Powerica IPO Day 2: Check GMP, Subscription Status & Key Highlights
The Powerica IPO enters its second day of subscription today, 25 March 2026. By the end of the first day, the issue was subscribed to 0.05 times overall. The bidding window is scheduled to close on March 27, 2026.
Powerica IPO: Issue Details
Issue Type: Powerica's IPO is a book-building issue of ₹1,100 crore, comprising a fresh issue of ₹700 crore and an offer for sale of ₹400 crore.
Price Band: The price band is set between ₹375 and ₹395 per share.
Lot Size & Minimum Investment: The lot size for an application is 37 shares, and the minimum investment required is ₹14,615 (for retail investors).
Allotment Date: The basis of allotment will be finalised by March 30, 2026
Listing Date: The tentative listing date on NSE and BSE is April 2, 2026.
Book-running Lead Managers: ICICI Securities Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited
Registrar: Bigshare Services Private Limited
Powerica IPO Day 2 Subscription Status
[25-March-2026 12:15:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.01 |
|
Retail Individual Investors (RIIs) |
0.03 |
|
Employees |
0.38 |
|
Total |
0.02 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
- Repay/prepay outstanding borrowings
- General corporate purposes
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Powerica IPO GMP
According to media reports, the Grey Market Premium (GMP) for the Powerica IPO is ₹4 over the IPO price.
Powerica Business Overview
Powerica is a power solutions company engaged in manufacturing and delivering diesel generator sets (“DG sets”) with capacities ranging from 7.5 kVA to 10,000 kVA for both continuous and backup power requirements. These products are tailored to address the varied requirements of multiple industries and applications.
The company is an original equipment manufacturer (“OEM”) partner of Cummins India Limited (“Cummins India”) and its group entities.
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