The initial public offering (IPO) of Fujiyama Power Systems opens for bidding on Thursday, November 13. The rooftop solar solutions player is offering its shares in the range of Rs 216-228 apeice. Investors can make bids for a minimum of 65 equity shares and its multiples thereafter. The issue shall close for bidding on Monday, November 17. Advertisement

Fujiyama Power Systems is looking to raise a total of Rs 828 crore via IPO, which includes a fresh share sale of Rs 600 crore and an offer-for-sale (OFS) of up to 1 crore shares by its promoters worth Rs 228 crore. The net proceeds from the issue shall be utilized towards Part financing the cost of establishing the manufacturing facility, repayment of debt and general corporate purposes.

Incorporated in 2017, New Delhi-based Fujiyama Po

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