Fujiyama Power Systems will begin trading on the NSE and BSE today at 10 AM. The company has already completed its IPO allotment process.
IPO Price & Structure
Price band: ₹216–₹228 per share
Fresh issue: ₹600 crore
Offer for sale: ₹228 crore by the promoters
Subscription
The IPO was subscribed 2.14 times in total.
Institutional investors showed strong interest.
Retail and non-institutional portions saw moderate demand.
Grey Market Premium (GMP)
The unofficial grey market shows a small premium of around ₹229.5, which is roughly 0.66% above the upper price band. This is only an informal indicator and not reliable for predicting the listing price.
Where the Funds Will Be Used
Fujiyama plans to use the money for:
Setting up a new manufacturing facility in Ratlam (₹180 crore)
Repaying loans (₹275 crore)
Other general corporate needs
What the Company Does
Fujiyama works in the rooftop solar and power-backup space.
It makes:
Solar panels
Solar inverters
Lithium-ion and lead-acid batteries
Products are sold under the UTL Solar and Fujiyama Solar brands.
Checking Your Allotment
Allotment status can be checked on:
MUFG Intime India (registrar)
NSE IPO status page
BSE IPO status page
You just need your PAN, application number, or DP ID.
