Fujiyama Powers Up IPO with ₹216–₹228 Price Band, Eyes ₹828 Cr Raise

Fujiyama Power Systems Sets IPO Terms, Eyes Expansion and Debt Reduction  
As per the NSE circular and official filings, Fujiyama Power Systems Limited will open its Initial Public Offering (IPO) for public subscription on November 13, closing on November 17. The company has fixed a price band of ₹216 to ₹228 per equity share of face value ₹1. The IPO comprises a fresh issue of ₹600 crore and an offer for sale of 1 crore equity shares by promoter Pawan Kumar Garg, aggregating to ₹828 crore.

The proceeds will be used to expand manufacturing capacity, repay borrowings, and fund general corporate purposes. The anchor investor allocation is scheduled for November 12. The shares are proposed to be listed on BSE and NSE on November 20. Investors can bid in lots of 65 shares and multiples thereof.

Important points  

• IPO price band: ₹216–₹228 per share  
• Issue size: ₹828 crore (₹600 crore fresh + 1 crore OFS shares)  
• Subscription dates: Nov 13–17; listing on Nov 20  
• Anchor book opens Nov 12; lot size: 65 shares  
• Use of proceeds: expansion, debt repayment, corporate needs  

Sources: NSE Circular, Livemint, Financial Express, Business Today, IPO Ji, Chittorgarh