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Powerica IPO: ₹1,100 Cr Boost for Data Centers & EVs
19 Mar
Summary
- Powerica aims to raise ₹1,100 crore via IPO for growth.
- Company sees surging demand from data centers and EV charging.
- IPO proceeds will partly repay ₹1,214 crore debt.
Powerica Limited, a prominent integrated power solutions provider, is set to launch its maiden Initial Public Offering (IPO) to raise ₹1,100 crore. The company reported robust sales of 7,689 diesel generator (DG) sets in FY25, underscoring the critical need for consistent power across India.
The IPO proceeds are earmarked for expansion into high-demand sectors like data centers and electric vehicle (EV) charging infrastructure. Despite India's clean energy push, uninterrupted power remains vital, with data center capacity projected to grow significantly and EV charging demand set to triple by FY30.
Powerica, which has a four-decade partnership with Cummins India Limited, plans to allocate a substantial part of the IPO funds to reduce its outstanding borrowings, which stood at ₹1,214.25 crore as of February 2026. The company is also diversifying into renewable energy, operating wind projects in Gujarat.
The company's manufacturing facilities are located in Bengaluru, Silvassa, and Khopoli, supported by a wide network of sales offices and dealers. In FY25, Powerica recorded revenues of ₹2,653.27 crore and a net profit of ₹175.83 crore.
