IPO Open for Subscription
Powerica Limited
NSE Symbol: POWERICA · 100% Book Building · Fresh Issue + Offer for Sale
₹1,100 Cr Total Issue
₹37 Employee Discount
Face Value ₹5
Lot Size: 37 Shares
Axis Bank · Kotak — Sponsor Banks
Price Band
₹375 – ₹395
Cut-off price: ₹395
Opens
24 Mar 2026
10:00 AM
Closes
27 Mar 2026
5:00 PM
Min Investment
₹14,615
37 shares @ ₹395
Max (Retail)
₹2,00,000
~13 lots
⚡ UPI Mandate Confirmation Deadline
The cut-off time for UPI mandate acceptance is 5:00 PM on 27-Mar-2026 (last day of IPO bidding). Bids with confirmed mandate status (RC100) shall be considered valid applications. Investors are advised to submit UPI applications well in advance to avoid any last-minute technical or systemic constraints.
🗓 Deadline: 27 March 2026 · 05:00 PM IST
Issue Timeline
24 Mar
Opens
25 Mar
Day 2
26 Mar
Day 3
27 Mar
Closes
Issue Size Breakdown
Fresh Issue
₹700 Cr
New equity capital
Offer for Sale
₹400 Cr
Existing shareholders
Total Issue Size
₹1,100 Cr
Combined IPO size
Employee Reservation
₹2 Cr
Eligible Employees
Anchor Portion
83,39,239
Equity Shares
Employee Discount
₹37
Per equity share
Price Band & Lot Calculator
Floor Price Cap Price (Cut-off)
Face Value: ₹5 | Tick Size: Re.1 | Cut-off: ₹395
Employee Discount: ₹37/share (Effective Price: ₹358 at Cut-off)
Investment Calculator
1
Lot(s)
Shares per lot37
Total Shares37
At Floor Price (₹375)₹13,875
At Cut-off Price (₹395)₹14,615
Total Investment (Cut-off)₹14,615
* Max retail investment: ₹2,00,000 (~13 lots) | Employees: up to ₹5,00,000
Issue Details
| Symbol | POWERICA |
| Issue Type | 100% Book Building |
| Issue Size | Fresh Issue up to ₹700 Crore + OFS up to ₹400 Crore (incl. ₹2 Cr employee reservation & Anchor portion of 83,39,239 shares) |
| Price Range | ₹375 to ₹395 per Equity Share |
| Employee Discount | ₹37 per Equity Share to Eligible Employees |
| Face Value | ₹5 per Equity Share |
| Tick Size | Re. 1 |
| Bid Lot | 37 Equity Shares and in multiples thereof |
| Minimum Order Qty | 37 Equity Shares |
| Max Subscription (Retail) | ₹2,00,000 |
| Max Subscription (Employees) | ₹5,00,000 |
| Max Bid Qty (QIB) | 2,04,95,965 Equity Shares (in multiples of 37, at Lower Price Band) |
| Max Bid Qty (NIB) | 1,46,39,975 Equity Shares (in multiples of 37, at Lower Price Band) |
| IPO Market Timings | 10:00 AM to 5:00 PM |
Intermediaries
| Book Running Lead Managers | ICICI Securities Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited) & Nuvama Wealth Management Limited |
| Sponsor Banks | Axis Bank Limited & Kotak Mahindra Bank Limited |
| Registrar to Issue | MUFG Intime India Private Limited |
| Registrar Address | C-101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India |
| Contact Person | Shanti Gopalkrishnan |
| Contact Number | +91 810 811 4949 |
| Contact Email | powerica.ipo@mufgintime.com |
Investor Categories
All Categories
FI IC MF FII OTH CO IND NOH EMP — Eligible Employees
UPI Eligible Sub-Categories
✓ IND — Individual (up to ₹5 Lakhs) ✓ EMP — Eligible Employees (up to ₹5 Lakhs)
Downloads & Resources
Red Herring Prospectus
Sample Application Forms
Basis of Issue Price
Bidding Centers
Security Parameters (Pre-Anchor)
Security Parameters (Post-Anchor)
Anchor Allocation Report
SCSB List
Mobile App (UPI)
UPI-based ASBA Process
* Download links will be made available as per issuer / exchange filings.
📋 SEBI Circular — SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 2019
All intermediaries are requested to comply with the provisions of the aforementioned circular:• Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer / Registrar to Issue.
• In case of electronic forms, printouts of such applications need not be retained or sent to the issuer.
• Intermediaries shall at all times maintain the electronic records relating to such forms for a minimum period of three years.
⚠️ Important Remark: The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or PAN ID, Bank code and Location code) on T+1 day (T being last day of bidding) shall not be available. The bid modification of selected fields shall be allowed during the bidding period of IPO only.
