New Delhi, March 26 -- Three mainboard IPOs-Amir Chand Jagdish Kumar Exports Ltd, Powerica Ltd, and Sai Parenterals Ltd-are set to close for subscription on March 27, with mixed investor response so far.

Amir Chand Jagdish Kumar (Exports) IPO has seen relatively better traction, garnering 1.47 times subscription by the second day of bidding. Demand was largely driven by non-institutional investors (NIIs), whose portion was subscribed 5.24 times. However, participation from institutional and retail investors remained moderate, with the Qualified Institutional Buyers (QIBs) segment subscribed 78% and the Retail Individual Investors (RIIs) portion at 56%.

In contrast, Powerica IPO has witnessed muted demand, with the issue subscribed just ...