Fujiyama Power Systems’ IPO allotment is being finalized today. Applicants can check status on BSE, NSE, and the registrar MUFG Intime India portals. The issue was subscribed over 2x, with a price band of ₹216–₹228 and listing slated for November 20. GMP is flat around ₹1–₹2 above issue price.
Fujiyama Power Systems’ IPO allotment is set to be finalized today, with investors able to check their status through the BSE, NSE, and MUFG Intime India (formerly Link Intime) portals. The rooftop solar solutions provider’s ₹828-crore issue saw decent demand, with overall subscription exceeding two times during November 13–17.
Key highlights
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Where to check: BSE, NSE, and MUFG Intime India registrar portals; BSE allotment page link: https://www.bseindia.com/investors/appli_check.aspx
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Price band: ₹216–₹228 per share; listing expected on BSE and NSE on November 20
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Subscription: More than 2x overall; some trackers peg it at approximately 2.21x
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GMP update: Grey market premium indicated around ₹1–₹2, or roughly flat to 0.66% over IPO price, suggesting muted listing expectations
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Next steps: If allotted, monitor refund/mandate status and demat credit; if not, watch for post-listing volatility and consider fundamentals before any secondary-market decisions
The allotment outcome, coupled with a largely flat GMP, points to a measured debut, with performance likely driven by execution, order book visibility, and rooftop solar demand trends.
Sources: Moneycontrol, LiveMint, IPOWatch, INDmoney