Powerica Limited IPO
Powerica Limited was a mainboard IPO in the Heavy Electrical Equipment sector, offered at ₹375–₹395 per share to raise ₹1,100 crore. The issue was subscribed 1.45× overall (QIBs 4.5×, NIIs 0.44×, retail 0.15×). It listed on 2 Apr 2026 at ₹366 and closed its first day at ₹390, a listing loss of -1.3% versus the ₹395 issue price. It now trades around ₹467 (+18.3% versus the issue price).
Frequently asked questions
- How many times was the Powerica Limited IPO subscribed?
- The Powerica Limited IPO was subscribed 1.45× overall — 4.5× in the QIB category, 0.44× among non-institutional investors, 0.15× in retail.
- What were the Powerica Limited IPO listing gains?
- Powerica Limited listed on 2 Apr 2026 at ₹366, closing its first day at ₹390 — a listing loss of -1.3% versus the ₹395 issue price.
- What were the retail allotment odds for the Powerica Limited IPO?
- Retail was subscribed 0.15×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 31 Mar 2026.
- What was the price band and lot size of the Powerica Limited IPO?
- The price band was ₹375–₹395 per share, with a minimum lot of 37 shares (₹14,615 at the upper band).
- Who were the registrar and lead manager for the Powerica Limited IPO?
- MUFG Intime India Private Limited was the registrar, and ICICI Securities was the book-running lead manager.