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.
Partner and Head of India Practice Amit Singh commented:
“We are pleased to have advised on Powerica’s IPO. This transaction is a testament to the resilience and depth of India’s equity capital markets, which continue to maintain a strong momentum and remain among the busiest globally. This IPO was one of the few to have got done even while we have witnessed increased capital markets volatility recently. We look forward to supporting our clients across the region on their most significant capital markets transactions and strategic growth priorities. Congratulations to all parties on achieving this important milestone.”
Linklaters has an established track record as the leading Indian capital markets practice. The team has advised on numerous high-profile equity offerings across diverse sectors, such as the recent IPOs of SEDEMAC Mechatronics, Shadowfax Technologies, Vikram Solar and Travel Food Services Limited.
