Powerica Ltd is set to launch its initial public offering (IPO) on March 24, aiming to raise approximately Rs. 1,000 crore to primarily reduce debt and enhance financial stability. The offering includes a fresh issue of Rs. 700 crore and an offer for sale (OFS) of Rs. 300 crore by promoter entities. With a price band of Rs. 375–395 per share, the IPO values the company at nearly Rs. 5,000 crore. The move reflects a strategic effort to optimize capital structure while positioning the company for sustained growth in India’s evolving power solutions market.