Linklaters advises underwriters on Powerica Limited’s INR 11bn IPO

Linklaters has advised ICICI Securities Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited as lead underwriters on Powerica Limited’s INR 11 billion IPO on the National Stock Exchange of India Limited and BSE Limited.

Powerica Limited is a Mumbai-based integrated power solutions provider specialising in end-to-end standby and prime power solutions. Its presence across both conventional power solutions and wind energy projects underpins the strategic significance of the IPO in India’s evolving power and infrastructure market.

Powerica intends to utilise the net proceeds from the IPO for the repayment and prepayment of certain borrowings and for general corporate purposes.

The Linklaters team advising on the transaction was led by Capital Markets Partner and Head of Linklaters’ India Practice Amit Singh, supported by Counsel Joseph Wolpin and Managing Associate Ashwin Tiwari.