Fujiyama Power Systems IPO Allotment Today: Check Your Shares Now!

Fujiyama Power Systems Ltd, a manufacturer of solar products for rooftops, is going to reveal its IPO allotment today, the 18th of November, which is a day before its stock listing set to happen on the 20th of November. The investors who participated in the offering can verify the allotment of their shares online through the BSE, the NSE, and the website of the IPO registrar. The official registrar is managing the IPO process as MUFG Intime India Pvt. Ltd.

The public offering was open during the period of November 13 to November 17. Because of great interest from investors, the focus is now on the final allotment of shares which will influence the respective distribution among the applicants. The shares which are credited to the demat accounts of successful applicants are likely to be on November 19, together with the refunds for those who were not allotted.

How to Check Fujiyama Power Systems IPO Allotment Status Online

Investors can check their allotment by following these steps:

BSE Portal

Visit the BSE IPO allotment page

Choose the ‘Equity’ option for Issue Type.

From the drop-down menu, select ‘Fujiyama Power Systems Limited’.

Provide your Application Number or PAN.

Complete the CAPTCHA for verification and hit the ‘Search’ button.

NSE Portal

Go to the NSE IPO allotment page

Mark ‘Equity and SME IPO bids’ as the selection.

From the dropdown, select ‘Fujiyama Power Systems Limited’.

Input PAN and Application Number.

Hit ‘Submit’ to see the status.

MUFG Intime India

Enter the portal of the IPO registrar

Select ‘Fujiyama Power Systems Limited’.

Choose whether to enter PAN, Application Number, DP ID, or Account Number.

Fill in the details as per your choice.

Finally, click ‘Search’ to check your allotment.

Fujiyama Power Systems shares are ringing up only a small grey market premium in the unlisted market at Rs 1.5 for each share. The expected listing price of the shares based on GMP would be around Rs 229.5, which is just above the IPO price of Rs 228 per share and, thus, has a 0.66% premium reflecting.

The IPO was able to garner a total of Rs 828 crore through the fresh issue and the off-load of shares (OFS) combined. The company made a fresh issue of 2.63 crore shares worth Rs 600 crore and at the same time, offered 1 crore shares through OFS, valued at Rs 228 crore. The IPO's price band was Rs 216 to Rs 228 per share.

From the subscription details, it can be seen that the IPO was 2.14 times overall, out of which 1.00 times was from the retail investors, 88% from the non-institutional investors, and 5.15 times was from the qualified institutional buyers (QIBs). Motilal Oswal Investment Advisors Ltd. was the appointed book running lead manager for the IPO.

Fujiyama Power Systems will now move on with allotment and start preparing for the November 20 listing on both BSE and NSE.