New Delhi : The initial public offering (IPO) of Fujiyama Power Systems, which provides solutions for the rooftop solar industry, received 40 per cent subscription on the second day of bidding on Friday.The IPO received bids for 1,04,25,935 shares as against 2,63,47,221 shares on offer, according to the data available with the NSE.

Whatever be the IPO performance, Fujiyama Power (UTL Solar) promoters are a different breed. They belong to a generation that made businesses to last, not to find a greater fool.

Hard-working yet affable! 1500-cr revenue, yet speak like bootstrappers. #UTLSolar #Fujiyama pic.twitter.com/42PEfL7tIN — IPO Central (@ipo_central) November 14, 2025

The Qualified institutional buyers part fetched 81 per cent subscription, while Retail individual investors s

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