Market News
Fujiyama Power Systems IPO allotment status: Check online on NSE, BSE, MUFG Intime India; listing date, time here
4 min read | Updated on November 18, 2025, 08:40 IST
SUMMARY
Fujiyama Power Systems IPO allotment status: The ₹828 crore book-build issue, with a price band of ₹216 to ₹228 per share, was a mix of fresh issuance of shares valued at ₹600 crore and an offer for sale (OFS) of ₹228 crore by promoters Pawar Kumar Gard and Yogesh Dua.
Fujiyama Power Systems provides rooftop solar systems and power backup products. | Image: fujiyamautisolar.com
Fujiyama Power Systems IPO allotment: Rooftop solar solutions provider Fujiyama Power Systems' basis of allotment is expected to be finalised on Tuesday, November 18. The bid finalisation details will be updated on the websites of the registrar MUFG Intime India, the NSE and the BSE.
The initial public offering was subscribed 2.14 times, with a total bid of 5,63,26,595 shares as against 2,63,47,221 shares on offer, according to the NSE data.
| Category | Reserved | No of Shares Bid For | No of Times |
|---|---|---|---|
| Qualified Institutional Buyers | 73,42,591 | 3,78,22,200 | 5.15 |
| Non-Institutional Investors | 56,31,945 | 49,78,545 | 88% |
| Retail Investors | 1,31,41,204 | 1,31,85,965 | 1 |
| Total | 2,63,47,221 | 5,63,26,595 | 2.14 |
The ₹828 crore book-build issue, with a price band of ₹216 to ₹228 per share, was a mix of fresh issuance of shares valued at ₹600 crore and an offer for sale (OFS) of ₹228 crore by promoters Pawar Kumar Gard and Yogesh Dua.
The fresh issue proceeds will be used for the following objects:
| Purpose | Amount |
|---|---|
| Part financing the cost of establishing the manufacturing facility in Ratlam | ₹180 crore |
| Repayment of outstanding borrowings availed by the company | ₹275 crore |
| General corporate purposes | Unspecified |
Fujiyama Power Systems is a manufacturer of products and a solution provider in the rooftop solar industry, including off-grid, on-grid and hybrid solar systems. It is involved in solar panel manufacturing, solar inverter manufacturing (covering on-grid, off-grid and hybrid solutions) and both lithium-ion and lead acid battery production. The company sells its products under the 'UTL Solar' and 'Fujiyama Solar' brands.
Fujiyama Power Systems IPO allotment date and time
How to check Fujiyama Power Systems IPO allotment status online on MUFG Intime India
- Open the registrar's website in your browser: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- From the list of IPOs visible, click on 'Fujiyama Power Systems Limited'
- Add your PAN, Application No, DP/Client ID or Account No/IFSC
- Press the ‘Submit’ button
Steps to check Fujiyama Power Systems IPO allotment status online on NSE
- Go to NSE's bid verification page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity & SME IPO bid details’
- Pick ‘UTLSOLAR’ from the 'Select Symbol' dropdown list
- Add your PAN and application number
- Click on the 'Submit' button
Fujiyama Power Systems IPO allotment status online on BSE
- Visit this URL: https://bseindia.com/investors/appli_check.aspx
- Keep issue type as 'Equity'
- From the 'issue name' list, choose ‘Fujiyama Power Systems Limited’
- Identify yourself with the IPO application number or PAN
- Hit the ‘Search’ button
Fujiyama Power Systems IPO listing date and time
Shares of Fujiyama Power System will be listed on the NSE and the BSE on November 20 at 10 am.
Fujiyama Power Systems IPO GMP
According to media reports and investorgain.com, Fujiyama Power Systems' unlisted shares are trading at ₹229.5, reflecting a grey market premium of 0.66% over the upper price band of ₹228.
Related News
About The Author
Next Story
