Powerica IPO GMP, April 1 -- Power solutions provider Powerica is scheduled to make its stock market debut on the BSE and NSE on Thursday, April 2. The company's Rs.1,100 crore IPO saw moderate demand during its three-day bidding window.

The issue managed to sail through on the final day of subscription on Tuesday, March 24, mainly due to strong interest from qualified institutional buyers (QIBs), while the other investor categories remained undersubscribed.

The IPO had opened for public subscription on March 20 and concluded on March 24. The company had fixed the price band for the issue at Rs.163 to Rs.172 per share.

Ahead of listing on March 30, the grey market premium (GMP) for Powerica IPO showed muted price. It is currently at Rs...