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Explore how Powerica Ltd.’s IPO performed on its first day of subscription, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The Powerica Ltd. IPO opened for subscription on March 24, 2026, marking the company’s entry into the primary market with a sizeable mainboard issue. The company operates in the power and energy solutions segment, catering to industrial and infrastructure needs.
The IPO is a book-built issue with a price band of ₹375 to ₹395 per share, aiming to raise approximately ₹1100 crore. On its opening day, the issue saw limited participation across investor categories.
The IPO began with a muted response on Day 1, with minimal activity across most investor segments.
On the first day of bidding, the Powerica Ltd. IPO witnessed a slow start, with subscription data indicating very limited participation across categories
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
0.01× |
Non-Institutional Investors (NII) |
N.A. |
Others |
0.09× |
Total |
0.10× |
The Day 1 figures suggest that retail and other categories showed marginal interest, while institutional and non-institutional participation had not yet picked up. The IPO’s momentum is expected to build in the coming days as more bids are placed.
On the second day of bidding, the Powerica Ltd. IPO continued to see subdued participation, with the overall subscription standing at 0.02×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
0.03× |
Non-Institutional Investors (NII) |
0.01× |
Employees Reserved |
0.37× |
Total |
0.02× |
Despite some traction in the employee and retail segments, overall demand remained weak, with institutional participation yet to pick up.
The Powerica Ltd. IPO concluded its third day of bidding with a muted overall subscription of 0.12×. The employee-reserved category was the only segment to achieve full subscription, while institutional, retail, and non-institutional participation remained notably low throughout the window.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.24× |
Retail Individual Investors (RII) |
0.07× |
Non-Institutional Investors (NII) |
0.08× |
Employee Reserved |
1.05× |
Total |
0.12× |
Despite internal support from employees, the mainboard issue struggled to attract broader market interest by the close of the subscription period.
The price band for the IPO is set between ₹375 and ₹395 per share, with a face value of ₹5 per share.
Investors can apply for a minimum of 1 lot consisting of 37 shares.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
37 |
₹14,615 |
At the upper price band, the minimum investment required is approximately ₹14,615, making it accessible for retail investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Powerica IPO on Bajaj Markets.
Here are the important IPO dates:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
March 24, 2026 |
Issue opens for subscription |
IPO Close Date |
March 27, 2026 |
Final day to bid |
Basis of Allotment |
March 30, 2026 |
Allotment finalisation |
Refunds Initiation |
April 1, 2026 |
Refund process begins |
Credit of Shares to Demat |
April 1, 2026 |
Shares credited to investors |
Listing Date |
April 2, 2026 |
Expected listing on exchanges |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply through ASBA (net banking) or UPI via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Powerica Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Powerica Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check Upcoming IPO’s Here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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