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Powerica wins 50 MW wind power project from Gujarat Urja Vikas at ₹3.51/unit tariff
Shares of Powerica Ltd ended at ₹565.80, down by ₹3.45, or 0.61%, on the BSE.
Powerica standalone net profit rises 25.94% in the March 2026 quarter
Sales rise 4.73% to Rs 718.70 crore
SBI Mutual Fund buys 6.60% stake in the newly-listed stock Powerica
SBI Mutual Fund acquired 57,92,485 shares in Powerica during its IPO, raising its stake to 6.60%. This acquisition exceeds the 5% regulatory limit, indicating strong institutional confidence in the company. Powerica IPO was fully subscribed, with a market cap of ₹4,935.52 cr by the end of trading.
Powerica shares see weak debut on exchanges, list at 7% discount
The issue was subscribed 1.53 times overall, led by strong institutional interest. The qualified institutional buyers (QIB) portion was subscribed 4.74 times, while the non-institutional investor (NII) segment saw 47% subscription. The retail portion was subscribed 16%
Will the Powerica rally stay on track?
Strong genset franchise, renewable optionality, and deleveraging support further upside despite the sharp post-listing rally
Does the rise of Kirloskar Oil Engine pose a threat to Powerica’s stock rally?
There are competitive concerns, but long-term investment case is intact