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The Economic Times

Markets / The Economic Times

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Ahead of IPO, Powerica mobilises Rs 329 crore from anchor investors

Powerica Ltd secured Rs 329.40 crore from anchor investors. The company's Rs 1,100-crore IPO opens for subscription on March 24. Funds will be used to reduce debt and for general corporate purposes. This is Powerica's second attempt to go public. The company is an integrated power solutions provider. Its stock market debut is scheduled for April 2.

23 Mar 2026 10:40 pm