Fujiyama Power Systems IPO Day 2: Check Subscription Status & Key Highlights
The Fujiyama Power Systems IPO enters its second day of subscription today, 14 November 2025. By the end of the first day, the issue was subscribed 0.09 times overall. The bidding window is scheduled to close on November 17, 2025.
Fujiyama Power Systems IPO: Issue Details
The Fujiyama Power Systems IPO is a book-building issue of ₹828 crores, consisting of a fresh issue of ₹600 crores and an offer for sale of ₹228 crores by promoters Pawan Kumar Garg and Yogesh Dua. The price band is set between ₹216 and ₹228 per share.
The basis of allotment will be finalised by November 18, 2025, and the tentative listing date on NSE and BSE is November 20, 2025.
The book-running lead managers for the IPO are Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited, while KFin Technologies Limited serves as the registrar for the issue.
Fujiyama Power Systems IPO Day 2 Subscription Status
[14-November-2025 12:09:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.08 |
|
Retail Individual Investors (RIIs) |
0.22 |
|
Employees |
0.26 |
|
Total |
0.13 |
Fujiyama Power Systems IPO Day 1 Subscription Status
[13-November-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.05 |
|
Retail Individual Investors (RIIs) |
0.16 |
|
Employees |
0.21 |
|
Total |
0.09 |
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS (offer for sale) component; instead, they will be directly allocated to the selling shareholders.
The net proceeds from the fresh will be used to
- Repay/prepay outstanding debt
- General corporate purposes
- Partially finance the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh
Fujiyama Power Systems Business Overview
Fujiyama Power Systems manufactures solar panels, solar inverters (covering on-grid, hybrid, and off-grid models), and both lead-acid and lithium-ion batteries. The company operates in the rooftop solar energy sector, specialising in the design, development, and production of advanced solar solutions across on-grid, off-grid, and hybrid segments.
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