New Delhi, April 7 -- SBI Mutual Fund acquired 57,92,485 shares (a 4.58% ownership) in Powerica during its initial public offering (IPO) on April 01, 2026, bringing its total stake to 83,49,444 shares, which accounts for 6.60% of the paid-up capital.

This move exceeds the 5% regulatory limit, triggering mandatory disclosure obligations from SEBI. The purchase underscores the confidence that institutional investors have in the engineering company.

The acquisition has notably altered SBI Mutual Fund's ownership in Powerica. Prior to this transaction, the fund held 25,56,959 shares, which represented 2.02% of the firm's equity.

SBI Mutual Fund's increased participation in Powerica through the IPO route demonstrates institutional confidenc...