- Important Dates
- How to Check Powerica IPO Allotment Status?
- Powerica IPO Subscription Details
- Powerica IPO GMP Update
- What’s Next After Allotment?
- Final Word
Powerica IPO allotment is expected on March 30, 2026. The issue closed with a total subscription of 1.53x, driven almost entirely by institutional buyers on the final day. Retail and HNI demand stayed low throughout. This blog helps you check your allotment status, understand what the subscription numbers mean, track the GMP, and know exactly what to do next.
Important Dates
- Allotment Date: March 30, 2026
- Initiation of Refunds: April 1, 2026
- Credit of Shares to Demat: April 1, 2026
- Listing Date: April 2, 2026
How to Check Powerica IPO Allotment Status?
Method 1: Check on BSE
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select Equity as the issue type
- Pick Powerica Limited from the IPO dropdown
- Enter your Application Number or PAN
- Click Submit to see your result
Method 2: Check on NSE
- Go to: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select Powerica Limited from the list
- Choose your search mode: PAN, Application Number, or DP/Client ID
- Enter your details and click Submit
Method 3: Check on MUFG Intime (Registrar)
MUFG Intime is the official registrar for the Powerica IPO.
- Go to: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- Select Powerica Limited from the IPO dropdown
- Choose PAN, Application Number, or DP/Client ID
- Fill in the required details
- Click Submit to view your allotment status
Powerica IPO Subscription Details
| Date | QIB (Ex Anchor) | NII | Retail | EMP | Total |
| Mar 24 (Day 1) | 0x | 0.01x | 0.02x | 0.32x | 0.01x |
| Mar 25 (Day 2) | 0x | 0.01x | 0.05x | 0.85x | 0.03x |
| Mar 27 (Day 3) | 4.74x | 0.47x | 0.16x | 1.3x | 1.53x |
Source: chittorgarh.com
- The entire subscription came in on Day 3, powered by QIBs at 4.74x. This is a classic institutional last-minute entry, not broad retail enthusiasm.
- Retail subscribed at just 0.16x, meaning the retail portion was undersubscribed. If you applied as a retail investor, your chances of receiving full allotment are very high.
- NII (non-institutional investors, typically high-net-worth individuals) also stayed under 1x at 0.47x, so there is no lottery-style competition in that category either.
Powerica IPO GMP Update
Powerica's grey market premium (GMP), which is the unofficial price at which shares trade before listing, opened at ₹5 a day before the IPO, implying a gain of 1.27% over the issue price of ₹395. It dipped to ₹1 on Day 2, recovered to ₹3 on the closing day, and is now at ₹4.5 on allotment day, suggesting an implied listing price of around ₹399.5 or a gain of about 1.14%. The overall GMP trend has been flat to slightly positive throughout, which points to neutral sentiment rather than strong listing excitement.
Disclaimer: GMP is an unofficial indicator and is subject to market volatility.
What’s Next After Allotment?
If shares are allotted
- Your allotment status will be visible on BSE, NSE, or MUFG Intime from March 30, 2026
- Shares will be credited to your demat account by March 31, 2026
- If you applied for multiple lots but received fewer, the blocked amount for unallotted lots will be released by March 31, 2026
- You can trade your shares from the listing day, April 2, 2026
If shares are not allotted
- Your UPI mandate or ASBA block (a system where your bank blocks the application money without debiting it) will be released by March 31, 2026
- Funds will return to your bank account around the same time
- Since retail subscription was only 0.16x, non-allotment for retail applicants is unlikely but if it happens, you can buy shares from the open market after April 2, 2026
- There is no lock-in period for retail investors after listing
For detailed information, visit Powerica’s official IPO page at INDmoney.
Final Word
Powerica's allotment is straightforward, given that retail and NII categories were undersubscribed, so most retail applicants should receive full allotment. The flat GMP and institutional-driven subscription together suggest this is a steady listing story, not a listing-gain trade, so check your demat account on March 31, 2026, and plan accordingly.
For more IPOs, check INDmoney’s IPO tracker here.
Disclaimer
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please be informed that merely opening a trading and demat account will not guarantee investment in securities in the IPO. Investors are requested to do their own independent research and due diligence before investing in an IPO. Please read the SEBI-prescribed Combined Risk Disclosure Document prior to investing. This post is for general information and awareness purposes only and is nowhere to be considered as advice, recommendation, or solicitation of an offer to buy or sell, or subscribe for securities. INDstocks is acting as a distributor for non-broking products/services such as IPO, Mutual Fund, and Mutual Fund SIP. These are not exchange-traded products. All disputes with respect to the distribution activity would not have access to the Exchange investor redressal forum or the Arbitration mechanism. INDstocks Private Limited (formerly known as INDmoney Private Limited) does not provide any portfolio management services, nor is it an investment adviser. Logos above are the property of respective trademark owners, and by displaying them, INDstocks has no right, title, or interest in them. SEBI Stock Broking Registration No: INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779), SEBI Depository Participant Reg. No. IN-DP-690-2022, Depository Participant ID: CDSL 12095500, Research Analyst Registration No. INH000018948 BSE RA Enlistment No. 6428.