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Powerica's ₹1,100 Crore IPO Opens March 24: Subscription Guide and GMP Analysis

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Powerica's Rs 1,100-cr IPO Opens March 24; Price Band Set, GMP Flat

Powerica IPO to open for public subscription on March 24.

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Moneycontrol•23-03-2026, 17:29

Powerica's Rs 1,100-cr IPO Opens March 24; Price Band Set, GMP Flat

•Powerica's Rs 1,100-crore IPO opens for public subscription on March 24.
•The price band for the initial share sale is fixed at Rs 375-395 per share, valuing the company at nearly Rs 5,000 crore.
•The IPO concludes on March 27, with anchor investor bidding on March 23.
•This is Powerica's second attempt at an IPO, after a shelved plan in 2019.
•Powerica's shares are commanding a flat GMP in the unofficial market.

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