Mumbai: Powerica Limited, which is integrated power solutions provider specializing in diesel generator sets (DG sets), for both primary and standby applications, has garnered ₹ 329.40 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, March 24, 2026.

The Company informed the bourses that it allocated 83,39,239 equity shares at ₹ 395 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, Bandhan Mutual Fund, Ashoka Whiteoak, ITI Mutual Fund and Bank of India Mutual Fund. Further, participation was also seen from life insurance companies such as Kotak Mahindra Life Insurance, Edelweiss Life Insurance and Reliance Nippon Life Insurance.

Out of the total allocation of 83,39,239 equity shares to the anchor investors, 69,87,314 equity shares were allocated to 8 domestic mutual funds which applied through 11 schemes.

ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.