• Price band of Rs 375  – Rs 395 per Equity Share bearing face value of Rs 5 each (“Equity Shares”)
  • Bid/Offer Opening Date – Tuesday, March 24, 2026 and Bid/Offer Closing Date – Friday, March 27, 2026.
  • Minimum Bid Lot is 37 Equity Shares and in multiples of 37 Equity Shares thereafter

Mumbai: Powerica Limited (the “Company”)a leading manufacturer of Cummins Diesel and Gas Generators in India. Over the last 41 years, we have been manufacturing and servicing DG Sets for all sectors of the economy has fixed the price band of Rs 375 to Rs 395 per Equity Share of face value Rs 5/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, March 24, 2026, for subscription and close on Friday, March 27 2026.

Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.

The IPO is a fresh issue up to Rs 700 crore and an offer-for-sale for up to  Rs 400 crore by promoters – Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust.

As of the date of the Red Herring Prospectus, the Company operates three manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.

ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management Limited are the book-running lead managers, and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the offer.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.