Fujiyama Power Systems IPO opens today: Check GMP, subscription, and other key details

Fujiyama Power Systems IPO subscription opens on November 13 to raise Rs 828 crores from the primary markets. The IPO, which will close on November 17, is a combination of 2.63 crores fresh shares, aggregating to Rs 600 crores, and an offer for sale of 1 crore shares amounting to Rs 228 crores. The company set the IPO price band between Rs 216 to Rs 228 per equity share. 

Fujiyama Power Systems IPO: Allotment and listing

The allotment for the IPO shares is expected to be finalised on November 18, while the listing on BSE and NSE is likely to be on November 20, as per the tentative schedule.

Fujiyama Power Systems IPO: Lot size

A retail buyer can bid for a minimum of 65 shares in one lot, amounting to Rs 14,820. The lot size investment for a small Non-Institutional Investor (NII) is 14 lots of 910 shares, totalling Rs 2 lakh, and for a big NII, it is 68 lots of 4,420 shares, equalling Rs 10 lakh.

Fujiyama Power Systems IPO: Book runners and registrar

Motilal Oswal Investment Advisors is working as the lead book runner of the stock, while MUFG Intime India is the registrar for the issue.

About Fujiyama Power Systems

Fujiyama Power Systems manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. The company has created a comprehensive range of products consisting of more than 522 SKUs, which include solar inverters, panels, and batteries, to reduce customer dependence on other OEMs.

The customer serves its clientele through a vast distribution network consisting of more than 725 distributors, 5,546 dealers, and 1,100 dedicated “Shoppe” franchisees who are trained to understand customer requirements and deliver customised solar solutions. Furthermore, the company has over 602 qualified service engineers available to provide maintenance and technical assistance.