• IPO structure: Powerica's ₹1,100 crore IPO comprises a ₹700 crore fresh issue and a ₹400 crore offer-for-sale at a price band of ₹375–₹395 per share, leaving promoter holding at approximately 77.4% post-listing.
• Debt repayment plan: The company plans to deploy ₹525 crore of the issue proceeds to repay most of its ₹571.95 crore gross debt, which management expects will add approximately ₹30 crore to net profit after tax savings.
• Equipment manufacturing model: Sourcing engines and alternators comprising 59–63% of DG sets exclusively from Cummins—and Hyundai for large 3–10 MW generators—Powerica manufactures the remaining 40% balance of plant and retains direct end-to-end customer relationships.
• Renewable energy expansion: The company is commissioning 100 MW of wind power by July 2026 and has formed a joint partnership with GE Vernova for a 2 GW pipeline, securing exclusivity for balance-of-plant execution.
• Capital efficiency gains: Return on capital employed has increased from around 12% a decade ago to a three-year average of 19.5%, driven by scaling wind assets to 330 MW and expanding into large generators and allied control panel businesses.