Archive · 12 Nov 2025
Fujiyama Power Systems IPO Opens with Nil Grey Market Premium
Fujiyama Power Systems is a company that works with solar energy, specifically rooftop solar systems.
They are offering shares to the public for the first time through an IPO.
The IPO started on November 13 and will end on November 17.
They are trying to raise ₹600 crore to build a new factory, pay back some loans, and for general business needs.
The 'grey market premium' is currently zero, which means people aren't very excited about the stock right now, and it might start trading at its set price.
The company has shared its financial details, showing growth in profits and revenue over the last few years.
Investors can buy shares in specific amounts called lots, with the smallest investment for individuals being about ₹14,820.
The company's shares are expected to be listed on the stock market on November 20.
Fujiyama Power Systems IPO opened on November 13 and will close on November 17.
The company aims to raise ₹600 crore through its fresh issue of shares.
The price band for the IPO is set between ₹216 to ₹228 per equity share.
The grey market premium (GMP) was nil as of November 12, indicating low investor interest.
Funds raised will be used for establishing a manufacturing facility, repaying borrowings, and general corporate purposes.
The IPO includes a reservation of 50% for QIBs, 35% for retail investors, and 15% for NIIs.
The minimum investment for a retail investor is ₹14,820 for one lot of 65 shares.
Motilal Oswal Investment Advisors Ltd. is the book-running lead manager for the IPO.
Share allotment is expected on November 18, with refunds on November 19.
Fujiyama Power Systems is engaged in the rooftop solar industry, including on-grid, off-grid, and hybrid systems.
- Who
- Fujiyama Power Systems
- What
- Initial Public Offering (IPO)
- When
- Opens November 13, closes November 17, lists November 20
- Where
- India
- Why
- To establish a manufacturing facility, pay borrowings, and for general corporate purposes.
Investors anticipating higher returns
Investors with cautious or neutral outlook
Grey Market Premium (GMP)
Investors anticipating higher returns
The nil GMP suggests a lack of investor excitement and potentially a listing at or below the issue price, signaling caution.
Investors with cautious or neutral outlook
A nil GMP may indicate a neutral market sentiment, where investors are waiting for definitive performance data post-listing rather than speculative gains.
- Company
- Fujiyama Power Systems
- IPO Size
- ₹600 crore (fresh issue)
- Price Band
- ₹216 – ₹228 per equity share
- IPO Open Date
- November 13
- IPO Close Date
- November 17
- Listing Date
- November 20
- Minimum Investment
- ₹14,820 (for retail investors)
- Book-running Lead Manager
- Motilal Oswal Investment Advisors Ltd.
Sources
Fujiyama Power Systems IPO: From business overview, financials to key risks— 10 key things to know from RHP
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