Powerica IPO Allotment Result to Be Announced: Details on Checking Status on Registrar, BSE, and NSE Platforms
Powerica Limited
IPOPowerica IPO Allotment Status to be Finalized Tonight
The initial public offering (IPO) of Powerica Ltd, a power solutions provider, is expected to finalize its share allotment tonight, March 30. The Rs 1,100-crore IPO drew strong investor demand, with a subscription of 1.45 times.
The IPO was open for subscription between March 24-27, with the company fixing the price band at Rs 375-395 per share. Prior to the opening, Powerica raised Rs 329.40 crore from anchor investors.
Investors can check their Powerica IPO allotment status on the official website of the registrar, MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd), by entering their application number or PAN. The status will also be available on the BSE and NSE websites.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
To check the allotment status, follow these steps:
| Website | Steps |
|---|---|
| MUFG Intime India Pvt Ltd | 1. Open the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html <br>2. Select the company from the dropdown menu <br>3. Fill in PAN, application number or DP client ID <br>4. Press the Submit button <br>5. Your allotment status will be shown in the window. |
| NSE | 1. Open the website: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp <br>2. Select the company 'Powerica IPO' by selecting Equity & SME IPO bid details <br>3. Fill in IPO Application number or PAN details <br>4. Press the Submit button <br>5. The allotment status will be shown in the window. |
| BSE | 1. Open the website: https://www.bseindia.com/investors/appli_check.aspx <br>2. Select Equity in the issue type <br>3. Fill in the required details including the 'Issue Name' <br>4. Enter PAN number and click on Search to view the status <br>5. The allotment status will be shown in the window. |
According to platforms tracking the grey market activities, the shares of Powerica are commanding a flat GMP in the unofficial market. The company's shares are set to be listed on both NSE and BSE on April 2.
Investor Takeaway
Investors can check their Powerica IPO allotment status on the official website of the registrar, MUFG Intime India Pvt Ltd, or on the BSE and NSE websites.
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