Powerica Ltd: IPO Proceeds Utilization Report for Q2 FY27

Powerica Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, detailing the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by Crisil Ratings Limited, confirms that there were no deviations from the IPO's stated objects. The IPO, which concluded on March 27, 2026, raised ₹700.00 crore in gross proceeds. The net proceeds, after accounting for issue expenses, were ₹661.51 crore. A minor revision in net proceeds to ₹661.54 crore occurred due to a change in Gross Issue Expenses (GCP). The company has made this report available on its website.