Powerica, Mumbai-based diesel generator company, gets SEBI approval for ₹1,400 crore IPO. With strong manufacturing, distribution, and diversified industry presence, the company aims to fuel growth and investor interest.
Mumbai’s Powerica IPO Set To Energise Markets: What Investors Should Know Before The Launch
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Powerica Gets SEBI Approval For IPO
Powerica, based in Mumbai, has overcome a significant obstacle as SEBI has given the company permission to go ahead with the initial public offering (IPO) of up to ₹1,400 crore. For the record, the company had submitted its draft documents on August 8, 2025.
So, what are the details? The public offering consists of ₹700 crore fresh equity, which is half of the issue, and the other ₹700 crore will be sold by the promoters, Naresh Oberoi Family Trust and the Kabir and Kimaya Family Private Trust. Apart from the company’s existing debts, ₹525 crore will be used for that, and the rest will be for general corporate needs.
Also, if you are anxious to see the shares, they will be available on BSE and NSE. The big names managing this IPO include ICICI Securities, IIFL Capital, Nuvama Wealth, with MUFG Intime India as the registrar. Exciting times ahead for investors!
