The share allotments for Fujiyama Power Systems IPO will likely be finalised by today, November 18. IPO applicants can check their allotment status on the official websites of BSE and NSE, as well as the official site of its registrar, MUFG Intime India (formerly Link Intime India)
This comes after the Rs 828-crore IPO of the rooftop solar solutions provider saw decent investor interest during its three days of public bidding, being subscribed more than two times its offer size between November 13 and November 17.
Fujiyama Power IPO GMP:
Ahead of listing, the unlisted shares of Fujiyama Power were trading with 0.66 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. The GMP quoted by the site has slightly increased from the zero percent reported on the day the IPO opened for public bidding.
According to IPO Watch, the unlisted shares of the company were trading with 0.87 percent GMP over the IPO price.
Fujiyama Power IPO: How to check allotment status on NSE?
- Step 1: Open the website of NSE by clicking on this direct link.
- Step 2: Select the company 'Fujiyama Power' by selecting Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on 'Search' to view the status.
- Step 1: Open the link to the official registrar of the issue on this URL.
- Step 2: Select the company from the dropdown menu.
- Step 3: You check your allotment status by filling in details like PAN, application number or DP client ID.
- Step 4: Press the Submit button
- Step 5: Your allotment status will be shown in the window.
Fujiyama Power Systems launched its IPO to raise Rs 828 crore through a fresh issue of equity shares worth up to Rs 600 crore and an offer for sale of 10 lakh shares, valued Rs 228 crore at the upper end, by promoters.
The price band for the IPO was set at Rs 216-228 per share. Proceeds from the fresh issue to the tune of Rs 180 crore would be utilised by the company towards financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, Rs 275 crore for payment of debt, and the rest for general corporate purposes.
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