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Powerica IPO – Subscription Status, Dates, and How to Apply

Anshika Posted on March 25, 2026

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.

Powerica IPO Subscription Status

The IPO began with a muted response on Day 1, with minimal activity across most investor segments.

Day 1 Subscription Status (March 24, 2026)

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.

Day 2 Subscription Status (March 25, 2026)

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.

Powerica IPO Price Band and Lot Size

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.

Powerica IPO Dates & Timeline

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.

Disclaimer

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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Hi! I’m Anshika

Financial Content Specialist

Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact.

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