New Delhi, March 18 -- The Powerica Limited IPO price band has been fixed in the range of Rs.375 to Rs.395 per equity share of the face value of Rs.5. The Powerica IPO date of subscription is scheduled for Tuesday, March 24 and will close on Friday, March 27. The allocation to anchor investors for the Powerica IPO is scheduled to take place on Monday, March 23.

The floor price is 75 times the face value of the equity shares and cap price is 79 times the face value of the equity shares. The Powerica IPO lot size is 65 equity shares and in multiples of 65 equity shares thereafter.

Powerica IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional ...