Powerica Shares Listed on NSE with 7% Discount to the IPO Price

Powerica, a company focused on power solutions and diesel generator sets, had a muted debut on Dalal Street, reflecting the overall weak market sentiment. Its shares listed at ₹366 on the NSE, marking a discount of ₹29 or 7.35% compared to the issue price of ₹395.

On the BSE, the stock opened slightly higher at ₹375, but still at a discount of ₹20 or 5%. After listing, the shares slipped further, trading ~1% below their opening levels.

Powerica IPO Subscription Performance

Investor response to the IPO was relatively subdued. Data from the NSE showed the issue was subscribed 1.45 times overall, with bids received for 29.85 million shares against the 20.55 million shares available. 

Demand was largely driven by Qualified Institutional Buyers (QIBs), who oversubscribed their portion by 4.5 times. Meanwhile, the Non-Institutional Investors (NIIs) segment saw only 44% subscription, and the retail portion lagged significantly at just 15%.

Powerica IPO Details

Powerica raised ₹1,100 crore through its public issue, which included a fresh issue of 17.7 million shares worth up to ₹700 crore and an offer for sale (OFS) of 10.1 million shares amounting to ₹400 crore.

The IPO was priced in the range of ₹375–₹395 per share, with a minimum lot size of 37 shares. The issue remained open for subscription from March 24 to March 27, 2026, and the share allotment was finalised on March 30.

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