Powerica Shares Debut Weakly, List at 7% Discount Despite Healthy IPO Subscription

• Powerica shares listed at a 7.34% discount on NSE (₹366) and 5% discount on BSE (₹375) on April 2.
• The ₹1,100 crore IPO, open from March 24-27, saw an overall subscription of 1.53 times, driven by QIBs.
• The company's market capitalization post-listing stood at ₹4,745.70 crore.
• Powerica plans to use ₹525 crore from the fresh issue for debt repayment; total borrowings were ₹1,214.25 crore.
• The company, known for generator sets, reported a profit of ₹129 crore on ₹1,447.44 crore revenue for H1 FY26.