Powerica IPO Allotment Status: Check GMP, Subscription & Steps
Powerica IPO Allotment Status Overview
Here are the complete and verified IPO details:
| Particulars | Details |
|---|---|
| IPO Name | Powerica Limited IPO |
| IPO Type | Mainboard IPO |
| Exchange | BSE & NSE |
| IPO Open Date | March 24, 2026 |
| IPO Close Date | March 27, 2026 |
| Allotment Date | March 30, 2026 |
| Listing Date | April 2, 2026 |
| Registrar | MUFG Intime India Pvt Ltd |
| Face Value | ₹5 per share |
| Price Band | ₹375 to ₹395 per share |
| Lot Size | 37 shares |
| Issue Size | ₹1,100 crore |
| Fresh Issue | ₹700 crore |
| Offer for Sale | ₹400 crore |
| Minimum Investment (Retail) | ₹14,615 |
| Lead Managers | ICICI Securities, IIFL, Nuvama |
| Demat Credit | April 1, 2026 (Expected) |
| Refund Initiation | April 1, 2026 (Expected) |
Powerica IPO GMP (Grey Market Premium)
Latest GMP trend and expected listing performance:
| Date | GMP (₹) | Expected Listing Price (₹) | Estimated Gain (%) | Trend |
|---|---|---|---|---|
| Mar 19, 2026 | ₹8 | ₹403 | ~2.0% | Strong |
| Mar 24, 2026 | ₹5 | ₹400 | ~1.2% | Positive |
| Mar 26, 2026 | ₹1 | ₹396 | ~0.25% | Weak |
| Mar 30, 2026 | ₹6 | ₹401 | ~1.5% | Improving |
Key Insight:
- Current GMP is around ₹6, indicating mild listing gains
- GMP remained volatile and low throughout the IPO period
Powerica IPO Subscription Details
Final subscription numbers across categories:
| Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 4.50x |
| Non-Institutional Investors (NII) | 0.37x (approx) |
| Retail Individual Investors (RII) | 0.14x (14%) |
| Total Subscription | 1.45x |
What This Means:
- Strong demand from QIBs
- Weak retail and HNI participation
- Overall subscription remained moderate
Key Takeaways
- Powerica IPO allotment date is March 30, 2026
- GMP is low, suggesting limited listing gains
- Subscription was driven mainly by institutional investors
- Retail demand remained weak, improving allotment chances slightly
Disclaimer
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