If you have placed a bid for the Fujiyama Power Systems IPO, which opened on November 13 and closed on November 17, your wait is nearly over. The allotment of shares is expected to be finalised on November 18, while the listing is scheduled for November 20.
The price band for the IPO was set at Rs 216-228.
Here’s a quick and easy guide to check your IPO allotment status online.
How to check IPO allotment status
Via BSE Website
- Go to the BSE IPO allotment status page.
- Select ‘Equity’ as the issue type.
- From the dropdown, choose ‘Fujiyama Power Systems’.
- Enter your application number or PAN.
- Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Via NSE Website
- Visit the NSE IPO application tracking page.
- Then, click on ‘Equity and SME IPO Bid Details’.
- Select ‘Fujiyama Power Systems’ from the list.
- Provide the details such as your application number and PAN.
- Submit to view your allotment status.
Via the Registrar’s Website
- Go to the official site of the registrar MUFG Intime.
- Select ‘Fujiyama Power Systems’ from the dropdown.
- Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
- Fill in the necessary details and press Search to check your status.
Subscription snapshot
The Fujiyama Power Systems saw a strong response from investors. By the end of the bidding window, the overall subscription stood at 2.21 times.
- Qualified Institutional Buyers (QIBs): 5.24 times
- Non-Institutional Investors (NIIs): 0.92 times
- Retail Investors: 1.05 times
Grey Market
The grey market premium (GMP) for Fujiyama Power Systems is currently around Rs 1.5, suggesting a likely listing price of Rs 229.5. This translates to a potential gain of around 0.66% from the upper end of the price band. However, GMP is unofficial and may not always reflect actual listing performance.
IPO details
The public issue of Fujiyama Power Systems was open for subscription from November 13 to November 17, with the company aiming to raise Rs 828 crore through the initial public offering. The price band for the issue was fixed between Rs 216-228 per share.
The issue is being managed by Motilal Oswal Investment Advisors, while MUFG Intime is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on NSE, BSE on November 20.