Fujiyama Power Systems Share Price Falls on Listing Day;Shares List 4% Below Issue Price on NSE, BSE

Fujiyama Power Systems shares made a dull debut on the stock market on November 20, disappointing investors who were expecting a stronger listing. The stock opened at a 4.21% discount on the BSE at Rs. 218.40, compared to the IPO price of Rs. 228 per share. On the NSE, the stock listed slightly better at Rs. 220, still 3.51% below the issue price. The company began trading with a market cap of around Rs. 6,692 crore.

Fujiyama Power Systems Share Price Today

At around 11 am, Fujiyama Power Systems share price on the NSE was trading at Rs. 224.00, up 1.98% from its listing price, though still 1.75% down from the IPO price. On the BSE, the stock was trading at Rs. 224.05, recovering 2.59% from the weak opening as buyers are gradually stepping in after the discounted listing.

Why Did Fujiyama Power Systems List at a Discount?

One of the biggest signals ahead of the IPO listing was the low-to-zero grey market premium (GMP). The last recorded Fujiyama Power Systems IPO GMP was just Rs. 0.5, hinting at almost no listing gains. The expected profit based on GMP was only 0.22%, which indicated weak demand in the unlisted market.

Fujiyama Power Systems IPO Details

The Fujiyama Power Systems IPO opened on November 13 and closed on November 17, raising Rs. 828 crore through a mix of fresh issue and offer for sale. The IPO received a moderate subscription of 2.21 times. The IPO allotment was finalised on November 18th. While the QIB response was strong, the retail and NII participation remained subdued, mirroring the weak GMP trend.

About Fujiyama Power Systems Limited

Fujiyama Power Systems is a growing name in India's rooftop solar solutions market, established in 2017. The company manufactures a wide range of solar inverters (on-grid, off-grid, and hybrid), solar panels, batteries, and UPS systems under popular brands like UTL Solar and Fujiyama Solar. As per the company data, it has a widespread distribution and service network, including 725+ distributors, 5,546 dealers with around 1,100 exclusive "Shoppe" franchisees, and works with more than 600 service engineers. Fujiyama operates manufacturing facilities across Uttar Pradesh, Haryana, and Himachal Pradesh, and also exports to countries like the USA, UAE, and Bangladesh.