What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Fujiyama Power Systems Limited IPO allotment date?

The basis of allotment for Fujiyama Power Systems Limited IPO is scheduled to be finalized on 18 Nov 2025.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 19 Nov 2025.

Fujiyama Power Systems Limited

ListedMainboard

Electrical Equipment & Components · NSE / BSE

Incorporated in 2017, Fujiyama Power Systems Limited operates in the rooftop solar energy solutions industry and manufactures a wide range of products used in residential, commercial, and industrial solar setups. The company has a portfolio of 500+ SKUs that includes on-grid, off-grid, and hybrid solar inverters, solar panels, lithium-ion and tubular batteries, charge controllers, PWM chargers, and UPS systems, enabling reduced dependency on third-party OEMs. Fujiyama has a strong nationwide distribution network with over 480 distributors, 3,600+ dealers, and 1,000+ exclusive Shoppe franchisees, supported by 500+ trained service engineers. The company’s manufacturing facilities are located in Greater Noida (UP), Parwanoo (HP), and Bawal (Haryana).

Price Band

₹216 – ₹228

Issue Size

₹828 Cr

Lot Size

65 shares

GMP

—

Est. Listing

₹228

at current GMP

Subscribed

1.45x

overall

Open

13 Nov 2025

17 Nov 2025

Allotment

18 Nov 2025

Refund

19 Nov 2025

Demat Credit

20 Nov 2025

Listing

20 Nov 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Fujiyama Power Systems Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

18 Nov 2025

Basis finalization

Refunds Initiate

19 Nov 2025

Mandate release

Demat Credit

20 Nov 2025

Shares in demat

Listing Debut

20 Nov 2025

Trading begins

How to Check Fujiyama Power Systems Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Fujiyama Power Systems Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Fujiyama Power Systems Limited Public Issue & Market Profile

Fujiyama Power Systems Limited is bringing an initial public offering (IPO) in the Electrical Equipment & Components sector with an aggregate issue size of ₹828 Crores. The shares are offered at a price band of ₹216 to ₹228 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-11-17, the basis of allotment is scheduled to be finalized on 2025-11-18. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.