Powerica IPO Subscribed 1.53 Times on Day 3

Powerica Limited's initial public offering (IPO) closed its three-day subscription window at 1.53 times overall subscription by 4:44 PM on Day 3 (March 27, 2026). The ₹1,100 crore book-build issue, priced at ₹375 to ₹395 per share, received bids for 2,97,89,329 shares against 1,95,08,862 shares on offer, with total applications reaching 24,172.

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Subscription Status of Powerica IPO

Here are the subscription details for Powerica IPO  Day 3, as of 4:44 PM:

Key Highlights – Day 3

• Overall subscription crossed full subscription at 1.53 times, surging from Day 2's 0.03 times, driven entirely by a sharp late surge in institutional demand on the closing day.
• Qualified institutional buyers (ex-anchor) led strongly at 4.74 times, rising from no meaningful participation on Day 2, indicating heavy institutional interest concentrated on the final day of this power solutions IPO.
• Employee category improved to 1.29 times from Day 2's 0.85 times, crossing full subscription on the final day.
• Non-institutional investors recorded 0.46 times, with bNII at 0.47 times and sNII at 0.44 times, remaining below full subscription.
• Retail investors recorded 0.15 times, improving from Day 2's 0.05 times but remaining well below full subscription.
• Total applications reached 24,172 on Day 3.

Key Highlights – Day 2

• Overall subscription reached 0.03 times on Day 2 (March 25, 2026), improving from Day 1's 0.01 times, though investor interest remains subdued heading into the final day.
• Employee category showed the strongest participation at 0.85 times, improving from Day 1's 0.32 times, indicating continued internal confidence in this power solutions IPO.
• Retail investors improved to 0.05 times from Day 1's 0.02 times on Day 2.
• Non-institutional investors remained negligible at 0.01 times, with sNII at 0.03 times and bNII at 0.01 times.
• Qualified institutional buyers (ex-anchor) showed no meaningful participation on Day 2.

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.