Powerica IPO Day 2: Issue booked 1% so far. Check GMP, subscription, review. Apply or not?

Powerica IPO, valued at ₹1,100 crore, is open for subscription from March 24 to 27. The price band is set at ₹375-395. The company secured ₹329.40 crore from anchor investors and has allocated shares for institutional and retail investors.