Fujiyama Power Systems IPO Enters Third Day with Moderate Response
The initial public offering of Fujiyama Power Systems, which commenced on November 13, has now entered its third day of subscription. The company, which provides comprehensive solutions for the rooftop solar industry, has set a price band of ₹216 to ₹228 per share for its public issue.
Current Subscription Status and Offer Details
As the IPO progresses toward its November 17 closing date, the subscription data reveals moderate investor interest. On the second day of bidding, the Fujiyama Power Systems IPO had achieved 40% subscription, indicating steady but cautious participation from investors.
The IPO structure comprises two components: a fresh issuance of equity shares worth up to ₹600 crore, combined with an offer for sale of 10 lakh shares by promoters. At the upper price band of ₹228 per share, the offer for sale component translates to approximately ₹228 crore in value.
Grey Market Sentiment and Company Background
Market sentiment, as reflected in the grey market, remains neutral. According to data from investorgain.com, the grey market premium (GMP) for Fujiyama Power IPO stands at ₹0. This indicates that shares are trading at their issue price of ₹228 without any premium or discount in the unofficial market.
Headquartered 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 solutions specifically for rooftop solar installations.
Their expertise spans across multiple solar system configurations, including:
- On-grid solar systems
- Off-grid solar systems
- Hybrid solar systems
This comprehensive approach positions the company to capitalize on India's growing emphasis on renewable energy and solar power adoption.
Market Outlook and Investor Considerations
The moderate subscription response combined with a flat grey market premium suggests that investors are taking a measured approach to this public offering. The renewable energy sector in India continues to show promising growth potential, driven by government initiatives and increasing environmental awareness.
As the IPO enters its final subscription days, market observers will be watching closely to see if investor interest picks up momentum. The company's focus on the rooftop solar segment aligns with India's renewable energy targets, potentially making it an attractive proposition for long-term investors seeking exposure to the green energy transition.
Potential investors have until November 17 to submit their bids for the Fujiyama Power Systems IPO, with the final allocation and listing dates to be announced following the subscription period closure.
