Powerica IPO sees muted response; GMP slips, subscription remains weak

As of 11:55 am on March 25, the issue was subscribed 2%, according to NSE data. The retail individual investors (RIIs) portion saw 3% subscription, while the non-institutional investors (NIIs) segment was subscribed 1%. The qualified institutional buyers (QIBs) portion is yet to see meaningful bids.

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