Grey Market Indicators Offer Insights Ahead of Final Trading Day for Amir Chand Jagdish Kumar, Powerica and Sai Parenteral IPOs

Initial Public Offerings (IPOs) Update: March 26, 2026

Amir Chand Jagdish Kumar Exports Ltd IPO

• Subscription Status: 1.47 times subscribed by the second day of bidding
• Demand Breakdown:
  • Non-Institutional Investors (NIIs): 5.24 times subscribed
  • Qualified Institutional Buyers (QIBs): 78% subscribed
  • Retail Individual Investors (RIIs): 56% subscribed
• Estimated Listing Price: ₹218 apiece, 2.83% higher than the IPO price of ₹212
• Grey Market Premium (GMP): ₹6
• IPO Details: New equity shares, no offloading of existing shares, funds raised for working capital and general corporate activities

Powerica Ltd IPO

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• Subscription Status: 3% subscribed by the second day of bidding
• Demand Breakdown:
  • Retail Segment: 4% subscribed
  • Non-Institutional Investors (NIIs): 1% subscribed
• Estimated Listing Price: ₹396 apiece, 0.25% higher than the IPO price of ₹395
• Grey Market Premium (GMP): ₹1
• IPO Details: New share issuance of ₹700 crore, promoters' offer for sale (OFS) of shares worth ₹300 crore

Sai Parenterals Ltd IPO

• Subscription Status: 41% subscribed by the second day of bidding
• Demand Breakdown:
  • Non-Institutional Investors (NIIs): Fully subscribed (1.01 times)
  • Qualified Institutional Buyers (QIBs): 60% subscribed
  • Retail Individual Investors (RIIs): 5% subscribed
• Estimated Listing Price: ₹392 apiece (no premium or discount in the grey market)
• Grey Market Premium (GMP): ₹0
• IPO Details: Fresh issue of ₹285 crore and divestment of approximately 32 lakh equity shares