Powerica IPO, March 19 -- The Rs.1,100-crore initial public offering (IPO) of Powerica, a power solutions company, will hit the Indian primary market next week on March 24. The offer will close for bidding on Friday, March 27.

Powerica IPO is priced at Rs.375 to Rs.395 per share, valuing the company at nearly Rs.5,000 crore. The company has cut its IPO size from the Rs.1,400 crore proposed in the draft papers filed in August 2025.

Investors can apply for the offer in lots of 37 shares and multiples thereof, resulting in a minimum payout of Rs.14,615.

Ahead of the offer launch, Powerica IPO shares are witnessing a tepid grey market premium (GMP). According to the websites tracking the unofficial market, Powerica IPO GMP stood at Rs.8. T...