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(18/03/2026 12:20)

Powerica announces launch of initial public offering

Powerica Ltd. has announced public offering of 27848101 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 390.00 per share. The gross proceeds of the issue are expected to be Rs 110,000.00 lakhs.

The company's initial public offer (IPO) will open on Tuesday, March 24, 2026 and is expected to close on Friday, March 27, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 375.00-395.00 per share.

The IPO includes a fresh Issue of 27848101 Equity Shares of the Company at an price of Rs 395.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 37 shares with bids in multiples of 37.

Powerica Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,IIFL Capital Services Limited,Nuvama Wealth Management Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
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