Archive · 20 Nov 2025
Fujiyama Power IPO Lists Weakly, Despite Strong Subscription
Fujiyama Power Systems' initial public offering (IPO) was subscribed to more than 2 times on the final day.
However, the shares listed on the stock market at ₹220, which is 3.5% lower than the issue price of ₹228.
The IPO raised ₹828 crore, and the company plans to use the funds for expanding its manufacturing facility, repaying debt, and other general purposes.
Fujiyama Power Systems specializes in manufacturing rooftop solar products and solutions.
Fujiyama Power Systems IPO subscribed 2.14 times on the final day
Shares listed at ₹220, down 3.5% from issue price of ₹228
Grey market premium (GMP) indicated listing at ₹228.5, a premium of 0.22%
IPO raised ₹828 crore, with proceeds for manufacturing facility, debt repayment, and general purposes
Fujiyama Power Systems manufactures rooftop solar products and solutions
- Who
- Fujiyama Power Systems
- What
- Initial Public Offering (IPO)
- When
- November 13-17, 2023; listed on November 20, 2023
- Where
- Stock market
- Why
- To raise funds for expansion and debt repayment
Strong Subscription
Weak Listing
IPO Subscription
Strong Subscription
2.14 times subscribed on the final day
Weak Listing
Listed at ₹220, down 3.5% from issue price
- IPO Size
- ₹828 crore
- Subscription Status (Final Day)
- 2.14 times subscribed
- Listing Price
- ₹220
- Issue Price
- ₹228
- Funds Allocation
- Manufacturing facility expansion, debt repayment, general corporate purposes
Sources
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