Archive · 14 Nov 2025
Fujiyama Power Systems IPO Sees Muted Demand on Day 2, Priced Fully
Fujiyama Power Systems, a company that makes solar power products for rooftops, is selling shares to the public for the first time.
They want to raise money to build a new factory and pay back some loans.
The price for each share is set between ₹216 and ₹228.
On the second day of selling shares, not many people have bought them yet, with only about a third of the shares being subscribed.
There's no extra demand in the 'grey market,' meaning people aren't paying more than the set price.
Some experts think the company has good potential because it's in the growing solar energy business, but they also note the price might be a bit high compared to similar companies.
It's recommended to 'Subscribe for Long-Term Investment' despite the current valuations.
Fujiyama Power Systems IPO is in its second day of bidding, which closes on November 17.
The company aims to raise ₹828 crore through a mix of fresh issue and offer-for-sale, with a price band of ₹216 to ₹228 per share.
As of Friday, the IPO has been subscribed 33%, with QIBs showing the highest subscription rate.
The grey market premium (GMP) for Fujiyama Power Systems IPO is ₹0, indicating no premium or discount to the issue price.
Analysts recommend 'Subscribe for Long-Term Investment' due to the company's position in the solar sector, despite fully priced valuations.
- Who
- Fujiyama Power Systems Ltd.
- What
- Initial Public Offering (IPO) for rooftop solar products manufacturer
- When
- Bidding open from November 13 to November 17
- Where
- Listing on BSE and NSE
- Why
- To raise funds for establishing a manufacturing facility, repaying borrowings, and general corporate purposes.
- Company
- Fujiyama Power Systems Ltd.
- Issue Type
- Book Building Issue
- Price Band
- ₹216 to ₹228 per share
- Lot Size
- 65 shares
- IPO Size
- ₹828 crore
- Anchor Investors
- ₹246.9 crore raised from 15 investors
- Listing Date
- November 20