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Compressors, Pumps & Diesel Engines
Powerica Limited IPO
₹1100 Cr · Fresh Issue & OFS · Compressors, Pumps & Diesel Engines
Price Band
₹375 – ₹395
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹1100 Cr
Fresh Issue & OFS
Market Cap
₹4988.60 Cr
At upper band
P/E Ratio
28.4x
P/S: 1.9x
Listing Date
02 Apr 2026
BSE & NSE
IPO Timeline
✓
Opens
24 Mar 2026
✓
Closes
27 Mar 2026
✓
Allotment
30 Mar 2026
✓
Refund
31 Mar 2026
✓
Listing
02 Apr 2026
IPO India Hub Recommendation: Subscribe
We recommend subscribing to the IPO because the company’s scale and diversified product line provide a solid earnings base. However, the relatively high valuation means that a slowdown in industrial demand could erode returns, so investors should be comfortable with that risk.
Our Analysis — Key Points
✓ Strength
Strong market position in compressors segment
The company holds a leading position in the Indian compressors market, supported by a strong brand and wide service network. Its revenue of over ₹2,650 crore shows the scale of its operations.
✓ Strength
Diversified product mix drives growth opportunities
It offers a range of compressors, pumps and diesel engines, which spreads demand risk across multiple industrial cycles. This diversification helps the company capture growth in infrastructure and power sectors.
⚠ Risk
High valuation relative to earnings multiple
The issue is priced at a P/E of around 28.4x, which is higher than many peers and leaves limited upside if earnings slow. Any slowdown in capital spending by key end‑users could pressure margins and the share price.
$ Valuation
Valuation appears premium but justified currently
The company trades at a price‑to‑earnings multiple of 28.4× and a price‑to‑sales multiple of 1.9×. While the P/S ratio is modest, the P/E suggests a premium that investors should weigh against growth prospects.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Powerica Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹2653.27 Cr
Net Profit
₹175.83 Cr
Industry
Compressors, Pumps & Diesel Engines
Issue Type
Fresh Issue & OFS
Promoters
BHARAT OBEROI, RENU NARESH OBEROI, JAI RAM OBEROI, NARESH OBEROI FAMILY TRUST, BHARAT OBEROI FAMILY TRUST AND KABIR AND KIMAYA FAMILY PRIVATE TRUST
Lead Managers
ICICI Securities, IIFL Capital and Nuvama Wealth Management
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