Powerica IPO allotment in focus today; latest GMP, 6 steps to check status

AI Analysis

IPO allotments are key events for primary market investors. A positive GMP suggests investor interest and potential for listing gains, which can influence sentiment for future IPOs.

Trading Insight

Neutral for the broader market; specific action for IPO applicants is to check allotment and prepare for listing.

Quick check: HDFCBANK bearish bias (oversold), ICICIBANK bearish bias (-1.7% 1d).

Key Evidence

•Powerica IPO allotment will be finalized today, March 30.
•Investors can check allotment status on the MUFG Intime portal.
•Shares will be deposited in demat accounts by April 1.
•Refunds will start for those not receiving shares.
•Powerica IPO GMP today is ₹6.5.

Sectors:banking

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