Fujiyama Power Systems IPO Gains Momentum, Subscribed 2.21x on Day 3

Fujiyama Power Systems Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The stock price band is set at ₹216-228 per share. The ₹828.00 crore IPO reached 2.21 times by 4:59:32 PM on day three. This indicates strong investor interest in this rooftop solar industry solutions provider founded in 2017. Fujiyama Power Systems IPO qualified institutional buyers segment leads with strong 5.24 times subscription. Employees demonstrate moderate participation at 1.55 times. Retail investors display moderate interest at 1.04 times. Non-institutional investors show limited participation at 0.92 times. Anchor investors show complete participation at 1.00 times. Fujiyama Power Systems IPO subscription reached strong 2.21 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (5.24x), Employees (1.55x), Retail Investors (1.04x), and Non-Institutional Investors (0.92x). Total applications reached 1,43,876.

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Fujiyama Power Systems IPO subscription reached strong 2.21 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (5.24x), Employees (1.55x), Retail Investors (1.04x), and Non-Institutional Investors (0.92x).

Subscription Status of Fujiyama Power Systems IPO:

Here are the subscription details for Fujiyama Power Systems IPO as of Day 3 (November 17, 2025, 4:59:32 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 2.21 times, showing substantial improvement from day two's 0.41 times
• Qualified institutional buyers (ex-anchor) showing strong performance at 5.24 times, building dramatically from day two's 0.82 times
• Employee category displaying moderate confidence at 1.55 times, up from day two's 0.66 times
• Retail investors showing moderate performance at 1.04 times, improving substantially from day two's 0.30 times
• Non-institutional investors showing limited performance at 0.92 times, rising significantly from day two's 0.11 times
• Total applications reached 1,43,876, up sharply from day two's 43,393 applications
• Cumulative bid amount reached ₹1,281.56 crores, exceeding the net offer size of ₹581.10 crores by more than 2.2 times
• Anchor investors fully subscribed their allocation of ₹246.90 crores

Fujiyama Power Systems IPO - Day 2 Subscription at 0.41 Times

Key Highlights - Day 2:

• Overall subscription reached modest 0.41 times, showing substantial improvement from day one's 0.09 times
• Qualified institutional buyers showing limited performance at 0.82 times, building dramatically from day one's 0.00 times
• Employee category displaying weak confidence at 0.66 times, building substantially from day one's 0.21 times
• Retail investors showing weak performance at 0.30 times, improving from day one's 0.16 times
• Non-institutional investors showing minimal performance at 0.11 times, marginally improving from day one's 0.05 times

Fujiyama Power Systems IPO - Day 1 Subscription at 0.09 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.09 times, showing cautious initial investor interest
• Employee category showing weak performance at 0.21 times, indicating limited employee sentiment
• Retail investors displaying weak confidence at 0.16 times, showing subdued retail appetite
• Non-institutional investors showing minimal performance at 0.05 times, indicating very weak HNI interest
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional appetite

About Fujiyama Power Systems Limited

Founded in 2017, Fujiyama Power Systems Limited manufactures products and provides solutions in the rooftop solar industry, including on-grid, off-grid, and hybrid solar systems. The company has designed an extensive product portfolio of over 522 SKUs, including solar inverters, panels, and batteries. The company serves customers via an extensive distribution network with over 725 distributors, 5,546 dealers, and 1,100 exclusive "Shoppe" franchisees, supported by over 602 qualified service engineers providing maintenance and technical support. Products include solar PCUs, off-grid, on-grid, and hybrid inverters, solar panels, PWM chargers, battery chargers, lithium-ion and tubular batteries, online and offline UPS systems, solar management units, and charge controllers. The company operates four manufacturing facilities in Greater Noida (Uttar Pradesh), Parwanoo (Himachal Pradesh), Bahadurgarh (Haryana), and Dadri (UP), all certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company exports to countries including the USA, Bangladesh, and the UAE.