What is Powerica Limited? Powerica Limited is an integrated power solutions company that specialises in diesel generator sets (DG sets).
How did Day 1 go? The IPO opened on March 23 and received a weak response. By end of day, the issue was subscribed just 0.01 times — only 2.14 lakh shares were bid for against 1.95 crore shares on offer.
Category-wise subscription breakdown:
- Retail investors: 0.02x
- Non-institutional investors (NII): 0.01x
- Qualified institutional buyers (QIB): Bidding not yet open
- Employees: 0.32x
Before the IPO opened, Powerica raised ₹329.40 crore from anchor investors.
IPO Structure The IPO has two parts — a fresh issue of 1.77 crore shares (to raise ₹700 crore) and an offer for sale (OFS) of 1.01 crore shares (to raise ₹400 crore). Total fundraise target: ₹1,100 crore.
Price Band & Lot Size
- Price band: ₹375–₹395 per share
- Lot size: 37 shares (minimum 1 lot)
- Minimum investment for retail: ₹14,615 (at ₹395)
- Maximum investment for retail: ₹1,89,995 (13 lots)
Quota Allocation
- QIBs: 50%
- NIIs: 15%
- Retail investors: 35%
Where will the money go? Proceeds from the fresh issue will be used to repay borrowings and for general corporate purposes.
Key Parties
- Lead managers: ICICI Securities, IIFL Capital Services, Nuvama Wealth Management
- Registrar: MUFG Intime India Private Limited
⚠️ Disclaimer यह लेख केवल सूचना और शैक्षिक उद्देश्यों के लिए है। इसे निवेश की सलाह नहीं माना जाना चाहिए। शेयर बाजार में निवेश जोखिम के अधीन होता है। किसी भी IPO या सिक्योरिटी में निवेश करने से पहले अपने वित्तीय सलाहकार से परामर्श लें। पिछला प्रदर्शन भविष्य के रिटर्न की गारंटी नहीं देता। सभी डेटा एक्सचेंज और सार्वजनिक स्रोतों से लिए गए हैं और बदलाव के अधीन हैं।
This article is for informational purposes only and does not constitute investment advice. Investments in securities markets are subject to market risks. Please read all related documents carefully before investing. Consult your financial advisor before making any investment decisions. Data sourced from stock exchanges and public disclosures.
