Powerica IPO
Powerica Limited (POWERICA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 April 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.3% (likely range -6% to +8%), day's high +5.6%, chance of a gain 82%. Actual: -7.3% at the open, +0.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 58,56,000 | 2,63,46,331 | 4.50x | |
| NII (HNI) total | 43,92,000 | 19,41,390 | 0.44x | |
| Big NII (above ₹10 lakh) | 29,28,000 | 13,04,990 | 0.45x | |
| Small NII (₹2-10 lakh) | 14,64,000 | 6,36,400 | 0.43x | |
| Retail | 1,02,48,000 | 14,97,242 | 0.15x | |
| Employees | 59,171 | 72,853 | 1.23x | |
| Total | 2,05,55,171 | 2,98,57,816 | 1.45x |
Bids on NSE and BSE together, as published by NSE, as of 27 Mar 2026, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Powerica's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Lemon Tree HotelsMar 2018 | 3.89x | 0.12x | 0.12x | 1.19x | ₹1,039 Cr | +10.0% | +32.0% |
| Central Mine Planning & Design InstituteMar 2026 | 3.48x | 0.35x | 0.33x | 1.05x | ₹1,842 Cr | -7.0% | -1.9% |
| Chalet HotelsJan 2019 | 4.66x | 1.10x | 0.03x | 1.57x | ₹1,649 Cr | +5.0% | +7.1% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Aavas FinanciersSep 2018 | 2.77x | 0.26x | 0.25x | 0.97x | ₹1,734 Cr | -8.7% | -4.1% |
| Dr. Agarwal's Health CareJan 2025 | 4.64x | 0.40x | 0.41x | 1.55x | ₹3,027 Cr | 0.0% | +2.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nuvama Wealth Management | 11 | +5.7% | 64% |
Offer documents (NSE)
Frequently asked
What is the Powerica IPO price band and lot size? ₹375–395 per share, with a lot of 37 shares, so the smallest retail bid is ₹14,615.
How many times has it been subscribed? 1.45x overall: QIB 4.50x, NII 0.44x, retail 0.15x, employees 1.23x.
How did it list? It opened at ₹366, -7.3% against the issue price of ₹395, and closed its first day -1.3%.
