Powerica IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time revealed

Powerica IPO allotment: The basis of allotment of power solutions provider Powerica Ltd is expected to be finalised on Monday, March 30. The details will be out on the websites of the NSE, the BSE and the registrar, MUFG Intime India.

The ₹1,100 crore book-build issue was a mix of a fresh issuance of shares aggregating to ₹700 crore and an offer for sale (OFS) of ₹400 crore by promoters Kabir and Kimaya Family Private Trust and Naresh Oberoi Family Trust.

With a price band of ₹375 to ₹395 per equity share, a lot consisted of 37 shares.

The fresh funds raised to the tune of ₹525 crore will be utilised to pare the company's debt, and a portion will be used for corporate general purposes.

The initial share sale was subscribed 1.45 times. It secured bids for 2,98,57,816 shares as against 2,05,55,171 shares on offer, as per the NSE data. Retail investors' quota was subscribed 15%, and the portion for non-institutional investors (NIIs) got 44% subscription. Qualified institutional buyers (QIBs) subscribed their part 4.50 times.

Powerica is a power solutions firm with a specialisation in diesel generator sets, or DG sets, for main and backup issues. It offers generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the needs of diverse industries and applications.

Powerica IPO allotment date and time

Powerica IPO allotment status is likely to be finalised on Monday, March 30, by late evening.

How to check Powerica IPO allotment status online on NSE

• Open NSE's IPO status page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'POWERICA' from the 'Select Symbol' list
• Mention your application number and PAN details
• Hit the submit button

Steps to check Powerica IPO allotment status online on BSE

• Go to this page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the ‘Issue Name’ dropdown menu, select ‘Powerica Ltd’
• Identify yourself using either IPO application number or PAN details
• Click on ‘I’m not a robot’ tab and hit the ‘Search’ button

Powerica IPO allotment status on MUFG Intime India; full steps here

• Head to the registrar's bid finalisation page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Powerica Limited’ from the public issue names
• Add any one: Application No, DP/Client ID, Account No/IFSC or PAN
• Press the ‘Submit’ button

Powerica IPO listing date and time

Shares of Powerica will hit the secondary market on Thursday, April 2, at 10 am.

Powerica IPO GMP

Powerica's unlisted shares, according to investorgain.com and media reports, are trading at ₹401.5, reflecting a grey market premium of 1.65% or ₹6.5 compared to the upper price band of ₹395.