normal company functions.
The corporate additionally could contemplate a pre-IPO placement of ₹140 crore, if this goes by way of then the contemporary challenge element dimension will probably be lowered accordingly.
The corporate’s draft papers confirmed that Powerica will allot no more than 50% of the supply to the certified institutional consumers (QIBs), no more than 15% to the non-institutional traders (NIIs), and 35% will probably be allotted to the retail traders.
About Powerica
Powerica Ltd. is an influence options supplier integrated in 1994. The corporate is concerned within the generator set enterprise, offering end-to-end energy options in standby and prime energy purposes.
The corporate has shoppers in numerous sectors together with business (hospitality, healthcare, banking and monetary providers business – banks, training, residential and different actual property), infrastructure (retail infrastructure, logistics, railways and metros), manufacturing (industrial, course of industries, dairy), agriculture (together with chilly storage and aquaculture), data expertise/information centres, authorities and protection, and leases, based on the official information.
The corporate owns and operates three manufacturing services positioned in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
Learn tales by Anubhav Mukherjee
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