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Powerica IPO: Issue receives tepid response on Day 01, subscribed 0.01x; GMP signals flat listing

Powerica Limited's IPO launched on March 23 saw minimal interest, with only 0.01 times subscription. The company aims to raise ₹1,100 crore at a price band of ₹375 to ₹395. The IPO consists of a fresh issue and an offer for sale.

Mar 24, 2026 &03362424202631; 12:36 UTC www.livemint.com Trending 3/5

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Negative for markets

Sentiment score: -35/100

Low impact Short-term (days)

WHAT THIS MEANS

Powerica IPO received extremely weak demand (0.01x subscription) on Day 1, signaling investor disinterest in the ₹1,100 crore offering. GMP indicates flat listing expected, with minimal market impact on Indian equities or global indices.

AI CONFIDENCE

25% Low

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

FTSE MIB (Italy)

FTSEMIB.MIIndex

High volatility expected

Powerica IPO weakness is India-specific; minimal direct impact on European indices. News is 33min old and already reflected in market sentiment.

⇅

S&P 500

^GSPCIndex

High volatility expected

US markets unaffected by Indian IPO weakness. S&P 500 already up 1.15% on unrelated factors.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Skip trading on this catalyst. IPO weakness is India-domestic and already reflected in pricing. No tradable opportunity for global markets; focus on broader risk sentiment (VIX spike) instead. [PRICED_IN] [MOVE:0.2%]

KEY SIGNALS

0.01x subscription = severe demand collapseGMP flat = no listing premium expectedNews 33min old = already priced inVIX elevated (+2.94%) = broader risk-off sentiment, not IPO-driven

SECTORS INVOLVED

Financials (IPO/Capital Markets)Energy (Powerica focus)

Analysis generated on Mar 24, 2026 at 13:09 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Powerica IPO: Issue receives tepid response on Day 01, subscribed 0.01x; GMP signals flat listing

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