The Economic Times

Powerica IPO Day 3: Issue sees 1.45x subscription on final day; GMP and key details inside

Powericas IPO closed with 1.45x subscription on Day 3, driven mainly by strong QIB demand at 4.5x, while retail interest stayed weak. The grey market showed a marginal Rs 2 premium over the issue price of Rs 395. The company aims to raise 1,100 crore through a mix of fresh issue and OFS.