Powerica IPO Allotment Status: Issue Subscribed 1.45x Across NSE-BSE; QIBs Lead While Retail Lags

Powerica IPO Allotment Status: Issue Subscribed 1.45x Across NSE-BSE; QIBs Lead While Retail Lags​

Mumbai, March 29 (Sunday) – Powerica Limited is set to finalize its IPO allotment on March 30, 2026, with investors tracking status updates after the issue was subscribed 1.45 times across NSE and BSE. The demand was largely driven by institutional investors, while retail and non-institutional participation remained subdued.
The IPO, priced in the range of ₹375–₹395, received bids for 2.98 crore shares against an offer size of 2.05 crore shares.

How to Check Powerica IPO Allotment​

Investors can check their allotment status through registrar and exchange platforms:

1. Through MUFG Intime India (Registrar)​

Visit: https://in.mpms.mufg.com/
Select IPO Allotment Status.
Choose Powerica Limited from the company list.
Enter any one of the following:

• Application Number
• DPID/Client ID
• PAN

Complete the captcha verification.
Click Submit to view your allotment status.

2. Through BSE​

Visit: https://www.bseindia.com/investors/appli_check.aspx
Select Equity under Issue Type.
Choose Powerica Limited from the dropdown.
Enter Application Number and PAN.
Click Search to view the status.

3. Through NSE​

Visit: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select “Equity & SME IPO bid details”.
Choose Powerica Limited from the Select Symbol dropdown.
Enter any one of the following:

• PAN Number, or
• Application Number

Complete captcha verification.
Click Submit/Search to view your bid and allotment details.

Subscription Details (NSE-BSE Combined)​

The IPO saw strong institutional demand at 4.50x, while retail (0.15x) and NII segments (0.44x) remained under-subscribed, highlighting a skewed demand profile.

Price Band Demand Trend​

The demand trend remained stable across the price band, indicating consistent bidding without sharp concentration at specific price points.

IPO Details​

IPO Timeline​

Demand Insights​

The IPO’s subscription pattern reflects institution-led participation, with QIBs driving the overall subscription above 1x. However, weak response from retail and NII segments indicates cautious sentiment among broader investor categories.

What’s Next​

Post allotment finalization on March 30, refunds and demat credit of shares are scheduled for April 1, followed by listing on NSE and BSE on April 2, 2026.

About the Company​

Powerica Limited is an integrated power solutions provider engaged in the manufacturing and supply of diesel generator sets (DG sets) and medium-speed large generators, along with associated services. Its product portfolio spans a wide capacity range from 7.5 kVA to 10,000 kVA, catering to diverse industrial and commercial power requirements.
The company has also diversified into the renewable energy segment, particularly wind power, where it operates as an independent power producer and provides EPC and operation & maintenance services. In addition to its core generator business, Powerica offers allied solutions such as acoustic enclosures and electrical control panels, generating revenue through both equipment sales and power generation activities.