Rs 1,100 crore Powerica IPO opens for subscription. Check price band, GMP, analyst views

Powerica Limited's Rs 1,100 crore IPO opened on Tuesday, aiming to raise funds for debt repayment and corporate needs. The company, a key diesel generator set provider with strong OEM ties, offers shares at Rs 375-395. Despite a muted grey market premium, analysts suggest subscribing for long-term potential driven by data center demand.