livemint_marketsabout 4 hours ago
BEARISH(80%)
sell
Powerica IPO Day 3: Issue booked 3% so far. Check GMP, review. Apply or avoid?
Read original source-31.8
Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
Low subscription rates for IPOs often lead to weak post-listing performance, especially in a cautious market.
Trading Insight
Bearish bias for Powerica IPO; consider avoiding subscription.
Quick check: MARUTI bearish bias (oversold), TATAMOTORS neutral (+2.1% 1d).
Key Evidence
- •Powerica IPO has garnered only a 3% subscription so far.
- •Price band set at ₹375-395.
- •Company raised ₹329.40 crore from anchor investors.
- •Shares are anticipated to be listed on April 2.
- •Risk flag: Lack of investor demand
Sectors:auto
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