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Rooftop Solar Firm Fujiyama Power Seeks ₹600 Crore in IPO
17 Nov
Summary
- Fujiyama Power IPO price band set at ₹216-228 per share
- IPO subscription at 40% on second day of bidding
- Shares to list on BSE and NSE on November 20
On November 13, Fujiyama Power Systems, a company specializing in rooftop solar solutions, launched its ₹600 crore initial public offering (IPO). The IPO price band has been set in the range of ₹216-228 per share.
As of November 15, the second day of bidding, the IPO subscription status stood at 40%. The allotment of shares will be finalized on November 18, and the shares are expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 20.
Located in Greater Noida, Fujiyama Power Systems offers a range of products and solutions for the rooftop solar sector, including on-grid, off-grid, and hybrid solar systems. The IPO consists of a new issuance of equity shares worth up to ₹600 crore, along with a sale of 10 lakh shares valued at ₹228 crore at the highest price, offered by the promoters.
