Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Powerica IPO Achieves Full Subscription on Day 3 Driven by QIB Demand

Loading more articles...

Powerica IPO Fully Subscribed on Day 3, QIBs Drive Demand

Powerica IPO subscription status check

M

Moneycontrol•27-03-2026, 16:20

Powerica IPO Fully Subscribed on Day 3, QIBs Drive Demand

•Powerica's IPO fully subscribed on the final day of bidding, driven by Qualified Institutional Buyers (QIBs).
•Received bids for 2.91 crore shares against 2.05 crore shares on offer.
•QIB portion bid 4.5 times, while retail and non-institutional investors subscribed 10% and 40% respectively.
•Company garnered Rs 329.40 crore from anchor investors earlier.
•The Rs 1,100-crore public offering concludes on March 27, with a price band of Rs 375-395 per share.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

Representational image (Image: News18)

Innovision IPO Subscribed 12% on Day 2; QIBs Lead with 96% Bids

Powerica Shares Debut Weakly, List at 7% Discount Despite Healthy IPO Subscription

Powerica Shares Debut Weakly, List at 7% Discount Despite Healthy IPO Subscription

Powerica IPO to open for public subscription on March 24.

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

Powerica Sets ₹375-₹395 Price Band for ₹1,100 Crore IPO

Powerica Sets ₹375-₹395 Price Band for ₹1,100 Crore IPO

Representational image (Image: News18)

Rajputana Stainless IPO Subscribed 42% on Day 2; QIBs Lead with 99%

Representational image (Image: News18)

GSP Crop Science IPO Subscribed 47% on Day 1; QIBs Over-Subscribed

Stories