Powerica Files IPO Papers to Raise ₹1,400 Crore

Powerica, a company that provides power solutions, is trying to sell shares to the public through an IPO to raise money.

They filed documents with the government to start this process.

They want to raise ₹1,400 crore, using some of the money to pay off debt.

The company makes generators and provides power to different industries.

It has manufacturing locations in multiple states.

This is their second attempt to become a public company.