
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
Close
17 Nov 2025
Allotment
18 Nov 2025
Refund
19 Nov 2025
Demat Credit
20 Nov 2025
Listing
20 Nov 2025
Overall Subscription
1.45x
Total Demand
QIB Multiplier
3.50x
Institutions & Funds
NII / HNI
0.54x
High Net-Worth
Retail (RII)
0.68x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 7,219,298 | 25,246,195 | 3.50x |
| NIB | 5,414,474 | 2,948,205 | 0.54x |
| HNIs(10L +) | 3,609,649 | 1,240,460 | 0.34x |
| HNIs (2-10L) | 1,804,825 | 1,707,745 | 0.95x |
| RETAIL | 12,633,772 | 8,647,925 | 0.68x |
| EMPLOYEES | 219,298 | 228,345 | 1.04x |
| Total | 30,901,316 | 40,018,875 | 1.45x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 194,366 | 100,277 | 0.52x |
| EMPLOYEES | — | 1,686 | 0.00x |
| HNIs(10L +) | 3,967 | 246 | 0.06x |
| HNIs (2-10L) | 1,983 | 1,509 | 0.76x |
| Total Applications | 200,316 | 103,718 | 0.52x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
Currently, Fujiyama Power Systems Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹216 to ₹228 per equity share.
The retail lot size is 65 shares requiring a minimum application amount of ₹14,820. Expected listing price is ₹228 per equity share.
The Fujiyama Power Systems Limited IPO aggregate issue size is ₹828 Crores with an equity price band set at ₹216 to ₹228 per equity share. The retail lot size is 65 shares requiring a minimum capital outlay of approx. ₹14,820.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.45x (Retail: 0.68x, QIB: 3.50x, NII: 0.54x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-11-18. Investors can verify status using PAN card or application number.
Fujiyama Power Systems Limited shares are scheduled to list on NSE and BSE on 2025-11-20.