Powerica Limited IPO Update

Key Highlights

• ₹329.40 crore raised from anchor investors ahead of the initial public offering (IPO)
• 83,39,239 equity shares allocated to anchor investors at ₹395 per share
• ₹1,100 crore book-built issue for public subscription

IPO Details

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• Open Date: Tuesday, March 24, 2026
• Close Date: Friday, March 27, 2026 (due to market holiday on Thursday)
• Price Band: ₹375 to ₹395 per share
• Issue Size: 1.77 crore shares (fresh issue) and 1.01 crore shares (offer for sale)
• Fundraising: Up to ₹700 crore from fresh issue and up to ₹400 crore from offer for sale

Allocation and Reservation

• Qualified Institutional Buyers (QIBs): 50% of the net issue
• Non-Institutional Investors (NIIs): 15% of the net issue
• Retail Investors: 35% of the net issue

Book-Running Lead Managers

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• ICICI Securities Limited
• IIFL Capital Services Limited
• Nuvama Wealth Management Limited

Registrar

• MUFG Intime India Private Limited

Utilisation of Proceeds

• Repayment of borrowings
• General corporate purposes