Powerica IPO, March 23 -- The initial public offering (IPO) of Powerica will open for public subscription on Tuesday, March 24. The book build issue of about Rs.1,100 crore will remain open till Friday due to the market holiday on Thursday.

Powerica is an integrated power solutions provider company. It specialises in diesel generator sets for primary as well as standby applications. The company manufactures diesel generator sets along with auxiliary items, including acoustic enclosures, fuel and exhaust systems, and customised control panel systems.

Meanwhile, the grey market premium (GMP) of Powerica shares indicates the stock may see a muted listing on the BSE and the NSE.

According to grey market sources, the Powerica IPO GMP on Mon...