Description

NSE notifies listing of Powerica Limited equity shares on the Capital Market segment effective April 02, 2026, with an issue price of Rs. 395 per share and 126,551,877 total securities.

Summary

NSE has notified the listing of equity shares of Powerica Limited (Symbol: POWERICA) on the Capital Market segment, effective April 02, 2026. The IPO was priced at Rs. 395 per share with a face value of Rs. 5 each. A total of 126,551,877 equity shares are admitted to dealings, with market lot size of 1. The securities will participate in the pre-open session for IPO and Other category scrips.

Key Points

  • Symbol: POWERICA, Series: EQ, ISIN: INE921L01032
  • Issue price: Rs. 395 per share; Face value: Rs. 5 per share
  • Total securities listed: 126,551,877 equity shares fully paid up
  • Market lot size: 1 share
  • Listing effective from: April 02, 2026
  • Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Company Secretary & Compliance Officer: Ms. Anita Praful Renuse
  • Note: 1,08,85,779 equity shares were cancelled pursuant to buyback of shares and scheme of amalgamation

Regulatory Changes

No new regulatory changes introduced. Listing is in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot sizes
  • SEBI circular nos. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 — pre-open session applicability

Compliance Requirements

  • NSE members must use designated security codes (POWERICA) and specified lot sizes for trading
  • Trading must observe lock-in restrictions as per Annexure I for applicable tranches
  • Members are required to note the inclusion of POWERICA in the pre-open session for IPO and Other category scrips

Important Dates

  • Circular Date: April 01, 2026
  • Effective Date of Listing: April 02, 2026
  • Financial Year: April 2026 – March 2027
  • Lock-in periods (selected tranches):
    • 4,169,614 shares locked until April 28, 2026
    • 4,169,625 shares locked until June 27, 2026
    • 1,012,658 shares locked until September 29, 2026
    • 15,929,154 shares locked until March 30, 2027
    • 137,957 shares locked until March 30, 2029
    • 56,434,811 shares locked until March 30, 2027
    • 25,173,043 shares locked until March 30, 2029
    • 1,787,342 shares and 17,726,477 shares are free of lock-in

Impact Assessment

The listing of Powerica Limited is a significant market event given the large number of shares (126.5 million) entering the Capital Market segment. The IPO price of Rs. 395 at a face value of Rs. 5 implies a substantial premium. A significant portion of shares carry lock-in restrictions extending up to March 2029, which limits near-term selling pressure from promoters and pre-IPO investors. The inclusion in the pre-open session ensures price discovery before regular market hours on listing day. Market participants and NSE members should be prepared for potentially high volatility on April 02, 2026, typical of IPO listing days.

Impact Justification

New IPO listing on NSE with 126.5 million shares at Rs. 395 issue price; affects investors, members, and market participants from April 02, 2026.