Investors who participated in the Fujiyama Power Systems initial public offering can finally discover their allotment status as the company finalizes share distribution today, Tuesday, November 18. This marks a crucial milestone for those who applied during the subscription period.
How to Check Fujiyama Power IPO Allotment Status
The process for verifying share allocation is straightforward. Applicants need to visit the official registrar portal managed by MUFG Intime India Private Ltd (formerly Link Intime India Private Ltd). Through this platform, investors can determine whether they have been awarded shares and the exact quantity allocated to them.
The Fujiyama Power IPO witnessed healthy investor interest during its subscription window, which opened on Thursday, November 13 and concluded on Monday, November 17. Market data indicates the issue was subscribed 2.14 times by the final day, demonstrating substantial demand from the investment community.
Market Performance and Company Background
Current market sentiment appears positive for Fujiyama Power Systems. The company's grey market premium (GMP) stands at ₹1.5, suggesting shares are trading at approximately ₹229.5 in unofficial markets, slightly above the issue price of ₹228 per share.
Based in Greater Noida, Fujiyama Power Systems has established itself as a significant player in India's renewable energy sector. The company specializes in manufacturing products and delivering comprehensive solutions within the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems.
Important Dates and Next Steps
For successful applicants, the allocated shares will be credited directly to their demat accounts on Wednesday, November 19. Meanwhile, investors who did not receive any shares will see their refund process initiated on the same date.
The company has scheduled its official stock market debut for Thursday, November 20, when Fujiyama Power Systems shares will begin trading on public exchanges.
The Fujiyama Power Systems IPO comprises a fresh issuance of equity shares valued at up to ₹600 crore, complemented by an offer for sale of 10 lakh shares priced at ₹228 crore at the upper price band, presented by the company's promoters.
