Fujiyama Power Systems IPO Day 3: Check live subscription status, allotment date and steps

Fujiyama Power Systems IPO: The initial public offering of rooftop solar solutions provider Fujiyama Power Systems has been subscribed 65% so far Monday, November 17, the final day of bidding.

It received bids for 1,71,06,310 shares as against 2,63,47,221 shares on offer, according to the NSE data until 11:41 am.

The qualified institutional buyers (QIBs) portion attracted 1.32 times subscription, while retail investors segment was subscribed 46%. The non-institutional investors category received a 20% subscription.

The ₹828 crore initial share sale, with a price band of ₹216 to ₹228 per share, is a mix of fresh issuance of shares aggregating to ₹600 crore and an offer for sale (OFS) of ₹228 crore by promoters Yogesh Dua and Pawan Kumar Garg. A lot consists of 65 shares.

The fresh issue proceeds will be utilised for part-financing the establishment of a manufacturing facility in Ratlam, debt repayment and corporate general purposes.

Greater Noida-based Fujiyama Power Systems is among the leading integrated providers of solar energy solutions in India. It provides rooftop solar systems and power backup products under its flagship brands 'Fujiyama Solar' and 'UTL Solar'.

Fujiyama Power Systems IPO allotment and listing date

Fujiyama Power Systems IPO allotment status is expected to be finalised on Tuesday, November 18. The company's shares will be listed on the NSE and the BSE on Thursday, November 20.

Fujiyama Power Systems IPO allotment status on MUFG Intime India; step-by-step guide

• Visit MUFG Intime India's portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From IPOs, pick ‘Fujiyama Power Systems Limited’
• Fill in PAN, Application No, Account No/IFSC, or DP/Client ID
• Click on the ‘Submit’ button

How to check Fujiyama Power Systems IPO allotment status on NSE

• Head to the bid verification page on NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’ option
• Choose ‘UTLSOLAR’ from the 'Select Symbol' list
• Mention your application number and PAN
• Press the 'Submit' button

Steps to check Fujiyama Power Systems IPO allotment status on BSE

• Go to the IPO status portal of BSE: https://bseindia.com/investors/appli_check.aspx
• Select the 'Equity' option
• Choose ‘Fujiyama Power Systemsdia Limited’ from public issues
• Add either your PAN or IPO application number
• Hit the ‘Search’ button

Fujiyama Power Systems IPO GMP

According to media reports and investorgain.com, Fujiyama Power Systems' unlisted shares are trading at ₹228, reflecting a grey market premium of 0% over the upper price band of ₹228.