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.

What is the estimated listing price for Fujiyama Power Systems Limited IPO?

Based on the upper price band of ₹228 and current GMP of ₹0, the estimated listing price is ₹228 (approx. 0.0% gain).

What is the expected profit per lot for Fujiyama Power Systems Limited IPO?

With a lot size of 65 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

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

Live Grey Market Premium

Fujiyama Power Systems Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹228

Band: ₹216 – ₹228

Estimated Listing Price

₹228

Upper price + GMP

Lot Size

65 shares

Min investment ₹14,820

Date	GMP (₹)	GMP %	Est. Listing
10 Nov 2025	—	0.0%	₹228
11 Nov 2025	—	0.0%	₹228
13 Nov 2025	—	0.0%	₹228
14 Nov 2025	—	0.0%	₹228
17 Nov 2025	+₹1	0.4%	₹229
19 Nov 2025	—	0.0%	₹228

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Fujiyama Power Systems Limited IPO GMP today?

The latest grey market premium for Fujiyama Power Systems Limited IPO is ₹0, which indicates an expected listing price of ₹228.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

Fujiyama Power Systems Limited

Fujiyama Power Systems Limited GMP Today

Fujiyama Power Systems Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Fujiyama Power Systems Limited Public Issue & Market Profile

Frequently Asked Questions

What is Fujiyama Power Systems Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?