Powerica Limited IPO Final Day: GMP ₹0, Subscription 0.0x
Powerica Limited’s mainboard IPO on the NSE concludes today, March 27, 2026, marking the final day for investors to subscribe. The issue, which opened on March 24, 2026, is priced at ₹395 per share. As of the closing bell on Day 4, the overall subscription remains significantly low across all categories, indicating a subdued investor response.
Subscription Status
The subscription figures for Powerica Limited’s IPO on its closing day present a picture of minimal interest. TheRetail category stands at a mere 0.04 times, suggesting that the majority of retail investors have not participated. Similarly, theNon-Institutional Investor (NII) category has seen a subscription of only 0.01 times. TheQualified Institutional Buyer (QIB) category is at 0 times, which is a notable concern as QIB participation often signals institutional confidence in a company’s prospects. TheTotal Subscription currently stands at a low 0.03 times. These figures indicate that the IPO is largely undersubscribed across the board, which could lead to challenges during the listing phase.
GMP Update
The Grey Market Premium (GMP) for Powerica Limited’s IPO has remained unchanged at ₹0. Yesterday’s GMP was also ₹0. A GMP of ₹0 suggests that the grey market is not anticipating any premium on the listing price. This lack of positive sentiment in the grey market often reflects the broader investor sentiment towards the IPO. The expected listing price is therefore currently aligning with the issue price of ₹395, with no indication of a significant upward movement on debut.
Should You Apply?
Based on the current subscription data and the unchanged GMP, investors are advised to exercise caution. The extremely low subscription across all categories, especially the zero participation from QIBs, points to a lack of immediate demand. The ₹0 GMP further reinforces the expectation of a flat listing, if not a potential discount. While the company’s fundamentals should always be considered, the current market indicators for this IPO are not encouraging. As per SEBI guidelines, investors should conduct thorough due diligence and consider consulting with a registered financial advisor before making any investment decisions. For more detailed information on the Powerica Limited IPO, including financial statements and analyst reports, please View Full Powerica Limited IPO Details.