Cyril Amarchand Mangaldas (CAM), Trilegal and Linklaters have acted for parties to Powerica’s INR11 billion (USD118.3 million) initial public offering on the BSE and NSE.
CAM acted as Indian legal counsel to Powerica on the IPO, with shares priced at INR5 each. The IPO comprised the sale of stock by promoters and shareholders – the Naresh Oberoi Family Trust, and the Kabir and Kimaya Family Private Trust.
Each equity share was priced at INR395 and included a reservation for eligible employees. The shares debuted at INR366 and INR375, on the NSE and BSE on 2 April 2026, respectively.
The CAM team, advising Powerica and its two promoters, included senior partner Yash Ashar, partner Ravi Dubey, principal associate Mansi Jhaveri, as well as associates Abishek Sankar, Arikta Shetty, Divyanshu Singh, Akshita Dhawan, Nikshetaa Jain and Pooja Rajawat.
The IPO’s bookrunning lead managers were ICICI Securities, IIFL Capital Services and Nuvama Wealth Management. Trilegal counselled on Indian legal matters and Linklaters Singapore acted as their international legal counsel.
Amit Singh, capital markets partner and head of Linklaters’ India practice led the team, with the support of counsel Joseph Wolpin and managing associate Ashwin Tiwari.
Powerica, a Mumbai-based integrated power solutions company specialising in end-to-end standby and prime power solutions, operates across conventional power and wind energy projects.
Net IPO proceeds will be used for both repayment and prepayment of certain borrowings and for general corporate purposes.
