RUPIE TIMES · IPO WATCH · Thursday, 19th March 2026
⚡ Powerica IPO Opens Next Week — 10 RHP Insights Every Investor Must Read Before Applying
Powerica enters the market at ₹375–₹395 per share, pegging its valuation at nearly ₹5,000 crore — while quietly trimming the IPO size from the originally proposed ₹1,400 crore to a leaner offering.
Powerica's ₹1,100 crore IPO hits the primary market on March 24, closing for bids on March 27, 2026. At a price band of ₹375–₹395 per share, the company is valued at nearly ₹5,000 crore — a trimmed-down offering from the ₹1,400 crore proposed in its August 2025 draft papers.
Retail investors can apply in lots of 37 shares, requiring a minimum outlay of ₹14,615 at the upper band.
Powerica IPO GMP — Grey Market Signal
On the streets, the grey market is sending a cautious signal — Powerica IPO GMP stands at ₹8, implying shares are changing hands at ₹403, a modest ~2% premium over the issue price. The tepid GMP suggests the market is watchful rather than euphoric ahead of the open.
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