Mumbai-based Powerica raised ₹329.4 crore from 17 anchor investors ahead of its ₹1,100 crore IPO opening on March 24. The issue comprises a ₹700 crore fresh issue and ₹400 crore offer-for-sale, priced at ₹375–395 per share. Major participation came from domestic mutual funds and insurance firms, with SBI Mutual Fund as the largest investor.
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