Powerica IPO Day 3: Check GMP, Subscription Status & Key Highlights
The Initial Public Offering (IPO) for Powerica Limited is closing today, March 27, 2026. The public issue was open for subscription from Tuesday, March 24. Powerica Limited operates in the power backup and energy infrastructure segment, catering to sectors such as manufacturing, infrastructure, and commercial establishments. The allotment process for the Powerica IPO is expected to be finalised on March 30, 2026, and the shares will be listed on both BSE and NSE, with a tentative listing date fixed as April 2, 2026.
Powerica IPO - Issue Details
Powerica IPO is a book-building issue of ₹1,100 crores, comprising both a fresh issue of ₹700 crores and an offer for sale (OFS) of ₹400 crores. The IPO price band is fixed at ₹375 to ₹395 per share, and the minimum lot size required for an application is 37.
ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management Limited are the book-running lead managers, and MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) is the registrar of the issue.
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Powerica IPO Day 3 Subscription Status
[March 27, 2026, 11:09 AM]
On Day 3, Powerica's IPO saw a subscription of 0.04 times, as per NSE data on March 27, 2026, 11:09 a.m. The public issue was subscribed to 0.06 times by the Retail Individual Investors (RIIs), 0.03 times by the Non-Institutional Investors (NIIs), 0.02 times by the Qualified Institutional Buyers (QIBs) and 0.96 times by the Employees.
Utilisation of Proceeds
The Company will utilise the net proceeds from the fresh issue towards the following purposes:
- Prepayment/repayment of certain outstanding borrowings availed by the Company, in part or in full.
- General corporate purposes.
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Powerica Limited GMP
According to media reports, the Grey Market Premium (GMP) of Powerica Limited is ₹1.
About Powerica Limited
Powerica Limited is an India-based power solutions company engaged in the manufacturing and supply of diesel generator (DG) sets, gas-based power systems, and renewable energy solutions. Incorporated in 1983 and headquartered in Mumbai, the company is a key authorised dealer of Cummins India, offering a wide range of power backup and distributed energy solutions for industrial, commercial, and residential applications.
The company operates across multiple verticals, including DG sets, gas gensets, solar EPC solutions, and rental power services, catering to diverse sectors such as infrastructure, manufacturing, healthcare, and telecom.
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