Powerica IPO Subscribed 0.01 Times on Day 1

No image 5paisa Capital Ltd - 2 min read

Last Updated: 24th March 2026 - 05:31 pm

Powerica Limited's initial public offering (IPO) opened for subscription on March 24, 2026, recording an overall subscription of 0.01 times by 5:06 PM on Day 1. The ₹1,100 crore book-build issue, priced at ₹375–₹395 per share, received bids for 2,14,563 shares against 1,95,08,862 shares on offer, with total applications reaching 3,225.

Subscription Status of Powerica IPO

Date QIB NII  Retail Employee Total
Day 1 (March 25) 0.00 0.01 0.02 0.32 0.01

Here are the subscription details for Powerica IPO  Day 2, as of 4:46 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (₹ Cr.)
Anchor Investors 1.00 83,39,239 83,39,239 329.40
QIB (Ex-Anchor) 0.00 55,56,879 0 0.00
NII 0.01 41,68,835 23,458 0.93
Retail 0.02 97,27,282 1,73,345 6.85
Employee 0.32 55,866 17,760 0.70
Total 0.01 1,95,08,862 2,14,563 8.48

Key Highlights - Day 1

  • Overall subscription reached 0.01 times on Day 1 (March 24, 2026), reflecting subdued initial investor interest in this power solutions IPO.
  • Employee category showed the strongest opening participation at 0.32 times, indicating internal confidence in the company's prospects.
  • Retail investors recorded the next highest participation at 0.02 times on Day 1.
  • Non-institutional investors showed negligible interest at 0.01 times, with sNII at 0.01 times and bNII showing no participation on Day 1.
  • Qualified institutional buyers (ex-anchor) showed no participation on Day 1.

About Powerica Limited

Powerica Limited is a power solutions company specialising in diesel generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, operating three manufacturing facilities in Bengaluru, Silvassa, and Khopoli. The company also operates 11 wind power projects in Gujarat with a total installed capacity of 279.55 MW as of March 31, 2025, and offers retrofit emission control devices through its associate company Platino Automotive. It serves a large and diversified customer base across industries requiring main and backup power solutions.

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Krishca Strapping Solutions Limited

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  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200