Upcoming IPO, Aug. 11 -- Mumbai-based power solutions provider, Powerica Ltd, filed its preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Monday, 11 August 2025. The company aims to raise Rs.1,400 crore from the Indian stock market through the public issue.

Powerica is offering a book-built public issue comprising a fresh issue of equity shares up to Rs.700 crore with a face value of Rs.5 apiece, along with an offer for sale (OFS) component of shares up to Rs.490 crore by Naresh Oberoi Family Trust, and Rs.210 crore by Kabir and Kimaya Family Private Trust, the promoter selling stakeholder of the public issue.

According to the company disclosure, the Rs.525 crore of the pr...