Fujiyama Power Systems IPO Day 3 LIVE: Issue booked 68% so far. GMP trades flat. Should you apply or not?

Fujiyama Power IPO Day 3 LIVE: The initial public offering (IPO) of Fujiyama Power Systems, which provides solutions for the rooftop solar industry, opened on November 13 and will conclude on November 17. On the second bidding day, Fujiyama Power Systems IPO subscription status was 40%. Fujiyama Power Systems IPO price band has been set in the range of ₹216-228 per share.

Fujiyama Power Systems IPO consists of a new issuance of equity shares totaling up to ₹600 crore, along with a sale of 10 lakh shares valued at ₹228 crore at the highest price, offered by the promoters.

Located in Greater Noida, Fujiyama Power Systems specializes in manufacturing products and offering solutions in the rooftop solar sector, encompassing on-grid, off-grid, and hybrid solar systems.

Fujiyama Power IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹228 with no premium or discount in the grey market according to investorgain.com

(Stay tuned for more updates)

Fujiyama Power Systems IPO Day 3 LIVE: As of FY25, the manufacturing facility in Greater Noida, Uttar Pradesh has an available installed capacity of manufacturing 656,547 solar panels, 387,504 solar inverters and UPS, 309,504 e-Rickshaw chargers and 7,488 lithium-ion batteries.

The manufacturing facility located in Parwanoo, Himachal Pradesh has an available installed capacity of manufacturing 51,917 solar PCUs and UPS. The battery plant in Bawal, Haryana has an available installed capacity of manufacturing 439,296 tubular batteries and 195,669 solar panels. The manufacturing facility at Dadri, Uttar Pradesh has an available installed capacity of manufacturing 20,060 solar panels

Fujiyama Power Systems IPO Day 3 LIVE:

Fujiyama Power Systems IPO Day 3 LIVE: Fujiyama Power operate four state-of-the-art manufacturing facilities strategically located across India, enabling to maintain quality, scalability, and responsiveness to regional demand. Company is a technology-driven company with a strong focus on research and development (R&D) and continuous product innovation aimed at enhancing energy efficiency, reliability, and customer value

Fujiyama Power Systems IPO Day 3 LIVE: According to Anand Rathi Research, Fujiyama Power System could be one of the biggest beneficiary due to government initiative like Rooftop Solar Scheme Phase II, PM-KUSUM, PM Surya Ghar-Muft Bijli yojna, solar park development, and the National Wind-Solar Hybrid Policy. The company aims to expand its reach through a curated distribution model and gradually scaling their UTL Solar Shoppe network to meet growing demand.

“At the upper price band, the company is valued at P/E of 45x FY25 EPS, implying a post-issue market capitalization of Rs.69,862 million post issue of equity shares. Considering these factors, the IPO appears fully priced and is rated “Subscribe – Long Term,” said Anand Rathi Research.

Fujiyama Power Systems IPO Day 3 LIVE:1. Expand the manufacturing base for solar panels, inverters and batteries and strengthen back-end integration in solar panels.

2. Further strengthening domestic distribution and retail network and increase export sales.

3. Address market opportunities with a focus on continuously developing more efficient products and using innovative marketing tools and sales strategies, such as actionable influence.

Fujiyama Power Systems IPO Day 3 LIVE:

Fujiyama Power Systems IPO Day 3 LIVE: According to Adroit Financial Services, the Company intends to utilize the capital towards part financing the cost of establishment of their facility, which uponcommencement will more than double their current capacity. They are also allocating the capital towards reducing their debt which will significantly reduce their finance costs and improve their bottom line.

“Therefore, it is recommended to “Subscribe” to the IPO for long-term investment, considering its growth potential,” said the brokerage.

Fujiyama Power Systems IPO Day 3 LIVE: Fujiyama Power Systems Limited creates products and offers solutions within the rooftop solar sector, which includes on-grid, off-grid, and hybrid solar systems. The company has developed a wide product range consisting of more than 522 SKUs, such as solar inverters, panels, and batteries, aimed at decreasing customer dependence on other OEMs.

Fujiyama Power Systems IPO Day 3 LIVE: Fujiyama Power Systems IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating upto ₹50 million.

Fujiyama Power Systems IPO Day 3 LIVE: Tentatively, Fujiyama Power Systems IPO basis of allotment of shares will be finalised on Tuesday, November 18 and the company will initiate refunds on Wednesday, November 19 while the shares will be credited to the demat account of allottees on the same day following refund. Fujiyama Power Systems share price is likely to be listed on BSE and NSE on Thursday, November 20.

Fujiyama Power Systems IPO Day 3 LIVE: Fujiyama Power Systems IPO saw a 40% subscription rate by the second day of bidding on Friday. It attracted bids for 1,04,26,585 shares out of 2,63,47,221 shares available, based on data from the BSE.

The Qualified Institutional Buyers segment achieved an 81% subscription, whereas the Retail Individual Investors category saw a 28% subscription. The Non-Institutional Investors section garnered a 10% subscription.

Fujiyama Power IPO Day 3 LIVE: Fujiyama Power IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹228 with no premium or discount in the grey market according to investorgain.com

According to the recent 11 sessions of grey market activities, today's IPO GMP trend shows no significant changes, and experts anticipate this trend will continue until the listing day.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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